WAREHOUSE EXPRESS LIMITED
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Cash
£7.2m
+22.8% highest in 3 filed years
Net assets
£20m
-23.5% lowest in 3 filed years
Employees
272
-9% lowest in 3 filed years
Profit before tax
£3.5m
-4.4% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £126,799,000 | £122,932,000 | £119,431,000 | -2.8% | |
| Operating profit | £4,414,000 | £2,641,000 | £2,535,000 | -4% | |
| Profit before tax | £5,074,000 | £3,642,000 | £3,480,000 | -4.4% | |
| Net profit | £4,875,000 | £3,990,000 | £3,744,000 | -6.2% | |
| Cash | £3,281,000 | £5,882,000 | £7,225,000 | +22.8% | |
| Total assets less current liabilities | £24,033,000 | £28,119,000 | £22,042,000 | -21.6% | |
| Net assets | £22,628,000 | £26,618,000 | £20,362,000 | -23.5% | |
| Equity | £22,628,000 | £26,618,000 | £20,362,000 | -23.5% | |
| Average employees | 294 | 299 | 272 | -9% | |
| Wages | £9,862,000 | £10,050,000 | £9,588,000 | -4.6% | |
| Directors' remuneration | £343,000 | £296,000 | £329,000 | +11.1% | |
| Directors' pension contributions | £10,000 | £8,000 | £10,000 | +25% | |
| Highest paid director | £190,000 | £151,000 | £194,000 | +28.5% |
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 | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.5% | 2.1% | 2.1% | |
| Net margin | 3.8% | 3.2% | 3.1% | |
| Return on capital employed | 18.4% | 9.4% | 11.5% | |
| Gearing (liabilities / total assets) | 51.1% | 46.2% | 51.2% | |
| Current ratio | 1.87x | 2.13x | 1.94x | |
| Interest cover | — | 37.20x | 23.26x |
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)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. In assessing the going concern, the directors have prepared detailed profit and loss and cash flow forecasts for the Company for the period of at least 12 months from the approval of the financial statements and have considered the financial strength of both the Company and the Group, headed by European Imaging Group Limited, as a whole. The Company's and Group's forecasts are updated quarterly and take account of realistic changes in trading performance and consideration of future cash flows. The forecasts demonstrate significant headroom, without taking into account mitigating courses of action available to the Company and the Group and as such, the directors are confident about the ability of the Company and Group to trade through uncertain economic conditions and that there will continue to be sufficient financial resources for the Company to meet its liabilities as they fall due for at least the next 12 months and to remain compliant with the terms of its borrowings over that same period. Thus, the directors have concluded that the financial statements can continue to be prepared on the going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORRISSEY, Andrew James | Secretary | 2018-06-08 | — | — |
| LANGE, Frederik | Director | 2025-07-07 | Apr 1978 | British,French,German |
| MORRISSEY, Andrew James | Director | 2014-09-30 | Dec 1979 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GARRATT, David | Secretary | 2011-05-17 | 2018-06-08 |
| HARBORD, David | Secretary | 2009-07-24 | 2011-05-17 |
| MILLER, Paul James | Secretary | 2006-08-07 | 2007-07-31 |
| UTTING, Howard David | Secretary | 1997-05-08 | 2006-08-07 |
| GENESIA SECRETARIES LIMITED | Corporate Secretary | 2007-10-17 | 2009-07-24 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1997-05-08 | 1997-05-08 |
| GARRATT, David Harry | Director | 2011-05-17 | 2018-06-08 |
| GILBERT, David Samuel | Director | 2007-08-31 | 2009-02-13 |
| HARBORD, David Christopher | Director | 2009-05-11 | 2011-05-17 |
| HEWITT, Bernard Charles | Director | 2011-02-07 | 2019-05-08 |
| KARIBIAN, George Vahak | Director | 2008-02-27 | 2009-06-24 |
| MAYOH, Bryan, Doctor | Director | 2005-08-18 | 2007-10-17 |
| MCCARTHY, Colin | Director | 2006-02-01 | 2009-07-06 |
| MEEHAN, Andrew David | Director | 2009-03-16 | 2011-01-31 |
| MILLER, Paul James | Director | 2006-08-07 | 2007-07-31 |
| MORRIS, Andrew Terry | Director | 2005-08-18 | 2006-03-24 |
| UTTING, Ann Elizabeth | Director | 1997-05-08 | 2005-08-18 |
| UTTING, Howard David | Director | 1997-05-08 | 2006-08-18 |
| WAHL, Louis | Director | 2018-06-08 | 2024-09-30 |
| WAHL, Louis Ernest | Director | 2014-05-02 | 2017-11-29 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1997-05-08 | 1997-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| European Imaging Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-01 | Active |
| Aurelius Phi Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-09-22 | Ceased 2021-01-01 |
| Warehouse Express Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2017-09-22 |
Filing timeline
Last 20 of 144 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-29 RESOLUTIONS Resolution
- 2024-11-29 MA Memorandum articles
- 2024-11-15 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-29 | MA | incorporation | Memorandum articles | |
| 2024-11-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-15 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-20 | AA | accounts | Accounts with accounts type full | |
| 2023-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-08-11 | AA | accounts | Accounts with accounts type full |
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.