WADE SPRING LIMITED
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Cash
£141K
lowest in 3 filed years
Net assets
£2.2M
lowest in 3 filed years
Employees
57
lowest in 3 filed years
Profit before tax
-£490K
Period ending 2025-09-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-28
| Metric | Trend | 2023-09-29 | 2024-09-28 | 2025-09-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £6,820,557 | £5,288,384 | £4,728,877 | — | |
| Operating profit | £90,353 | -£695,414 | -£480,939 | — | |
| Profit before tax | £84,211 | -£701,987 | -£490,152 | — | |
| Net profit | £84,211 | -£701,987 | -£490,152 | — | |
| Cash | £407,136 | £152,308 | £141,202 | — | |
| Total assets less current liabilities | £7,828,637 | £2,757,898 | £2,247,746 | — | |
| Net assets | £7,772,790 | £2,737,898 | £2,247,746 | — | |
| Equity | £7,772,790 | £2,737,898 | £2,247,746 | — | |
| Average employees | 68 | 65 | 57 | — | |
| Wages | £1,826,908 | £1,827,786 | £1,653,708 | — | |
| Directors' remuneration | £142,164 | £221,834 | £138,533 | — |
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 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-29 | 2024-09-28 | 2025-09-28 |
|---|---|---|---|---|
| Operating margin | 1.3% | -13.1% | -10.2% | |
| Net margin | 1.2% | -13.3% | -10.4% | |
| Return on capital employed | 1.2% | -25.2% | -21.4% | |
| Gearing (liabilities / total assets) | 45.8% | 19.0% | 21.8% | |
| Current ratio | 2.03x | 3.93x | 3.23x | |
| Interest cover | 14.71x | — | -52.20x |
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.
Name history
Renamed 2 times since incorporation
- WADE SPRING LIMITED 2007-03-19 → present
- ELSON & ROBBINS LIMITED 1992-10-12 → 2007-03-19
- FORAY 476 LIMITED 1992-09-04 → 1992-10-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Mabe Allen LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that this company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The industry and company have been impacted by the prolonged period of economic uncertainty and inflationary factors which have had a significant effect on the market and reduced order levels in the industry. Poorer market conditions are expected to continue whilst high interest rates and limitations on customer spending remain.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWN, Carl | Director | 2020-06-30 | May 1969 | British |
| HOLLINS, Stephen Charles, Mr. | Director | 2022-12-21 | Sep 1966 | British |
| WADE, Daniel Anthony Lampugh, Mr. | Director | 2018-04-27 | Nov 1976 | English |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARPENTER, Andrew John | Secretary | 1992-09-04 | 1992-09-28 |
| HIGTON, John Anthony | Secretary | 1992-09-28 | 2024-09-30 |
| BANASIK, Andrew | Director | 1993-01-04 | 1997-09-18 |
| CARPENTER, Andrew John | Director | 1992-09-04 | 1992-09-28 |
| CHILTON, Micheal | Director | 1995-01-02 | 2006-10-06 |
| DAVIES, Jeffrey Thomas | Director | 1993-01-04 | 1994-03-31 |
| DOXEY, Stuart Graham | Director | 1995-01-02 | 2002-11-08 |
| GRAINGER, Stephen | Director | 2005-10-01 | 2023-12-21 |
| HIGTON, John Anthony | Director | 1992-09-28 | 2024-09-30 |
| HYDE, Stephen John | Director | 1993-10-01 | 1995-01-09 |
| LAWTHER, Alex James | Director | 1993-04-01 | 1993-08-14 |
| NIGHTINGALE, Charles Thomas Colin | Director | 1993-01-04 | 2013-04-30 |
| PRENTICE, John Eric | Director | 1992-09-28 | 2001-05-31 |
| WADE, Charles Colin | Director | 1992-09-28 | 2018-04-27 |
| WHITWORTH, Ian James | Director | 1993-01-04 | 2018-03-31 |
| WILD, David William | Director | 1992-09-04 | 1992-09-28 |
| WINTER, Brian Andrew | Director | 2000-04-03 | 2018-12-31 |
| WOODCOCK, Christopher Charles | Director | 1993-01-04 | 2020-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wade Furniture Group Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2026-02-10 | Active |
| Mr. Daniel Anthony Lamplugh Wade | Individual | Shares 75–100% | 2018-04-27 | Ceased 2026-02-10 |
| Mr Charles Colin Wade | Individual | Shares 75–100% | 2016-04-06 | Ceased 2018-04-27 |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-09 | AA | accounts | Accounts with accounts type full | |
| 2026-02-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-11 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-27 | AA | accounts | Accounts with accounts type full | |
| 2022-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2021-09-08 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.