The directors present the strategic report for the year ended 31 December 2025.
During the year, The Cabling Group Limited (the 'parent company') purchased the remaining shares of The Workplace Technology Group Limited (based in Dublin, Ireland). As a result, these accounts are now presented for the consolidated group of companies (the ‘group’).
The group has generated revenue during the year of £22.4m (2024: £18.2m), and a profit before tax of £235,703 (2024: loss before tax of £186,405).
The results of the parent company only are revenue of £22m (2024: £18.2m) and profit before tax of £808,217 (2024: loss before tax of £186,405).
The directors believe that the 2025 operating profits continued to be impacted by the demise of ISG, particularly in the first half of the year. This has recovered in the second half of 2025 and 2026 appears to have returned to expected levels.
The group primarily offers design, supply, installation, support, and maintenance of passive structured cabling systems. The development of technology, particularly within commercial buildings, and the ever-increasing importance of the client network, has presented the opportunity for a series of exciting investments across a broad range of workplace technology solutions.
With the addition of the European company the group is also well positioned to deliver these services across Europe and the rest of the world.
For the foreseeable future, the group will continue to invest in workplace technology solutions, with a focus on scaling customer base and services provided. Technology systems continue to dominate office space design, and the group's role in the design and deployment of these systems has led to some outstanding customers with a focus on stable recurring revenue.
The group is committed to reviewing risks to its business on an ongoing basis, including the potential effects of market and industry changes. The directors are responsible for this review, and have implemented a number of controls to mitigate potential risks to the group.
The principal risks and uncertainties facing the group are identified as follows:
Market risk
The group’s services and profitability may be affected by a future economic downturn that results in reductions in spending in the wider construction industry.
The directors are aware of this risk, particularly with the current ever changing financial climate, however they endeavour to mitigate this risk by maintaining a diverse client portfolio and focusing on building long lasting client relationships. The directors believe that the group is as well placed as it can be to combat future changes to spending within the construction industry.
Dependence on key technical personnel
The future success of the group will be driven by its key technical personnel in providing services to its wider client base. Therefore, the directors consider a principal risk to be the loss of its key personnel, and the retention of these individuals is an important objective of the group through having competitive remuneration policies.
Liquidity risk
The directors manage liquidity risk by ensuring that the group has sufficient cash resources to meet liabilities as they fall due without causing any undue financial strain on the business. To achieve this, the directors monitor the group’s cash position on a regular basis to ensure that the group maintains adequate working capital.
The parent company has no debt but has recently agreed a credit facility to assist with any unforeseen short term liquidity challenges arising from the continued growth of the business.
Credit risk
The directors consider the primary credit risk to arise from the non-payment of fees due, as well as the potential default of material debtors or the failure of the group’s bank that holds its cash balances on deposit. The directors attempt to minimise this risk by monitoring its cash flow of fees due and the directors consider the risk of default to be low. Cash deposits are held at a major international banking group with substantial strength, therefore not exposing the group to material credit risk exposure.
The directors use a range of key performance indicators to measure and monitor the business on an ongoing basis.
One of the primary key performance indicators used by the directors is gross profit margin. During the year, the group achieved a gross profit of £4.3m with a gross profit margin of 19% (2024: £4.0m and 22%).
The group also monitors the forward order book and 2026 started with another record high and a significant pipeline.
In June 2026, the parent company was acquired by The Workplace Technology Holdings Limited, based in the United Kingdom, as part of a wider restructure.
The new structure creates a single, integrated delivery model for organisations seeking multi-technology workplace, infrastructure and data centre solutions globally.
The Workplace Technology Holdings group now operates through five specialist companies:
The Cabling Group Limited
The Audio Visual Group Limited
The Enterprise Security Group Limited
The Data Centre Group Limited
The Networking Group Limited
Together, these companies deliver integrated services across Passive IT Infrastructure, Audio Visual, Physical Security, Active Networking and Data Centre solutions.
The directors are confident this structure will align the businesses to build on the historic platform and success, and drive the future growth together.
On behalf of the board
The directors present their annual report and financial statements for the year ended 31 December 2025.
The results for the year are set out on page 8.
Ordinary dividends were paid amounting to £140,000. The directors do not recommend payment of a further dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
The auditor, TC Group, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
During the year, the group made charitable contributions totalling £14,879 (2024: £16,929).
We have audited the financial statements of The Cabling Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group income statement, the group statement of comprehensive income, the group statement of financial position, the company statement of financial position, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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).
Basis for opinion
Conclusions relating to going concern
Other information
Opinions on other matters prescribed by the Companies Act 2006
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.
Our approach was as follows:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and group and determined that the most significant are those that relate to the reporting framework (FRS 102, the Companies Act 2006), the relevant direct and indirect tax compliance regulation in the United Kingdom and health and safety legislation.
We understood how the company and group is complying with those frameworks by making enquiries of management and seeking representations from those charged with governance. We corroborated our understanding by reviewing supporting documentation.
