WINGNUT UTILITIES LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  -20.3%

  £20,382,630 → £16,254,696

• Cash

  -0.1%

  £8,342,002 → £8,334,081

• Net assets

  +13.1%

  £8,692,026 → £9,834,523

  highest in 4 filed years

• Employees

  +16.7%

  42 → 49

  highest in 4 filed years

• Operating profit

  -59.2%

  £3,598,497 → £1,468,144

• Profit before tax

  -57.5%

  £3,586,223 → £1,525,281

• Wages

  -15.1%

  £5,234,532 → £4,444,923

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

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.

1. WINGNUT UTILITIES LIMITED 2013-10-22 → present
2. WINGNUT LIMITED 1997-05-09 → 2013-10-22

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Champion Accountants LLP

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “In the year to 31 March 2025 turnover decreased from £20,382,630 to £16,254,696. Our gross margin decreased from 51.9% to 46.7% due to the mix of customers and contract cessation dates. Overall, we have seen our margin decrease by £2,992,885.”
• “Administrative expenses decreased by £862,532 to £6,127,097. As a result, the company has reported decreased profits before tax, being £1,525,281 (2024: £3,586,223).”
• “Debtors have decreased by £1,160,273 (2024: increased by £1,858,862). Creditors falling due within one year have decreased by £2,211,451 (2024: increased by £635,416). Tight control over debtors and creditors has resulted in cash balances decreasing by only £7,921, to £8,334,081.”
• “The directors have assessed the main risk facing the company as increased competition, and the current economic outlook relating to inflation and interest rates.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

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