HEATHPATCH LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -24.7%

  £79,195,245 → £59,609,423

• Cash

  +2,966.4%

  £452,529 → £13,876,234

  highest in 3 filed years

• Net assets

  +4%

  £79,539,647 → £82,690,866

  highest in 3 filed years

• Employees

  +11.8%

  432 → 483

  highest in 3 filed years

• Operating profit

  -355.3%

  £2,689,001 → -£6,863,924

• Profit before tax

  -39.8%

  £13,766,362 → £8,285,588

• Wages

  -1.6%

  £14,260,156 → £14,024,887

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Hardcastle Burton LLP

Audit opinion

Unqualified (clean)

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 group's and the parent 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.”

Group structure

1. HEATHPATCH LIMITED · parent
   1. KW Holdings Limited 100% · England and Wales · Intermediate holding company
   2. Camden Boss Limited 100% · England and Wales · Design, manufacture and distribution of electrical components
   3. I4Innovation Limited 100% · England and Wales · Dormant
   4. Rimer-Alco Limited 100% · England and Wales · Dormant
   5. Nuwco Limited 100% · England and Wales · Dormant
   6. Boss Enclosures Limited 100% · England and Wales · Dormant
   7. Camden Electronics (Hong Kong) Limited 100% · Hong Kong · Design, manufacture and distribution of electrical components
   8. Boxon Composting Limited 100% · England and Wales · Dissolved post year end
   9. Global Machinery Solutions Limited 100% · England and Wales · Sourcing and trading in equipment and machinery to be used in the recycling industry and repair and maintenance of the same
   10. Corner Energy Limited 100% · England and Wales · Dissolved post year end
   11. Stafford Renewables Limited 100% · England and Wales · Dissolved post year end
   12. GRS Recycling Machinery Limited 100% · Republic of Ireland · Sale of recycling machinery
   13. Material Change AD Limited 100% · England and Wales · In process of dissolution
   14. Agroco Farms Limited 100% · England and Wales · Dissolved post year end
   15. Mauldons Limited 100% · England and Wales · Dormant
   16. Nedging Hall Estate Limited 100% · England and Wales · Brewery and hospitality
   17. Cogent Technology Ltd 100% · England and Wales · Manufacturing of electronic products

Significant events

• “In July 2024, HP completed the sale of its investments in Material Change Limited (MCL). Pedersen Contracting Services Limited(PCS) and Material Change Asset Co (MCAC). MCL was part of the Heathpatch group for over 20 years, during which it grew significantly, including some acquisitions along the way. The sale has significantly strengthened the Heathpatch balance sheet, continuing the growth from previous years.”
• “On 1 November 2024, the Group made structural changes to the HP Board: Charles Course (previously CEO) was appointed Chairman, and George Westwood (previously Finance Director) was promoted to CEO.”
• “HP continues to take an active role in the local community including schools and parishes, and proudly supports charities both locally and further afield, including Inspire Suffolk, The Suffolk Community Foundation, The Suffolk Befriending Scheme and the Ukraine Appeal, to name but a few.”
• “During the year CB acquired a 100% investment in Cogent Technology Limited, a PCBA and electronic device manufacturing business in Felixstowe.”
• “Sales have increased in the year to £3.3m (£2.7m) [for NHE].”
• “As a result of the sale of the Material Change group, the Heathpatch group was in a cash positive position at year end.”
• “Due to the sale of the MCL group a one-off dividend was declared in the year ended 31 October 2024 of £5,000,000 (2023: £Nil).”
• “During the year the following new directors were appointed within the group Daniel Goddard, Nigel Slator, Robert Stainer and Nicola Groom joined the group as directors of Cogent. Nigel, Robert and Nicola resigned as directors during the year.”

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

Filings

13

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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