How much does Wardrop Security Joinery Limited make?

Wardrop Security Joinery Limited reported revenue of £374k and a loss of £205k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Wardrop Security Joinery Limited have?

Wardrop Security Joinery Limited reported an average of 10 employees in the year to 31 Mar 2023.

Is Wardrop Security Joinery Limited profitable?

No — Wardrop Security Joinery Limited reported a loss of £205k in the year to 31 Mar 2023.

Company No. 06806222 · Incorporated 30 Jan 2009

Wardrop Security Joinery Limited

Registered name: WARDROP SECURITY JOINERY LIMITED

Part of Openview Group Limited group

Wardrop Security Joinery Limited made £374k revenue and a £205k loss in the year to 31 Mar 2023.

Wardrop Security Joinery Limited’s revenue fell 12% to £374k in the year to 31 Mar 2023, with a loss of £205k and 10 employees. The company is classified under “manufacture of other builders' carpentry and joinery” and is based in Essex; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 16230Manufacture of other builders' carpentry and joinery

Status: Liquidation
Location: Essex, East of England
Age: 17 yrs · since 2009
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2023

Key figures

Capital-light

Revenue

£374k

Growth ▼11.5%

Profit

−£205k

Growth —

Profit margin

−54.8%

Gross −3.9%

Employees

Change ▼9.1%

Profit / employee

−£20.5k

Revenue/employee £37.4k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£422k	£374k
Cost of sales	£391k	£388k
Gross profit	£30.9k	−£14.6k
Operating profit	−£140k	−£205k
Profit after tax	−£167k	−£205k
Profit (best available)	−£167k	−£205k
Employees (average)	11	10
Ratios
Profit margin	−39.6%	−54.8%
Gross margin	7.3%	−3.9%
Revenue per employee	£38.4k	£37.4k
Profit per employee	−£15.2k	−£20.5k
Growth (year on year)
Revenue growth	—	▼11.5%
Headcount growth	—	▼9.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£20.2k	£4.7k
Net assets	−£892k	−£1.1m
Fixed assets	£5.4k	£6k
Current assets	£156k	£160k
Debtors	£26.6k	£77.4k
Deferred income	£1.1k	£750
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −54.8%; Profit ÷ revenue.
Gross margin: −3.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £37.4k; Revenue ÷ average employees.
Profit per employee: −£20.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£1.1m
Cash at bank: ▼77%; Now £4.7k
Headcount: ▼9%; Now 10
Deferred income: ▼31%; Now £750
Fixed assets: ▲10%; Now £6k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Openview Group Limitedultimate parent75–100%
Wardrop Security Joinery Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (6)

Openview Security Solutions LimitedRev. £59.2m · Profit £2m
Camrasonic LimitedFigures not disclosed
Cartel Security Systems LimitedFigures not disclosed
Delaware Communications LimitedFigures not disclosed
Garndene Communication Systems LimitedFigures not disclosed
Openview Electrical Solutions LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit −£205k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.