WESTLAB LTD

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

  +9.6%

  £10,940,015 → £11,990,586

  highest in 3 filed years

• Cash

  -21.1%

  £25,335 → £19,978

• Net assets

  +47.6%

  £666,680 → £984,334

  highest in 3 filed years

• Employees

  +11.3%

  53 → 59

  highest in 3 filed years

• Operating profit

  +10.9%

  £818,364 → £907,741

  highest in 3 filed years

• Profit before tax

  -36.7%

  £574,850 → £363,684

  first positive since 2022

• Wages

  +27.5%

  £1,706,591 → £2,176,624

  highest in 3 filed years

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

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern Thus, the Directors have continued to adopt the going concern basis of accounting in preparing these financial statements”

Group structure

1. WESTLAB LTD · parent
   1. SPL Cobham Limited 100% · United Kingdom

Significant events

• “There are several geopolitical events happening today which pose a risk to UK business Continued unrest in the middle east, specifically in/around the Red Sea, plus ongoing uncertainty over a conclusion to the Russia / Ukraine conflict remain a risk to the supply chain The Directors have carried out an assessment of the potential impact of these uncertainties on the business, including the impact of mitigation measures, and have concluded that these are non-adjusting events with the greatest impact on the business expected to be from the economic ripple effect on the global economy”
• “The profit for the year, after taxation, amounted to £317,654 (2023 - £410,192) which included a one-off investment impairment of £376,272”

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

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.