WADE BUILDING SERVICES LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-12-06 (in 7mo)
Last made up 2025-11-22
Watchouts
Cash
£3M
-7.3% vs 2023
Net assets
£4M
+12.3% highest in 4 filed years
Employees
42
+5% highest in 4 filed years
Profit before tax
£682K
-47.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-08-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £18,464,262 | £17,153,506 | |
| Operating profit | — | — | — | — | £1,294,994 | £628,830 | |
| Profit before tax | — | — | — | — | £1,289,443 | £682,371 | |
| Net profit | — | — | — | — | £1,020,649 | £508,634 | |
| Cash | £1,820,374 | £1,564,422 | — | — | £3,241,919 | £3,006,733 | |
| Total assets less current liabilities | £2,429,289 | £2,411,136 | — | — | £4,038,809 | £4,570,347 | |
| Net assets | £1,980,579 | £1,978,730 | — | — | £3,922,098 | £4,403,232 | |
| Equity | £1,980,579 | £1,978,730 | — | — | £3,922,098 | £4,403,232 | |
| Average employees | 33 | 33 | — | — | 40 | 42 | |
| Wages | — | — | — | — | £1,247,170 | £1,319,515 | |
| Directors' remuneration | — | — | — | — | £226,663 | £200,625 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-08-31 vs 2023-08-31
-
Turnover
-7.1%
£18,464,262 £17,153,506
-
Cash
-7.3%
£3,241,919 £3,006,733
-
Net assets
+12.3%
£3,922,098 £4,403,232
highest in 4 filed years
-
Employees
+5%
40 42
highest in 4 filed years
-
Operating profit
-51.4%
£1,294,994 £628,830
-
Profit before tax
-47.1%
£1,289,443 £682,371
-
Wages
+5.8%
£1,247,170 £1,319,515
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.0% | 3.7% | |
| Net margin | — | — | — | — | 5.5% | 3.0% | |
| Return on capital employed | — | — | — | — | 32.1% | 13.8% | |
| Current ratio | — | — | — | — | 1.59x | 1.52x | |
| Interest cover | — | — | — | — | 233.29x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WADE BUILDING SERVICES LIMITED 1991-07-05 → present
- JENNET LIMITED 1991-05-28 → 1991-07-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- CK Audit
- Audit opinion
- Qualified
- Going concern
- Affirmed
“At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “During the year, the company successfully completed a management buyout (MBO), reinforcing our commitment to long-term strategic growth and stability.”
- “Subsequent to the balance sheet date, certain shareholders sold their holdings to an existing shareholder, resulting in a change in the ownership structure. The transaction does not affect the financial position as at 31 December 2024 and is considered a non-adjusting event. However, due to its financial impact on the future governance of the company, this event is disclosed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BASI, Inderjit Singh | Director | 2018-09-04 | Mar 1986 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PIERCE, William Charles | Secretary | 1991-07-12 | 2024-09-26 |
| TAYLOR, Clare Patricia | Secretary | 1991-05-28 | 1991-07-12 |
| CLOWES, Alan Christopher | Director | 1991-07-12 | 2024-09-26 |
| MACKENZIE, James | Director | 1993-09-28 | 1999-09-30 |
| PIERCE, William Charles | Director | 1991-07-12 | 2024-09-26 |
| SPENCE, Janet Elizabeth | Director | 1991-05-28 | 1991-07-12 |
| SWANSBOROUGH, James Robert | Director | 2003-02-01 | 2008-08-11 |
| TAYLOR, Clare Patricia | Director | 1991-05-28 | 1991-07-12 |
| WARD, Michael James | Director | 1991-06-27 | 1991-07-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wade Building Services Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-26 | Active |
| Mr William Charles Pierce | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-09-26 |
| Mr Alan Christopher Clowes | Individual | Shares 50–75% | 2016-04-06 | Ceased 2024-09-26 |
Filing timeline
Last 20 of 145 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-08 RESOLUTIONS Resolution
- 2024-10-07 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-26 | CH01 | officers | Change person director company with change date | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-08 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-07 | MA | incorporation | Memorandum articles | |
| 2024-10-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.