FOR THE YEAR ENDED 31 JULY 2025
WILLIAMS SOUTHERN LIMITED
COMPANY INFORMATION
WILLIAMS SOUTHERN LIMITED
CONTENTS
WILLIAMS SOUTHERN LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025
Performance
The year ended 31 July 2025 was a consistent year in terms of the number of projects in progress at any one time. Careful planning and working closely with our clients in the pre-construction phase meant we were able to even out the peaks and troughs in workload, a factor in overall efficiency of the business.
The year ended 31 July 2025 was a consistent year in terms of the number of projects in progress at any one time. Careful planning and working closely with our clients in the pre-construction phase meant we were able to even out the peaks and troughs in workload, a factor in overall efficiency of the business.
Despite facing significant commercial challenges in recent years, such as soaring material and labour costs which impacted our gross profit margin, we have continued to successfully navigate these obstacles. By refocusing on our core business activities—ground works, petroleum, and EV—we've embraced larger, more intricate projects. The implementation of innovative digitised systems has notably enhanced our operational efficiency.
Since the successful completion of our inaugural all-electric forecourt in Autumn 2020, each year we have expanded this aspect of our business. We are currently engaged with multiple clients and workstreams within the EV charging sector, experiencing rapid growth. The EV sector now accounts for around a third of our turnover.
Our portfolio continues to encompass a diverse array of petroleum and retail-based projects for prominent clients, many of whom are renowned blue-chip companies or established private developers. We take immense pride in our unparalleled reputation as the 'go-to' contractor for challenging or complex projects in these sectors.
At the forefront of our priorities is the safety and well-being of all involved in our business activities. Despite facing the most demanding programmes, we consistently deliver projects with unwavering safety standards, maintaining our outstanding safety record. Through our robust integrated safety management system and digitised processes, we ensure adherence to policies and procedures, garnering exceptional scores in annual audits conducted by major oil companies.
Our team's dedication to safety has been recognised through numerous awards from clients throughout the year, a testament to their commendable efforts.
We are proud to have achieved BREEAM Excellent status on a 15k sq ft new build neighbour retail store for one of our longest standing clients.
We have continued to invest in enhancing our systems and processes and are now operating almost ‘paperless’ construction sites. The ongoing evolution of our integrated project management software has revolutionised the flow of information from site to head office.
Our success is driven by our highly skilled workforce, whom we believe to be among the industry's finest. We prioritise training, evident in our accreditation as a training provider for Safety Passport Alliance petrol retail modules. Our Site Managers, Contracts Managers, and safety team have been lauded by clients for their exemplary performance, particularly in safety and quality.
We remain steadfast in our commitment to environmental responsibility, collaborating with our clients, we actively work towards reducing carbon emissions, minimising plastic use, and promoting recycling initiatives.
Business environment & strategy
The construction sector in which we operate continues to see strong investment, in particular in the growing EV market.
The Company’s success is dependent on maintaining the high standard of product we deliver whilst remaining competitive and offering good overall value to our clients. We believe by working closely with our clients to develop new ideas and value engineered solutions, we can achieve this. This includes looking at alternative solutions to replace traditional fossil fuel infrastructure with electric vehicle charging stations and modern offerings to the food convenience stores on the high street.
The construction sector in which we operate continues to see strong investment, in particular in the growing EV market.
The Company’s success is dependent on maintaining the high standard of product we deliver whilst remaining competitive and offering good overall value to our clients. We believe by working closely with our clients to develop new ideas and value engineered solutions, we can achieve this. This includes looking at alternative solutions to replace traditional fossil fuel infrastructure with electric vehicle charging stations and modern offerings to the food convenience stores on the high street.
The Company will continue to consolidate its position and concentrate on growth within its existing market segments which includes adapting to the differing investment programmes of our clients. We aim to improve efficiency in all areas of our operations through cost reduction and reviewing our working practices on site.
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WILLIAMS SOUTHERN LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Health & Safety
The importance of health & safety is at the forefront of everything that we do in terms of our moral and legal duty and of course, the potential outcome of any breach. Mitigation of risk is therefore a priority and is carried out in many ways. Our proactive regime of training, both in house and through external specialist companies is based on formal annual analysis of training needs for each job function and each individual. All of our site managers hold the Site Management Safety Training Scheme qualification, and our Contracts Managers have been trained in the IOSH Managing Safely qualification. All members of site staff have achieved the minimum requirements under the CSCS certification scheme and are all working towards varying levels of the NVQ qualification. We have two key members of staff qualified with NEBOSH Construction Certificate and almost every member of site staff is a fully trained first aider, fire marshal and are all trained in asbestos awareness. We have and will continue to maintain our investment in training across the board. In addition to this, we employ the services of an external provider to assist in carrying out regular site safety audits to allow us to build up data, analyse trends and reduce the risk of an incident
Economic & market risks
The principal economic & market risk to the Company is the on-going change in consumer spending habits which has forced some of our clients to refocus their capital investment in other areas. Whilst this presents a risk to the availability of projects in our normal market segments, we are able to mitigate this with the opportunity to adapt into these other areas of client investment. As a business, we can change to suit the environment very quickly. We have a broad base of highly skilled construction staff, most of whom have been with us for many years. We have a reputation for delivering outstanding quality projects on time, within budget and without incident. This gives us a very high rate of repeat business as well as being able to build this reputation across new work-streams with new clients.
