WINCH SOLUTIONS LIMITED

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

  -61.4%

  £12,679,857 → £4,891,267

• Cash

  -83.9%

  £1,054,652 → £170,005

  lowest in 6 filed years

• Net assets

  -272.2%

  £925,713 → -£1,594,502

  lowest in 6 filed years

• Employees

  +6.9%

  29 → 31

  highest in 6 filed years

• Operating profit

  -2,814.9%

  -£76,653 → -£2,234,373

• Profit before tax

  -908.7%

  -£229,092 → -£2,310,759

  lowest in 3 filed years

• Wages

  -55.7%

  £1,053,017 → £466,885

  lowest 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

JS. Audit Limited

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 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

• “From February 2023 sales in the UK saw a downturn because end consumer demand had been saturated during an exceptional sales peak in the previous financial year, driven by the conflict between Russia and the Ukraine. The business, its customers and the retailers were therefore all left with high levels of excess stock. This downturn continues to date and post balance sheet, the decision has been made to exit the European market directly and instead supply the market from the UK via distributors.”
• “In the first quarter of the year there was a reduction in sales resulting in a cash shortfall.”
• “In January 2024 the business was not in a position to settle the trade loans, despite the extensions granted by HSBC.”
• “On 23 September 2024 the company agreed a new medium term repayment loan facility with HSBC of £5,600,000 to 30 April 2027 at an interest rate of 3.9% per annum above the Bank of England base rate.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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