BANKS WEALTH MANAGEMENT LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
Cash
£81K
lowest in 5 filed years
Net assets
£552K
Equity attributable
Employees
0
lowest in 5 filed years
Profit before tax
-£147K
Period ending 2024-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Following the transfer of the trade and client banks of the company to other group entities as part of the wider group acquisition integration strategy, the directors intend to liquidate the company in the next twelve months. The company will continue to receive support from its parent undertakings to ensure an orderly wind down. As required by UK GAAP, the directors have prepared the financial statements of the company on the basis that it is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-10-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-06-24 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £928,566 | £3,341 | |
| Operating profit | — | — | — | — | £490,335 | -£147,388 | |
| Profit before tax | — | — | — | — | £501,202 | -£147,077 | |
| Net profit | — | — | — | — | £501,125 | -£147,077 | |
| Cash | £101,585 | £136,519 | £186,085 | — | £474,444 | £81,409 | |
| Total assets less current liabilities | £143,850 | £240,648 | £306,049 | — | — | — | |
| Net assets | £139,696 | £207,116 | £200,949 | — | £698,618 | £551,541 | |
| Equity | £139,696 | £207,116 | £200,949 | £197,392 | £698,618 | £551,541 | |
| Average employees | 9 | 10 | 8 | — | 4 | 0 | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-06-24 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 52.8% | — | |
| Net margin | — | — | — | — | 54.0% | — | |
| Current ratio | — | — | — | — | 53.27x | 37.54x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Following the transfer of the trade and client banks of the company to other group entities as part of the wider group acquisition integration strategy, the directors intend to liquidate the company in the next twelve months. The company will continue to receive support from its parent undertakings to ensure an orderly wind down. As required by UK GAAP, the directors have prepared the financial statements of the company on the basis that it is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.”
Significant events
- “The company's FCA authorisation and registration ceased from 15 July 2024 resulting in a decrease in revenue and the effective cessation of trade.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBINSON, Hayden David | Director | 2024-12-10 | Jun 1970 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DANSON, Cheryl Josephine | Secretary | 2011-01-28 | 2022-06-24 |
| DANSON, Cheryl Josephine | Director | 2015-01-29 | 2022-06-24 |
| DANSON, Stephen Francis | Director | 2011-01-28 | 2025-07-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Afh Wm Holdings Limited | Corporate entity | Shares 75–100% | 2023-04-30 | Ceased 2023-09-07 |
| The Personal Finance Academy Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-28 | Ceased 2023-04-30 |
| Mr Stephen Francis Danson | Individual | Shares 50–75%, Voting 50–75% | 2017-01-28 | Ceased 2021-01-28 |
| Mrs Cheryl Josephine Danson | Individual | Shares 25–50%, Voting 25–50% | 2017-01-28 | Ceased 2021-01-28 |
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-01 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-07 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-09-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-07-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-05-12 | AA01 | accounts | Change account reference date company current extended | |
| 2023-03-16 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-30 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-08-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-28 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.