CARDO (WALES & WEST) LIMITED
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Cash
£3.2m
+52.8% highest in 6 filed years
Net assets
£16m
+49.3% highest in 6 filed years
Employees
496
+83.7% highest in 6 filed years
Profit before tax
£5m
+43.1% highest in 6 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £23,611,716 | £31,711,764 | £35,615,084 | £50,303,772 | £58,871,728 | £75,573,151 | +28.4% | |
| Operating profit | £1,896,217 | £2,095,288 | £1,603,146 | £1,633,849 | £3,649,575 | £5,131,365 | +40.6% | |
| Profit before tax | £1,880,513 | £2,040,139 | £1,543,354 | £1,481,469 | £3,476,095 | £4,973,134 | +43.1% | |
| Net profit | £1,511,274 | £1,632,932 | £1,067,488 | £1,277,699 | £3,219,222 | £5,195,836 | +61.4% | |
| Cash | £2,360,217 | £3,080,658 | £3,113,149 | £2,319,055 | £2,101,939 | £3,212,678 | +52.8% | |
| Total assets less current liabilities | £5,472,302 | £7,817,328 | £9,107,816 | £9,856,510 | £12,025,655 | £16,925,365 | +40.7% | |
| Net assets | £4,544,788 | £6,177,720 | £7,245,208 | £7,322,907 | £10,542,129 | £15,737,965 | +49.3% | |
| Equity | £4,544,788 | £6,177,720 | £7,245,208 | £7,322,907 | £10,542,129 | £15,737,965 | +49.3% | |
| Average employees | 145 | 236 | 292 | 392 | 270 | 496 | +83.7% | |
| Wages | £3,886,454 | £6,532,708 | £8,526,717 | £12,423,029 | £11,684,034 | £16,638,793 | +42.4% | |
| Directors' remuneration | £102,702 | £120,105 | £98,804 | £118,896 | £64,768 | £100,005 | +54.4% | |
| Directors' pension contributions | — | — | — | — | — | £1,321 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|---|---|---|
| Operating margin | 8.0% | 6.6% | 4.5% | 3.2% | 6.2% | 6.8% | |
| Net margin | 6.4% | 5.1% | 3.0% | 2.5% | 5.5% | 6.9% | |
| Return on capital employed | 34.7% | 26.8% | 17.6% | 16.6% | 30.3% | 30.3% | |
| Gearing (liabilities / total assets) | 57.6% | 56.9% | 58.7% | 69.4% | 61.8% | 55.6% | |
| Current ratio | — | — | — | 1.34x | 1.53x | 1.70x | |
| Interest cover | — | 37.91x | 24.43x | 10.47x | 20.14x | 31.56x |
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.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-01-23
- CARDO (WALES & WEST) LIMITED 2025-01-23 → present
- LCB GROUP HOLDINGS LIMITED 2023-05-31 → 2025-01-23
- LCB CONSTRUCTION LIMITED 2012-02-27 → 2023-05-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing”
Significant events
- “In June 2025, the company acquired the assets of SERS ES Group Limited in the Wales and West region.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEVAN, Liam Christopher | Director | 2012-02-27 | Feb 1987 | British |
| CREWE, Alexander | Director | 2024-01-23 | Jun 1989 | British |
| JAMES, Rhydian Thomas | Director | 2021-03-31 | Jul 1981 | British |
| NELSON, Jane | Director | 2022-02-03 | Jul 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEVAN, Susan | Secretary | 2012-02-27 | 2020-06-26 |
| HUGHES, Owen | Secretary | 2020-06-26 | 2023-05-12 |
| MARSDEN, Ben John | Director | 2022-02-03 | 2023-05-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Inv6 Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-05-12 | Ceased 2023-05-12 |
| Cardo Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 87 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-23 CERTNM Certificate change of name company PDF
- 2023-07-20 MA Memorandum articles
- 2023-07-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | CH01 | officers | Change person director company with change date | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-01-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-06 | PSC05 | persons-with-significant-control | Change to a person with significant control without name date | |
| 2024-12-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-21 | AA | accounts | Accounts with accounts type full | |
| 2024-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-07-20 | MA | incorporation | Memorandum articles | |
| 2023-07-20 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.