The importance of health & safety is at the forefront of everything that we do in terms of our moral and legal duty and of course, the potential outcome of any breach. Mitigation of risk is therefore a priority and is carried out in many ways. Our proactive regime of training, both in house and through external specialist companies is based on formal annual analysis of training needs for each job function and each individual. All of our site managers hold the Site Management Safety Training Scheme qualification, and our Contracts Managers have been trained in the IOSH Managing Safely qualification. All members of site staff have achieved the minimum requirements under the CSCS certification scheme and are all working towards varying levels of the NVQ qualification. We have two key members of staff qualified with NEBOSH Construction Certificate and almost every member of site staff is a fully trained first aider, fire marshal and are all trained in asbestos awareness. We have and will continue to maintain our investment in training across the board. In addition to this, we employ the services of an external provider to assist in carrying out regular site safety audits to allow us to build up data, analyse trends and reduce the risk of an incident
Economic & market risks
The principal economic & market risk to the Company is the on-going change in consumer spending habits which has forced some of our clients to refocus their capital investment in other areas. Whilst this presents a risk to the availability of projects in our normal market segments, we are able to mitigate this with the opportunity to adapt into these other areas of client investment. As a business, we can change to suit the environment very quickly. We have a broad base of highly skilled construction staff, most of whom have been with us for many years. We have a reputation for delivering outstanding quality projects on time, within budget and without incident. This gives us a very high rate of repeat business as well as being able to build this reputation across new work-streams with new clients.
As directors we use the following financial KPI’s to monitor the development and performance of the company.
Following an exceptional year in 2023, turnover in 2024 was reduced for a multitude of external factors, however 2025 saw the level of turnover return to around £40m which is our expected average norm.
We continually review our working practices to ensure we remain as efficient as possible without compromising safety or quality and this will continue.
This report was approved by the board and signed on its behalf.
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WILLIAMS SOUTHERN LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
The directors present their report and the financial statements for the year ended 31 July 2025.
The profit for the year, after taxation, amounted to £460,620 (2024: £278,896).
A dividend of £1,000,000 was paid during the financial year (2024: £600,000).
The directors who served during the year were:
During the year the Company made charitable contributions of £11,026 (2024: £5,523).
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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WILLIAMS SOUTHERN LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JULY 2025
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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WILLIAMS SOUTHERN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WILLIAMS SOUTHERN LIMITED
We have audited the financial statements of Williams Southern Limited (the 'Company') for the year ended 31 July 2025, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' 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 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.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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WILLIAMS SOUTHERN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WILLIAMS SOUTHERN LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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WILLIAMS SOUTHERN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WILLIAMS SOUTHERN LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙We have considered the nature of the industry and sector, control environment, and financial performance;
∙We have considered the results of enquiries with management and the directors in relation to their own identification and assessment of the risks of irregularities within the entity;
∙We have reviewed the documentation of key processes and controls and performed walkthroughs of transactions to confirm that the systems are operating in line with documentation; and
∙We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk in relation to revenue recognition, with a particular risk in relation to occurrence and year-end cut-off. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.
We have also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, FRS 102 and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or avoid a material penalty. These include health and safety regulations, data protection legislation, and employment law.
We have also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, FRS 102 and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or avoid a material penalty. These include health and safety regulations, data protection legislation, and employment law.
Our procedures to respond to risks identified included the following:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
∙Enquiring of management in relation to actual and potential claims or litigation;
∙Performing analytical procedures to identify unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
∙Review of board meeting minutes;
∙Performing detailed transactional testing in relation to the recognition of revenue with a particular focus around the year-end cut-off for incomplete long-term contracts; and
∙In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in accounting estimates are indicative of potential bias; and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business.
We also communicated identified laws and regulations and potential fraud risks to all members of the engagement team and remained alert to possible indicators of fraud or non-compliance with laws and regulations throughout the audit.
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WILLIAMS SOUTHERN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WILLIAMS SOUTHERN LIMITED (CONTINUED)
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Salt Quay House
4 North East Quay
Sutton Harbour
PL4 0BN
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WILLIAMS SOUTHERN LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JULY 2025
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WILLIAMS SOUTHERN LIMITED
REGISTERED NUMBER:02262602
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 11 to 21 form part of these financial statements.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Williams Southern Limited is a private company limited by shares, incorporated in England within the United Kingdom. The address of the registered office is given in the Company information page of these financial statements.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling which is the functional currency of the Company.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Williamsbuild Management Limited as at 31 July 2025 and these financial statements may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
The financial statements have been prepared on a going concern basis. The directors have considered the financial position of the Company, including its forecasts, projections, and available banking facilities, and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of approval of these financial statements.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
Revenue is recognised in the year in which the goods and services are supplied when all of the following conditions are satisfied:
Where the outcome of a long-term contract cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred if it is considered probable that these will be recovered.
Full provision is made for losses on contracts in the year in which they are first foreseen.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Valuation of incomplete contracts at the year-end: Contracts are valued (both in terms of cost and revenue) by the in house team of qualified Quantity Surveyors based on their experience in the industry and their knowledge of the contract in question.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
8.TAXATION (CONTINUED)
There were no factors that may affect future tax charges.
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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WILLIAMS SOUTHERN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Share premium account
Capital redemption reserve
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £153,281 (2024: £170,944). Contributions totaling £53,354 (2024: £72,832) were payable to the fund at the reporting date and are included in creditors.
The Company is under the control of Williamsbuild Management Limited by virtue of its 100% shareholding in the Company. The directors are of the opinion that there is no ultimate controlling party.
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