M. Wright & Sons Limited in Loughborough, LE12 8FZ

Description

Data updated on: 01-11-2023

Located at Quorn Mills, Loughborough LE12 8FZ M. Wright & Sons Limited is categorised as a Private Limited Company with 04105474 Companies House Reg No. It's been founded 24 years ago. This firm started under the name Gavco 233, but for the last 23 years has been on the market under the name M. Wright & Sons Limited. This company's SIC and NACE codes are 13960 and their NACE code stands for Manufacture of other technical and industrial textiles. The business most recent annual accounts detail the period up to 2022-12-02 and the latest confirmation statement was filed on 2022-10-30.

The directors currently registered by this business include: Marie C. designated to this position on 2009-04-01, Charles M. designated to this position in 2008 in May, Graham F. designated to this position eighteen years ago and George W.. To support the directors in their duties, the abovementioned business has been utilizing the skills of Marie C. as a secretary since April 2009.

George W. is the individual with significant control over this firm, owns 1/2 or less of company shares.

Previous company's names
M. Wright & Sons Limited 2001-04-02
Gavco 233 Limited 2000-11-10

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-11-29	2020-11-27	2021-11-26	2022-12-02
Currency

Balance Sheet
Cash Bank On Hand	1 206 191	1 432 547	1 351 313	901 737
Current Assets	4 587 016	4 166 417	4 050 955	4 076 335
Debtors	1 032 493	516 536	914 685	1 160 591
Net Assets Liabilities	5 362 767	4 892 277	4 640 634	4 587 136
Property Plant Equipment	1 573 657	1 576 089	1 613 423	1 559 672
Total Inventories	2 248 332	2 217 334	1 784 957	2 014 007

