CAHILL WELDING SERVICES 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

  +45%

  £23,215,765 → £33,661,189

  highest in 3 filed years

• Cash

  +119.4%

  £288,313 → £632,671

• Net assets

  +47.2%

  £4,191,762 → £6,168,752

  highest in 4 filed years

• Employees

  +18.9%

  95 → 113

  highest in 4 filed years

• Operating profit

  +56.6%

  £2,188,124 → £3,427,341

  highest in 3 filed years

• Profit before tax

  +57.7%

  £2,071,854 → £3,267,319

  highest in 4 filed years

• Wages

  +31.2%

  £3,848,179 → £5,048,418

  highest in 4 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

Barlow Andrews LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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

• “During the financial year, the company increased its level of business substantially.”
• “The company's balance sheet remains strong with net current assets in excess of £2.1 million. Cash balances have increased post year end and we have no liquidity issues. Total equity now exceeds £6.17 million.”
• “The company have reduced the number of smaller contracts we work on and we are now focusing on larger projects with key select clients that we already have strong trustworthy relationships with.”
• “During the coming years we intend to continue to increase sales within other divisions of the business such as small and special works which generally produce far higher profit margins than those in constructional steelwork.”
• “The company continues at pace with its trainee programme with more trainees recently recruited.”
• “The company is committed to keeping its employees safe.”
• “The company is constantly reviewing its finances to ensure that it does not over-reach and put the business at risk.”
• “The company's activities expose it to financial risks, principally the risk of being sued for inadequate work or by an employee for injuries sustained at work.”
• “A potential slowing down of construction. The company is working strategically so that turnover is spread between multiple different sectors so that this risk is minimised as much as possible.”
• “Potential liquidation of customers (causing cash flow issues) and suppliers (causing supply chain issues).”
• “Borrowing rate risk due to the level of bank borrowing undertaken to finance asset acquisitions and for general working capital.”
• “The company is party to a cross guarantee given to its bankers in respect of loan facilities. The amount outstanding under this facility at 31 August 2024, excluding the amount included in creditors in this company, was £474,000 (2023: £507,500).”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.