WE CONTRACTING LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
None on the register
Cash
£1M
+2,047.2% highest in 3 filed years
Net assets
£24K
+20.8% highest in 3 filed years
Employees
718
+7% highest in 3 filed years
Profit before tax
£5K
+102.7% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-07-31 | 2020-07-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £67,922,263 | £83,156,082 | |
| Operating profit | — | — | — | — | £3,285 | £9,244 | |
| Profit before tax | — | — | — | — | £2,548 | £5,164 | |
| Net profit | — | — | — | — | £2,064 | £4,183 | |
| Cash | £102,775 | — | — | — | £47,387 | £1,017,507 | |
| Total assets less current liabilities | — | — | — | — | — | — | |
| Net assets | £4,871 | — | — | — | £20,155 | £24,338 | |
| Equity | £4,871 | — | — | — | £20,155 | £24,338 | |
| Average employees | 1 | — | — | — | 671 | 718 | |
| Wages | — | — | — | — | £61,597,988 | £75,724,151 | |
| 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 2024-12-31 vs 2023-12-31
-
Turnover
+22.4%
£67,922,263 £83,156,082
-
Cash
+2,047.2%
£47,387 £1,017,507
highest in 3 filed years
-
Net assets
+20.8%
£20,155 £24,338
highest in 3 filed years
-
Employees
+7%
671 718
highest in 3 filed years
-
Operating profit
+181.4%
£3,285 £9,244
-
Profit before tax
+102.7%
£2,548 £5,164
-
Wages
+22.9%
£61,597,988 £75,724,151
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-07-31 | 2020-07-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 0.0% | 0.0% | |
| Net margin | — | — | — | — | 0.0% | 0.0% | |
| Current ratio | — | — | — | — | 1.01x | 1.01x | |
| Interest cover | — | — | — | — | 4.46x | 2.27x |
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 1 time since incorporation
- WE CONTRACTING LTD 2015-04-09 → present
- EVOLUTION CONSTRUCTION (UK) LIMITED 2013-08-02 → 2015-04-09
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 director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The business has had an excellent 2024 and continues to grow. After a more difficult 2023 the new clients secured at the end of 2023, coupled with new additions throughout 2024 and growth within the existing client base has led to an increase in turnover of 22% from £67.9M in 2023 to £83.2M in 2024.”
- “The investment into new modern payroll software in 2023 has reaped dividend in 2024, allowing us to increase our client base without the additional staffing overheads.”
- “The most recent renewal was successfully achieved in February 2025. To add to this, we are now an established SafeRec member - a payslip auditing service providing weekly reports to agencies and workers to confirm payslip calculations and deductions are compliant with relevant laws and regulations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAXENDALE, Richard | Director | 2016-11-14 | Feb 1980 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILDE, David Peter | Director | 2013-08-02 | 2017-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Peter Wilde | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-trust, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50%, voting-rights-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-firm, Appoints directors | 2016-08-02 | Active |
| Mr Richard Baxendale | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-trust, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50%, voting-rights-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-firm, Appoints directors | 2016-08-02 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-18 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | AA | accounts | Accounts with accounts type full | |
| 2022-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-02-10 | AA01 | accounts | Change account reference date company previous extended | |
| 2021-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-02-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-02-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-04-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-04-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2018-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.