WEDO DEVELOPMENTS LTD
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2026-11-08 (in 6mo)
Last made up 2025-10-25
Watchouts
None on the register
Cash
£691K
+1,371.3% highest in 5 filed years
Net assets
-£564K
-175.8% lowest in 5 filed years
Employees
3
0% vs 2023
Profit before tax
£3M
+130.8% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-10-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £33,428,255 | £40,554,969 | |
| Operating profit | — | — | — | — | £1,136,387 | £22,183,352 | |
| Profit before tax | — | — | — | — | £1,136,387 | £2,623,042 | |
| Net profit | — | — | — | — | £880,859 | -£1,283,071 | |
| Cash | £100 | — | £71,171 | £70,909 | £46,993 | £691,394 | |
| Total assets less current liabilities | — | £100 | £194,396 | — | £744,424 | -£564,094 | |
| Net assets | £100 | £100 | £194,396 | — | £744,424 | -£564,094 | |
| Equity | £100 | £100 | £194,396 | -£136,435 | £744,424 | -£564,094 | |
| Average employees | — | — | 1 | — | 3 | 3 | |
| Wages | — | — | — | — | £33,018 | £118,315 | |
| Directors' remuneration | — | — | — | — | — | £14,636 |
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
-
Turnover
+21.3%
£33,428,255 £40,554,969
-
Cash
+1,371.3%
£46,993 £691,394
highest in 5 filed years
-
Net assets
-175.8%
£744,424 -£564,094
lowest in 5 filed years
-
Employees
0%
3 3
-
Operating profit
+1,852.1%
£1,136,387 £22,183,352
-
Profit before tax
+130.8%
£1,136,387 £2,623,042
-
Wages
+258.3%
£33,018 £118,315
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 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 3.4% | 54.7% | |
| Net margin | — | — | — | — | 2.6% | -3.2% | |
| Return on capital employed | — | — | — | — | 152.7% | -3932.6% | |
| Current ratio | — | — | — | — | 1.00x | 0.99x | |
| Interest cover | — | — | — | — | — | 1.13x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- WEDO DEVELOPMENTS LTD · parent
- Venture Vanguard, UNIP. LDA 100%
- Wedo Developments Angola Branch
Significant events
- “During the year, the Group acquired two subsidiaries: Venture Vanguard, UNIP. LDA and Wedo Developments Angola Branch. As a result, these financial statements represent the first consolidated financial statements of the Group.”
- “At 31 October 2024, the Company had entered into an agreement to purchase the entire share capital of a subsidiary undertaking. Under the terms of the purchase agreement, if the Company defaults on completion or fails to fulfil certain contractual obligations, it may be required to pay a penalty amounting to 10% of the total purchase price.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APPLETON SECRETARIES LIMITED | Corporate Secretary | 2019-10-25 | — | — |
| ANTUNES, Antonio Henrique Marques | Director | 2023-09-14 | Jan 1956 | Portuguese |
| MARQUES VIEIRA DOS SANTOS, Pedro Miguel, Mr. | Director | 2019-10-25 | Aug 1971 | Portuguese |
| RICARDO MONTEIRO, Miguel, Mr. | Director | 2022-04-19 | Apr 1996 | Portuguese |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DE SOUSA FELGUEIRAS LOPES, Filipe Osorio, Mr. | Director | 2019-10-25 | 2023-09-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Antonio Henrique Marques Antunes | Individual | Shares 25–50% | 2023-09-14 | Active |
| Mr. Filipe Osorio De Sousa Felgueiras Lopes | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-10-25 | Ceased 2023-09-01 |
| Mr. Pedro Miguel Marques Vieira Dos Santos | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-10-25 | Active |
Filing timeline
Last 20 of 31 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-03 | AA | accounts | Accounts with accounts type group | |
| 2025-02-24 | AA | accounts | Accounts with accounts type full | |
| 2025-01-14 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-01-07 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-11 | AAMD | accounts | Accounts amended with accounts type small | |
| 2024-05-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-14 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-08 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.