Other Financial Data
Audit Fees Expenses	14 698	14 041	14 646	14 751
Accrued Liabilities Deferred Income	45 770	62 555	52 541	48 148
Accumulated Depreciation Impairment Property Plant Equipment	2 322 355	2 406 082	2 471 125	2 551 597
Additions Other Than Through Business Combinations Property Plant Equipment		16 159		26 721
Administration Support Average Number Employees	10	11	10	10
Administrative Expenses	1 857 033	1 443 325	1 302 959	1 402 205
Amounts Owed By Other Related Parties Other Than Directors		14 400	1 005	187
Amounts Owed To Group Undertakings	20 000	20 000	20 000	20 000
Applicable Tax Rate	19	19	19	19
Average Number Employees During Period	59	59	48	49
Bank Borrowings		325 000	319 583	254 583
Bank Borrowings Overdrafts		314 167	254 583	189 583
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	318 325	316 264	311 081	309 020
Cash Cash Equivalents Cash Flow Value	1 206 191	1 432 547	1 351 313	901 737
Cash Inflow Outflow From Debt Financing		325 000		65 000
Cash Inflow Outflow From Management Liquid Resources				449 576
Comprehensive Income Expense	65 344	-470 490	-251 643	-53 498
Corporation Tax Recoverable	25 616	40 299	26 879	7 416
Cost Sales	3 173 752	2 514 028	2 731 894	3 040 306
Creditors	712 578	314 167	295 721	203 483
Current Asset Investments	100 000
Current Tax For Period	-25 616	-14 682	-12 196	-7 416
Deferred Tax Asset Debtors		31 725	137 306	162 058
Deferred Tax Assets		-31 725
Deferred Tax Expense Credit Recognised In Equity	950	13 299	20 277
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-6 849	-130 352	-125 858	-24 752
Deferred Tax Liabilities	85 328
Depreciation Expense Property Plant Equipment	4 512	83 727	69 833	71 514
Depreciation Impairment Expense Property Plant Equipment	94 436	83 727	78 791	80 472
Distribution Costs	57 892	44 085	63 245	95 898
Finance Lease Liabilities Present Value Total	12 582		67 644	41 138
Finance Lease Payments Owing Minimum Gross	12 582		67 644	41 138
Finished Goods Goods For Resale	420 648	428 808	296 056	249 519
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities		-325 000	5 417	65 000
Further Item Tax Increase Decrease Component Adjusting Items			-51 154	-143
Future Minimum Lease Payments Under Non-cancellable Operating Leases	32 375	15 659	6 834	28 283
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-23 216	-8 847	10 630	47 178
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	268 576	174 767	-111 288	-116 633
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	151 098	562 364	305 988	240 617
Gain Loss In Cash Flows From Change In Inventories	-686 203	30 998	-432 377	229 050
Gain Loss On Disposals Property Plant Equipment			10 113
Gain Loss On Reclassification Cash Flow Hedges To Profit Or Loss From Equity Before Tax	-950	-13 299	-20 277
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income	5 000	70 000	10 000
Government Grant Income	262 615	293 210	63 462	6 830
Gross Profit Loss	1 651 607	495 833	863 794	1 287 810
Income From Related Parties	24 000	24 000	6 000	3 000
Income Taxes Paid Refund Classified As Operating Activities	10 699		25 616	26 879
Income Tax Expense Credit On Components Other Comprehensive Income	950	13 299	20 277
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	826 273	-226 356	81 234	449 576
Increase Decrease In Depreciation Impairment Property Plant Equipment	4 512
Increase Decrease In Net Debt From Cash Flows				358 070
Increase Decrease In Net Debt In Period		86 062
Increase Decrease In Net Deferred Tax Liability From Amount Recognised In Other Comprehensive Income		13 299
Increase Decrease In Net Deferred Tax Liability From Amount Recognised In Profit Or Loss		130 352		24 752
Increase From Depreciation Charge For Year Property Plant Equipment		83 727	8 958	80 472
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			585	9 109
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	1 173	977		1 138
Interest Income	5 983	2 397	1 273	5 078
Interest Income On Bank Deposits	5 983	2 397	1 273	5 078
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	5 983	2 397	1 273	5 078
Interest Paid Classified As Operating Activities			-585	-10 247
Interest Payable Similar Charges Finance Costs	1 173	977	585	10 247
Interest Received Classified As Investing Activities	-5 983	-2 397	-1 273	-5 078
Investments	100 000
Investments In Group Undertakings				1
Investments In Subsidiaries		1
Net Cash Flows From Used In Financing Activities	15 098	-312 418	18 393	91 506
Net Cash Flows From Used In Investing Activities	135 475	-86 238	14 119	21 643
Net Cash Flows From Used In Operating Activities	675 700	172 300	48 722	336 427
Net Cash Generated From Operations	685 226	171 323	73 753	353 059
Net Current Assets Liabilities	3 874 438	3 630 355	3 322 932	3 230 947
Net Debt Funds	1 193 609	1 107 547	964 086	606 016
Net Deferred Tax Liability Asset	85 328	-31 725	137 306	162 058
Net Finance Income Costs	5 983	2 397	1 273	5 078
Net Interest Paid Received Classified As Operating Activities	-1 173	-977
New Finance Leases		12 582		26 506
Number Shares Issued Fully Paid		800		800
Operating Profit Loss	24 019	-673 645	-380 108	-80 497
Other Comprehensive Income Expense Before Tax	4 050	56 701	-10 277
Other Creditors	290 486	78 505	76 370	52 872
Other Interest Receivable Similar Income Finance Income	5 983	2 397	1 273	5 078
Other Operating Income Format1	287 337	317 932	122 302	129 796
Other Taxation Social Security Payable	96 881	47 403	55 250	79 527
Par Value Share		1		1
Payments Finance Lease Liabilities Classified As Financing Activities	-15 098	-12 582	-12 976	-26 506
Pension Costs Defined Contribution Plan	141 011	131 562	131 562	105 906
Pension Other Post-employment Benefit Costs Other Pension Costs			105 906	104 484
Percentage Class Share Held In Subsidiary		100		100
Prepayments Accrued Income	40 832	20 010	18 196	12 434
Proceeds From Sales Or Maturity Financial Assets Other Than Trading Investments	100 000	-100 000
Proceeds From Sales Property Plant Equipment			-23 550
Production Average Number Employees	48	47	37	38
Profit Loss	61 294	-527 191	-241 366	-53 498
Profit Loss On Ordinary Activities Before Tax	28 829	-672 225	-379 420	-85 666
Property Plant Equipment Gross Cost	3 896 012	3 982 171	4 084 548	4 111 269
Purchase Property Plant Equipment	-41 458	-16 159	-38 942	-26 721
Raw Materials Consumables	1 453 707	1 263 216	1 080 268	1 272 056
Redundancy Costs		38 337
Research Development Expense Recognised In Profit Or Loss	389 306	198 920	213 619	225 965
Revenue From Sale Goods	4 825 359	3 009 861	3 595 688	4 328 116
Sales Marketing Distribution Average Number Employees	1	1	1	1
Social Security Costs	174 951	140 298	125 529	148 640
Staff Costs Employee Benefits Expense	2 113 908	1 790 198	1 566 047	1 760 101
Taxation Including Deferred Taxation Balance Sheet Subtotal	85 328
Tax Expense Credit Applicable Tax Rate	-5 478	127 723	72 090	16 277
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-38 306	-17 651	-15 354	-10 017
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	363	340	1 062	210
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-32 465	-145 034	-138 054	-32 168
Total Assets Less Current Liabilities	5 448 095	5 206 444	4 936 355	4 790 619
Total Borrowings		314 167	254 583	189 583
Total Increase Decrease From Revaluations Property Plant Equipment		70 000
Total Operating Lease Payments	20 213	17 098	15 395	9 831
Trade Creditors Trade Payables	246 859	316 766	432 356	552 603
Trade Debtors Trade Receivables	966 045	424 502	732 304	978 683
Transfers To From Retained Earnings Increase Decrease In Equity	2 061	-2 061	3 426	2 061
Turnover Revenue	4 825 359	3 009 861	3 595 688	4 328 116
Wages Salaries	1 797 946	1 518 338	1 334 612	1 506 977
Work In Progress	373 977	525 310	408 633	492 432
Company Contributions To Defined Benefit Plans Directors	56 562	46 147	27 765	24 607
Director Remuneration	415 950	293 874	234 542	210 059
Director Remuneration Benefits Excluding Payments To Third Parties			262 307	234 666
Director Remuneration Benefits Including Payments To Third Parties	472 512	340 021
Number Directors Accruing Retirement Benefits	3	3	3	2