We assessed the susceptibility of the company and group's financial statements to material misstatement, including how fraud might occur by considering the risk of management override of internal control and by designating revenue recognition as a fraud risk. We performed journal entry testing by specific risk criteria, with a focus on journals indicating large or unusual transactions based on our understanding of the business. We tested completeness of income through substantive tests performed, analytical review procedures and cut off tests on the revenue recognised.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved enquiries of management and those charged with governance and a review of legal and professional expenses.
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
For construction companies, there are judgements in assessing the contract revenues, stage of completion, final expected margins and assessment of loss- making contracts. We therefore consider this to be a higher risk area for fraud due to the potential for management bias.
To respond to the above potential risk of fraud, our audit procedures included:
Assessing the relevant controls over the revenue invoicing and work in progress calculations for contract customers.
Reviewing a sample of the client’s on-going contracts to ensure the stage of completion method methodology had been correctly applied.
Re-performing the key calculations behind the profit margins or loss provisions applied.
Assessing and challenging the most significant contract positions and the judgements adopted by management to recognise revenue, costs and the profits or losses.
Evaluating the financial performance of contracts against future and past estimates.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our 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 auditor's 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.
As permitted by s408 Companies Act 2006, the company has not presented its own income statement and related notes. The company’s profit for the year was £715,048 (2024: £200,663 loss).
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
The Cabling Group Limited (the 'company') is a private company limited by shares incorporated in England and Wales. The main place of business is 65 Leadenhall Street, London, EC3A 2AD.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in pound sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound sterling.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The consolidated group financial statements consist of the financial statements of the parent company The Cabling Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
Associates are entities over which the group has significant influence and which are neither subsidiaries nor joint ventures. Investments in associates are accounted for using the equity method whereby the investment is initially recognised at cost and subsequently adjusted to reflect the group's share of the associate's post-acquisition profits or losses.
All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions and balances between group companies are eliminated on consolidation.
These are the first consolidated financial statements prepared by the group. Opening consolidated reserves have been established by combining the assets, liabilities and results of the parent undertaking and its subsidiaries in accordance with FRS102. As part of this process, the group recognised its share of accumulated post-acquisition profits relating to an entity previously accounted for as an associate. The resulting adjustment has been recognised within opening retained earnings.
The comparative figures for the previous financial year relate to the company only and are therefore not directly comparable to the current year consolidated financial statements.
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue represents amounts receivable for goods and services net of VAT and trade discounts.
Construction contracts
Revenue from construction contracts includes amounts initially agreed in the contract plus any variations in contract work to the extent that it is probable that the variation will result in revenue that can be reliably measured.
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the reporting date. Normally the reference to the amount of work performed is carried out by a third party surveyor and a valuation certificate is received. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is immediately recognised as an expense in the income statement.
Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as an expense in the period in which they are incurred and contract revenue is recognised to the extent of the contract costs incurred, where it is probable that they will be recoverable.
The “percentage of completion method” is used to determine the appropriate amount of profit to recognise in a given period. The stage of completion is measured by the proportion of contract revenue completed to date, which is certified by a third party surveyor, as a percentage of the estimated total revenue for the project.
As is standard industry practice, included within revenue are retentions that cannot be invoiced until project completion. The retained amounts are based upon a pre-agreed percentage. The unbillable amounts are recognised as the work is performed and included in debtors. Where completion is not expected within 12 months of the balance sheet date, these amounts are recorded within debtors falling due after one year.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.
Interests in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's statement of financial position when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
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 group after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
The company has issued share options that can only be exercised upon the fulfilment of a non-market vesting condition. As a result, the associated expense is recognised only when it is deemed probable that the non-market vesting condition will be met and when the timing of such fulfilment can be reliably estimated. At the reporting date, the directors do not believe that such conditions can be reliably estimated, and consequently, no expense has been recognised.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
Transactions in currencies other than pound sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the income statement.
Exceptional items
Exceptional items are material items of income or expense that arise from events or transactions that fall within the ordinary activities of the entity but are unusual in size or nature. These items are disclosed separately on the face of the statement of comprehensive income and in the notes to the financial statements to provide a better understanding of the entity’s financial performance. The classification of an item as exceptional is determined by management based on its nature, size, and incidence.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year are addressed below.
Recognition of revenue and profit is based on judgements made in respect of the ultimate profitability of a contract. Such judgements are arrived at through the use of estimates in relation to costs and value of work performed to date and to be performed in bringing contracts to completion, including rectification of snagging issues. These estimates are made by reference to recovery of pre-contract costs, surveys of progress against the construction programme, changes in work scope, the contractual terms under which the work is being performed, including the recoverability of any unagreed income from variations and the likely outcome of discussions on claims, costs incurred and external certification of the work performed. The company has appropriate control procedures to ensure all estimates are determined on a consistent basis and subject to appropriate review and authorisation.
During the year the group obtained control of its subsidiary following the acquisition of an additional equity interest. Management exercised judgement in determining the acquisition-date fair value of the previously held interest and the fair values assigned to identifiable assets and liabilities acquired.
