FWM INVESTMENTS LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -1%

  £3,722,409 → £3,685,234

• Cash

  -13.5%

  £3,318,281 → £2,871,822

• Net assets

  -2.9%

  £8,598,031 → £8,347,790

• Employees

  +1.3%

  79 → 80

  highest in 5 filed years

• Operating profit

  -110.6%

  £484,264 → -£51,371

• Profit before tax

  -142.3%

  £407,660 → -£172,559

• Wages

  +10.6%

  £1,063,485 → £1,175,971

  highest in 4 filed years

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.

1. FWM INVESTMENTS LIMITED 2011-05-04 → present
2. BON-ACCORD TRADING CO LIMITED 1989-05-15 → 2011-05-04
3. PLOTWIDE LIMITED 1989-01-23 → 1989-05-15

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Hall Morrice LLP

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 and 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

1. FWM INVESTMENTS LIMITED · parent
   1. FWM Limited 81% · Scotland · Garden centre

Significant events

• “The group realised a pre-tax loss of £172,559 (2023 profit of £481,912). The fall in the profit to a loss is mainly due to the negative revaluation of a property in the year of £200,563, while in the prior year included a gain on the sale of an investment property of £456,879.”
• “The commercial property market in Aberdeenshire has weakened as a consequence of the challenges faced by both the energy sector and the impact of Covid-19.”
• “Turnover for the garden centre has increased by approximately 0.60% from £3,445,146 in 2023 to £3,465,660 in 2024.”
• “The rental income yield has decreased slightly in 2024 at 4% (2023: 5%) of the carrying value of investment properties. This is due to the sales of the property at Kirkhill Commercial Park, Aberdeen in the prior year and the new property purchased at Building 6 Westpoint remaining vacant.”
• “Turnover from regular trading activities decreased in 2024 to £219,574, which is a 21% fall from the 2023 figure of £277,263. When the gain on sale of the properties in the prior year is ignored, administration costs have increased by 12%.”

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.