CHESHIRE RETAIL (NW) LTD

• ⚠

  Material uncertainty over going concern

  Material uncertainty related to going concern: Subsequent to the year end, the company has sold a number of its convenience stores and the director intends to sell further stores. As these stores represent the company's principal source of income, the disposals will significantly reduce the company's main revenue source. The company's ability to continue trading until that time will therefore depend on the successful completion of the remaining disposals, the realisation of the anticipated sale proceeds, and the implementation of arrangements to meet the company's obligations during this period. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  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

  -13.4%

  £17,130,805 → £14,840,371

• Cash

  -2.2%

  £1,057,090 → £1,034,007

• Net assets

  +2.7%

  £2,831,108 → £2,908,356

• Employees

  +8.9%

  168 → 183

• Operating profit

  -67.1%

  £684,588 → £225,139

• Profit before tax

  -67%

  £684,448 → £225,931

• Wages

  -1.3%

  £2,799,831 → £2,762,172

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

AMS Audit Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“Material uncertainty related to going concern: Subsequent to the year end, the company has sold a number of its convenience stores and the director intends to sell further stores. As these stores represent the company's principal source of income, the disposals will significantly reduce the company's main revenue source. The company's ability to continue trading until that time will therefore depend on the successful completion of the remaining disposals, the realisation of the anticipated sale proceeds, and the implementation of arrangements to meet the company's obligations during this period. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “Minimum Wage Increase (6.7%) in April 2025 led to head office restructure and supplier negotiations to offset costs.”
• “Continued reduction in tobacco sales required exploring alternative product categories and in-store promotions.”
• “Shift towards online shopping led to a focus on improved in-store experience and digital strategies.”
• “Price inflation on stock necessitated enhanced pricing systems and transparent communication with customers.”
• “Notable reduction in electricity prices allowed redirection of cost savings to marketing and staff development.”
• “Proactive supplier negotiations yielded positive outcomes, offsetting cost pressures.”
• “Subsequent to year-end, the Runcorn store was sold, and Kingsway and Crewe stores transferred to independent operators, with further store sales planned, leading to expected reduction in trading activity.”

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.