During the prior financial year, the group recognised an exceptional charge of £1,261,545. The group incurred a material loss arising from the collapse of ISG Fit Out Limited, who entered administration in September 2024, resulting in the following financial impact:
Trade receivables impairment: £1,211,545 provision due to non-recoverable balances.
Legal and administrative expenditure: £50,000 in connection with recovery efforts and contractual matters.
This event had a material impact on the company’s financial performance and is considered exceptional due to its size, nature, and infrequency. These items have been presented separately in the statement of comprehensive income in accordance with FRS 102 Section 5.9, which requires disclosure of material items that are unusual or infrequent in nature to ensure the financial statements give a true and fair view. Management has assessed the impact of this event and concluded that it does not indicate broader credit risk exposure across the customer base. No further impairments have been identified.
The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
Details of the company's subsidiaries at 31 December 2025 are as follows:
The registered office of The Workplace Technology Group Limited is 1st Floor, The Liffey Trust Centre, 117-126 Sheriff Street Upper, D01 YC43.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
Barclays Bank PLC holds fixed and floating charges over the assets of the company for £400,000. Interest is charged at a floating rate with the base margin at 3.06%. The loan is being repaid over a five year period ending in 2026.
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
The shares granted to the employees under the share scheme are 0.01p ordinary shares, therefore the nominal value of the shares is £5.80.
As at 31 December 2025, the company has not recognised an equity share based payment expense.
During the prior year the group repurchased 37,500 ordinary shares with a nominal value of £3.75 for a total consideration of £202,500. The 37,500 shares have been cancelled after the purchase from the shareholder.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
On 14 May 2025, the group acquired the remaining 70% of the equity and voting rights of The Workplace Technology Group Limited, a construction and fit-out subcontractor business domiciled in Ireland, thereby obtaining control. Prior to the acquisition, the group held a 30% interest in The Workplace Technology Group Limited and accounted for its investment as an associate. Following the acquisition, the group obtained control of the company and has consolidated the results of the company from the acquisition date.
The fair value of the group's previously held 30% interest at the acquisition date was £290,814. This formed part of the consideration transferred in accordance with the requirements for business combinations achieved in stages. Goodwill of £254,835 arising on acquisition represents the expected future economic benefits arising from the acquired business, including anticipated synergies, workforce expertise and future earning potential, which do not qualify for separate recognition.
From the date of acquisition to 31 December 2025, The Workplace Technology Limited contributed revenue of £511,708 and a profit after taxation of £177,941 to the group's results.
Subsequent to the year end, a contract became loss-making due to circumstances arising after the reporting date. Management have assessed the underlying factors contributing to the loss and concluded that the conditions giving rise to the loss did not exist at the year end. Accordingly, this has been assessed as a non-adjusting event and no adjustment has been made to these financial statements.
On 11 June 2026, a group reorganisation was completed whereby entities previously under the common control of the group's controlling party were brought together under a newly incorporated holding company, which is controlled by the same party. As the reorganisation occurred after the reporting date and did not relate to conditions existing at that date, it has been treated as a non-adjusting event, with no adjustment made to these financial statements.
Transactions with entities under common control
During the year the group had the following transactions with entities under common control:
i) The group charged management fees of £1,226,879 (2024: £458,983). At the year end £403,005 was outstanding in relation to this charge (2024: £Nil).
(ii) The group was charged management fees of £927,856 (2024: £Nil). At the year end, £567,986 was outstanding in relation to this charge, of which £26,703 was included within accruals.
iii) The group generated revenue from these entities of £11,700 (2024: £661,326). At the year end, £7,695 was outstanding in relation to this revenue (2024: £156,826).
iv) The group entered into a profit share arrangement in the current year under which it was entitled to a share of profits generated from contracts secured as a result of the group’s standing and reputation within the industry. Revenue of £921,093 (2024: £Nil) was generated from this arrangement, of which £271,381 remained outstanding at the year end (2024: £Nil).
v) The group purchased goods and fixed assets from these entities of £1,362,038 (2024: £532,957) and £Nil (2024: £53,260) respectively. At the year end, £99,836 was outstanding in relation to these purchases (2024: £83,632).
vi) The group sold fixed assets to these entities of £70,079 (2024: £Nil). No amounts were outstanding in relation to these sales at the year end.
vii) Included within other debtors is an amount of £40,000 relating to an interest-free loan advanced to these entities. The balance is unsecured, carries no interest, and is repayable on demand.
Transactions with entities over which the Group has significant influence
During the year the group had the following transactions with an entity in which it held a 30% interest at the time of the transactions:
i) The group charged management fees of £188,670 (2024: £355,001). No amounts were outstanding at the current or prior year.
ii) The group purchased goods from this entity of £Nil (2024: £22,400). At the year end, no amounts remained outstanding in relation to purchases (2024: £24,400).
iii) The group generated revenue from this entity of £Nil (2024: £91,855). At the prior year end, £54,683 was outstanding in respect of amounts invoiced to this entity.
Transactions with other related parties
During the year, £124,115 (2024: £140,183) was paid in remuneration to employees of the company who are members of a director's family.
During the year, the group made advances and provided credit to one of its directors. The movement on the director's loan account during the year was as follows: