POWER WHOLESALE LIMITED
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Cash
£327k
Latest balance sheet
Net assets
£6.2m
Equity attributable
Employees
41
Average over period
Profit before tax
-£317k
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
These financial statements are not prepared on a going concern basis for the reasons set out in that note.
-
Going-concern uncertainty disclosed
Net assets
6-year trend · vs Unclassified median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2024-01-31 | 2025-07-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £17,048,000 | £23,724,000 | £5,343,000 | — | |
| Operating profit | — | — | — | £1,715,000 | £1,610,000 | -£317,000 | — | |
| Profit before tax | — | — | — | £1,674,000 | £1,585,000 | -£317,000 | — | |
| Net profit | — | — | — | £1,266,000 | £1,169,000 | -£271,000 | — | |
| Cash | £33,083 | £12,791 | £58,704 | £55,000 | £360,000 | £327,000 | — | |
| Total assets less current liabilities | £3,371,107 | £4,163,401 | £4,694,184 | £5,621,000 | £6,630,000 | £6,339,000 | — | |
| Net assets | £2,640,154 | £3,002,326 | £3,732,689 | £5,521,000 | £6,504,000 | £6,214,000 | — | |
| Equity | £2,640,154 | £3,002,326 | £3,732,689 | £5,521,000 | £6,504,000 | £6,214,000 | — | |
| Average employees | 45 | 46 | 46 | 49 | 41 | 41 | — | |
| Wages | — | — | — | £1,269,000 | £2,159,000 | £584,000 | — | |
| Directors' remuneration | — | — | — | £32,000 | £15,000 | — | — | |
| Directors' pension contributions | £NaN | — | — | £105,275 | £154,396 | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 5 months versus 18 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2024-01-31 | 2025-07-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 10.1% | 6.8% | -5.9% | |
| Net margin | — | — | — | 7.4% | 4.9% | -5.1% | |
| Return on capital employed | — | — | — | 30.5% | 24.3% | -5.0% | |
| Gearing (liabilities / total assets) | 57.9% | 47.6% | 43.8% | 36.8% | 20.5% | 26.7% | |
| Current ratio | — | — | — | 2.34x | 4.48x | 3.46x | |
| Interest cover | — | — | — | 41.83x | 61.92x | — |
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
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“These financial statements are not prepared on a going concern basis for the reasons set out in that note.”
Significant events
- “On 1 January 2026, the trade and certain assets of Power Wholesale Limited were transferred to Edmundson Electrical Limited, a related party within the Marlowe Holdings Limited group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARMSTRONG, Benjamin James | Director | 2024-11-29 | Oct 1975 | British |
| WOOF, William Sones | Director | 2024-11-29 | May 1951 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Benjamin James | Secretary | 2024-11-29 | 2026-05-11 |
| CORNISH, Neil William | Secretary | 1998-02-09 | 2024-11-29 |
| MOSES, Isabel Maureen | Secretary | — | 1998-02-06 |
| CHRISTIE, Douglas Brash | Director | 2024-11-29 | 2026-05-11 |
| CORNISH, Ethel Winifred | Director | — | 1999-04-08 |
| CORNISH, Keith Victor | Director | 1999-06-02 | 2024-11-29 |
| CORNISH, Neil William | Director | 1996-05-08 | 2024-11-29 |
| CORNISH, Stephen | Director | 1999-06-02 | 2024-11-29 |
| CORNISH, Victor Albutt | Director | — | 1997-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Marlowe Holdings Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-11-29 | Active |
| Mr Neil William Cornish | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-01-27 |
| Mr Stephen Cornish | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-01-27 |
| Mr Keith Victor Cornish | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-01-26 |
Filing timeline
Last 20 of 177 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type full | |
| 2026-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-11 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-01 | AD02 | address | Change sail address company with old address new address | |
| 2025-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-30 | AD04 | address | Move registers to registered office company with new address | |
| 2025-04-09 | CH01 | officers | Change person director company with change date | |
| 2025-02-10 | AA01 | accounts | Change account reference date company current extended | |
| 2024-12-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-16 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-11 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.