HEYWOOD LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 Going Concern in the financial statements which indicates a potential change in ownership in the next 12 months. These events and conditions, along with the other matters explained in note 2 Going Concern constitute a material uncertainty that may cast significant doubt on the Group's and the parent company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +7.9%

  £35,128,000 → £37,910,000

• Cash

  +915.3%

  £131,000 → £1,330,000

• Net assets

  +35.9%

  £45,741,000 → £62,171,000

• Employees

  +9.8%

  205 → 225

• Operating profit

  +13.3%

  £15,903,000 → £18,012,000

• Profit before tax

  +20.4%

  £14,567,000 → £17,545,000

• Wages

  +7.8%

  £13,555,000 → £14,619,000

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. HEYWOOD LIMITED 2002-11-27 → present
2. AQUILA SOFTWARE LIMITED 2001-02-15 → 2002-11-27

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 Going Concern in the financial statements which indicates a potential change in ownership in the next 12 months. These events and conditions, along with the other matters explained in note 2 Going Concern constitute a material uncertainty that may cast significant doubt on the Group's and the parent company's ability to continue as a going concern.”

Significant events

• “During the year, the business has continued to develop and sell new products to existing and new customers, including "Heywood Engage", a new member experience offering, "Heywood Passport" designed specifically for the pension risk transfer market and "Heywood ISP", the new Pension Dashboard interconnectivity solution.”
• “The business has also increased the number of data and insight services in readiness for pension dashboard connectivity, pension risk transfers, and the wider sound management of data.”
• “However, as the Group is currently being marketed for sale and has received multiple bids since the year end, this brings the prospect of a change of ownership in the next 12 months”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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