KINGSTOWN WORKS 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

  +19.1%

  £51,144,481 → £60,925,359

  highest in 4 filed years

• Cash

  +1.5%

  £5,214,339 → £5,293,714

• Net assets

  +10.4%

  £22,634,754 → £24,989,536

  highest in 4 filed years

• Employees

  +8.2%

  475 → 514

  highest in 4 filed years

• Operating profit

  +75.3%

  £1,825,612 → £3,199,522

  highest in 4 filed years

• Profit before tax

  -11.2%

  £3,674,829 → £3,263,865

  first positive since 2021

• Wages

  +12.5%

  £15,737,597 → £17,699,482

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

Smailes Goldie

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

• “The vehicle fleet is subject to a continuous investment programme. In 2024/25, £3.4m was invested in 115 new vehicles (£2.5m, 49 vehicles in 2023/24).”
• “The business has maintained a strong focus on innovation, digital transformation and agile financial management in order to support and enhance its operations, with the year reflecting an achievement of a 19% increase in business activities along with meeting expected profit levels.”
• “Dividends of £860,000 have been paid in the year. (2023/24: £680,000).”
• “Electric vehicles were introduced in the fleet in 2020/21, EV charging points are installed at the company's head office and fleet depot and the expansion EVs in the fleet continues alongside a growth in PHEVs.”

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

0

last 24 months

Officers appointed

4

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.