WESSEX RETAIL LIMITED
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Cash
£40k
+81.8% vs 2024
Net assets
-£12m
-22.2% lowest in 6 filed years
Employees
248
-39.2% vs 2024
Profit before tax
-£2.7m
+71.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
At year end, the Company is in a net liability position and as such has received a letter of financial support from BWG Group Unlimited Company undertaking to provide financial support to the Company for a period not less than twelve months from the date of these financial statements.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Staples median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-26
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-26 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £5,504,155 | £21,230,000 | £40,202,000 | £57,862,000 | £58,118,000 | £53,633,000 | -7.7% | |
| Operating profit | -£132,863 | £595,000 | £546,000 | £821,000 | -£8,758,000 | -£1,900,000 | +78.3% | |
| Profit before tax | -£204,862 | £292,000 | -£87,000 | -£29,000 | -£9,619,000 | -£2,724,000 | +71.7% | |
| Net profit | -£198,208 | £285,000 | -£87,000 | -£526,000 | -£9,618,000 | -£2,249,000 | +76.6% | |
| Cash | £847,466 | £1,262,000 | £195,000 | £632,000 | £22,000 | £40,000 | +81.8% | |
| Total assets less current liabilities | £4,370,880 | £9,412,000 | £18,023,000 | £19,682,000 | £9,382,000 | £5,937,000 | -36.7% | |
| Net assets | -£194,108 | £91,000 | £4,000 | -£522,000 | -£10,140,000 | -£12,389,000 | -22.2% | |
| Equity | -£194,108 | £91,000 | £4,000 | -£522,000 | -£10,140,000 | -£12,389,000 | -22.2% | |
| Average employees | 144 | 328 | 351 | 404 | 408 | 248 | -39.2% | |
| Wages | £760,062 | £3,073,000 | £5,151,000 | £7,493,000 | £8,393,000 | £8,166,000 | -2.7% | |
| Directors' remuneration | £237,500 | — | — | £0 | £0 | £0 | — |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-26 |
|---|---|---|---|---|---|---|---|
| Operating margin | -2.4% | 2.8% | 1.4% | 1.4% | -15.1% | -3.5% | |
| Net margin | -3.6% | 1.3% | -0.2% | -0.9% | -16.5% | -4.2% | |
| Return on capital employed | -3.0% | 6.3% | 3.0% | 4.2% | -93.3% | -32.0% | |
| Gearing (liabilities / total assets) | 102.2% | 99.5% | 100.0% | 101.4% | 137.4% | 150.8% | |
| Current ratio | — | — | — | 0.34x | 0.29x | 0.21x | |
| Interest cover | -1.85x | 1.96x | 0.86x | 0.96x | -10.12x | -2.30x |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“At year end, the Company is in a net liability position and as such has received a letter of financial support from BWG Group Unlimited Company undertaking to provide financial support to the Company for a period not less than twelve months from the date of these financial statements.”
Significant events
- “As of 28 March 2025, the Company met the criteria for classification as held for sale based on approved disposal plans, an active search for buyers, and the expectation that the sale will be completed within 12 months of classification.”
- “In May 2026, the Company, it's parent company, Appleby Westward Group Ltd, and it's fellow subsidiary, Gillett's (Callington) Ltd, entered into an asset purchase agreement with a third party for the sale of certain assets and stores. The disposal is being completed in phases between June and September 2026.”
- “In June 2026, Appleby Westward Group Ltd sold it's wholesale business, which was subsequently transferred to the purchaser. As of the reporting date, 41 retail stores owned by the Company and Gillett's (Callington) Ltd had also been sold and transferred to the purchaser.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANE, Jennifer | Secretary | 2019-12-31 | — | — |
| BOARDMAN, Michael Alan | Director | 2019-10-16 | Oct 1972 | British |
| KEANE, Aidan | Director | 2021-01-12 | Jul 1965 | Irish |
| KEOHANE, Joseph Gerard | Director | 2020-10-29 | Oct 1967 | Irish |
| MOANE, John | Director | 2025-01-02 | Jul 1964 | Irish |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KANE, Jennifer | Secretary | 2019-09-13 | 2019-10-16 |
| SWINDELLS, Nick | Secretary | 2019-10-16 | 2019-12-31 |
| CRAWFORD, Leo | Director | 2019-09-13 | 2021-01-12 |
| O'DONNELL, John | Director | 2019-09-13 | 2019-10-16 |
| START, Anthony Richard | Director | 2019-10-16 | 2020-10-09 |
| WILKINSON, Stephen William | Director | 2019-10-16 | 2020-10-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Appleby Westward Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-09-13 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-07-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-29 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-21 | AA | accounts | Accounts with accounts type full | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-21 | AA | accounts | Accounts with accounts type full | |
| 2022-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-22 | AA | accounts | Accounts with accounts type full | |
| 2021-09-22 | CS01 | confirmation-statement | Confirmation statement | |
| 2021-07-13 | AA | accounts | Accounts with accounts type full | |
| 2021-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2020-10-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.