W P I SURFACING LIMITED

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Cash

£2.7m

+20.8% highest in 3 filed years

Net assets

£13m

-29.9% lowest in 3 filed years

Employees

-19.1% lowest in 3 filed years

Profit before tax

£327k

-73.4% lowest in 3 filed years

Net assets

3-year trend · vs Industrials median

W P I SURFACING LIMITED·Industrials median · n=14227

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric	2023-12-31	2024-12-31	2025-12-31	Δ vs prior
Turnover	£7,918,748	£7,772,695	£6,831,767	-12.1%
Operating profit	£980,406	£1,238,922	£238,835	-80.7%
Profit before tax	£973,495	£1,231,175	£326,986	-73.4%
Net profit	£741,361	£914,928	£254,959	-72.1%
Cash	£1,029,302	£2,244,846	£2,711,398	+20.8%
Total assets less current liabilities	£17,922,245	£18,838,268	£13,218,283	-29.8%
Net assets	£17,826,316	£18,741,244	£13,146,203	-29.9%
Equity	£17,826,316	£18,741,244	£13,146,203	-29.9%
Average employees	47	47	38	-19.1%
Wages	£2,451,013	£2,672,387	£2,461,127	-7.9%
Directors' remuneration	£439,522	£534,116	£564,525	+5.7%
Directors' pension contributions	£4,429	£5,675	£5,360	-5.6%
Highest paid director	£287,465	£344,965	£378,793	+9.8%

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31	2025-12-31
Operating margin	12.4%	15.9%	3.5%
Net margin	9.4%	11.8%	3.7%
Return on capital employed	5.5%	6.6%	1.8%
Gearing (liabilities / total assets)	14.6%	13.3%	48.1%
Current ratio	6.65x	7.30x	1.99x
Interest cover	—	—	35.21x

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.

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Standalone (parent only)
Abridged: Yes — abridged accounts (limited disclosure)
Auditor: Deloitte LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“While there remains a shortage of housing, the Directors are confident the Developers will continue to build, the Directors are confident the Company will continue to trade profitably for the foreseeable future.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

7 active · 10 resigned

Name	Role	Appointed	Born	Nationality
HANCOCK, Benjamin David	Director	2018-06-08	Jan 1991	British
HOOSE, Andrew William	Director	2013-02-01	Jul 1965	British
IGOE, Michael James	Director	2005-08-01	Aug 1987	British
IGOE, Steven Michael	Director	2005-08-01	May 1979	British
STUBBS, Christina Margaret	Director	2005-08-01	Sep 1981	British
WEST, Kerry Louise	Director	2017-06-17	Jun 1976	British
WHITE, Daniel Robert	Director	2023-10-17	Dec 1992	British

Show 10 resigned officers

Name	Role	Appointed	Resigned
IGOE, Ivy	Secretary	1994-12-16	2015-02-11
YOUNGER, Norman	Nominee Secretary	1994-12-15	1994-12-16
BOWYER, Colin	Director	1995-04-01	2012-10-05
FARRER, Paul	Director	2014-07-24	2024-04-26
IGOE, Ivy	Director	1994-12-16	2015-02-11
IGOE, Katrina Marie	Director	2005-08-01	2024-04-30
IGOE, William Patrick	Director	1994-12-16	2018-06-08
SCOTT, Stephen James	Director	2018-10-04	2026-02-02
SILVERSTONE, Michael Sheldon	Nominee Director	1994-12-15	1994-12-16
WILKINSON, Sebastian John	Director	2018-06-08	2018-10-04

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Maddox Bidco Limited	Corporate entity	Significant influence	2018-06-08	Ceased 2019-07-22
Mr William Patrick Igoe	Individual	Shares 75–100%	2016-04-06	Ceased 2018-06-08
Wpi Group Limited	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-04-06	Active

Filing timeline

Last 20 of 122 total filings

Date	Type	Category	Description
2026-08-19	AA	accounts	Accounts with accounts type full
2026-02-02	TM01	officers	Termination director company with name termination date	PDF
2025-12-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-07-17	AA	accounts	Accounts with accounts type full
2024-12-18	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-07-17	AA	accounts	Accounts with accounts type small
2024-04-30	TM01	officers	Termination director company with name termination date	PDF
2024-04-30	TM01	officers	Termination director company with name termination date	PDF
2024-01-04	AA	accounts	Accounts with accounts type full
2023-12-18	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-10-18	AP01	officers	Appoint person director company with name date	PDF
2022-12-28	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-07-29	AA	accounts	Accounts with accounts type full
2021-12-15	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-12-14	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-09-03	MR04	mortgage	Mortgage satisfy charge full	PDF
2021-08-08	AA	accounts	Accounts with accounts type full
2021-01-22	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-01-13	AA	accounts	Accounts with accounts type full
2019-12-18	CS01	confirmation-statement	Confirmation statement with no updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 3
Capital events: 0
Officers appointed: 0
Officers resigned: 1

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page