WIPAC TECHNOLOGY LIMITED

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

• Turnover

  +5%

  £39,986,164 → £41,993,043

• Cash

  +14.9%

  £4,311,815 → £4,955,783

• Net assets

  -3.5%

  £19,862,070 → £19,163,902

• Employees

  -6.4%

  329 → 308

• Operating profit

  -2,021.2%

  £36,762 → -£706,275

• Profit before tax

  -1,385.9%

  -£46,987 → -£698,168

• Wages

  +2.9%

  £11,386,274 → £11,719,874

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

TGFP

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 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. The Directors have taken account of these potential impacts in their going concern assessment. The Parent Company has confirmed their willingness to provide financial support as required for the Company to meet its liabilities as they fall due for a period of at least 12 months from the signing of the financial statements.”

Significant events

• “2025 is the sixth year following the acquisition of the business from the former owner. With the success in operation and projects launch delivery in 2024, customer confidence and reputation restored, and an ambitious budget was set that included multiple new business awards.”
• “General impacts seen in previous years around COVID-19 and semiconductor component supply have now very much stabilised with no material impact on Wipac or customer performance. But with the 'Nexperia Crisis' bring difficulties of components supplied from them which impacts both our customer and our sales in the 4th quarter.”
• “On 24 February 2022 Russian Forces entered Ukraine, resulting in Western Nation reactions including announcements of sanctions against Russia and Russian interests worldwide and an economic ripple effect on the global economy. The Directors have carried out an assessment of the potential impact of Russian Forces entering Ukraine on the business, including the impact of mitigation measures and uncertainties, and have concluded that this is a non-adjusting post balance sheet event with the greatest impact on the business expected to be from the economic ripple effect on the global economy.”
• “The main impact to Company performance was a reduction in planned sales because of USA tariffs, the weak economy globally and the push back of some project launches into the future by customers. In addition, within the current fiscal year, Wipac has also absorbed one-time costs relating to the management of the 'Nexperia Crisis' reducing profit further by £500,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.