WMGS EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-13 (in 1mo)
Last made up 2025-05-30
Watchouts
None on the register
Cash
£25M
USD 33,629,000
Latest balance sheet
Net assets
£74M
USD 98,598,000
Equity attributable
Employees
37
Average over period
Profit before tax
£124M
USD 166,329,000
Period ending 2024-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £100,143,530 | £121,988,488 | |
| Operating profit | £99,948,419 | £120,999,477 | |
| Profit before tax | £120,911,266 | £124,339,538 | |
| Net profit | £91,076,475 | £92,981,984 | |
| Cash | £93,914,929 | £25,139,418 | |
| Total assets less current liabilities | — | — | |
| Net assets | £507,749,122 | £73,707,109 | |
| Equity | £507,749,122 | £73,707,109 | |
| Average employees | 31 | 37 | |
| Wages | — | — | |
| Directors' remuneration | £636,914 | £615,983 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 99.8% | 99.2% | |
| Net margin | 90.9% | 76.2% | |
| Gearing (liabilities / total assets) | 0.2% | 4.1% | |
| Current ratio | 397.10x | 8.47x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing cash flow forecasts from ClarusONE Sourcing Services LLP, the Company is confident and expects to continuously receive a steady fair share of the profit distributions from ClarusONE every quarter. The Company also serves as Sourcing Hub for Walmart Sourcing division for package foods. Costs are reimbursed with a markup. In the event of the discontinuation of the ClarusONE profit distribution, the Company still generates sufficient cash to support the regular business activities. For the purpose of preparing the financial statements, the directors have defined their going concern period to 30 September 2026. The Company has adequate financial resources available to meet its obligations for the period to 30 September 2026. Accordingly, the directors believe that the Company will operate under the going concern basis and the financial statements are prepared as such.”
Group structure
- WMGS EUROPE LIMITED · parent
- ClarusONE Sourcing Services LLP 50%
Significant events
- “On 23 April 2025, the Company paid $50,000,000 in dividends to WMSA Investment Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2021-01-05 | — | — |
| ALLEN, Matthew | Director | 2019-09-01 | Feb 1976 | American |
| EATON, Helen Louise | Director | 2019-09-01 | Aug 1979 | British |
| STOCKS-WILSON, Paul Richard, Mr. | Director | 2024-03-28 | Apr 1976 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FASEY, James Edward | Director | 2022-05-01 | 2024-03-28 |
| HODGSON, Craig Phillip | Director | 2016-05-04 | 2019-08-31 |
| HURD, Alexander Howard | Director | 2019-04-30 | 2022-05-01 |
| MCDOWELL, John Caraway | Director | 2016-05-04 | 2019-08-31 |
| TACKER, Chase Nicholas | Director | 2017-03-17 | 2019-04-30 |
| TOMLINSON, Neil James | Director | 2016-05-19 | 2016-10-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wm Sa Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-04 | Active |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2025-11-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-08-18 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-08-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-05 | CH01 | officers | Change person director company with change date | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-23 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-15 | CH01 | officers | Change person director company with change date | |
| 2023-01-27 | AA | accounts | Accounts with accounts type full | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.