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Registered number:
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
COMPANY INFORMATION
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HEWITSON GROUP LTD
CONTENTS
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HEWITSON GROUP LTD
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their strategic report and the financial statements for the year ended 31 March 2026.
The group has continued to expand steadily and remains on track with its performance targets, maintaining profit levels comparable to other businesses operating within the region.
It is consistently deepening its client relationships, with a significant proportion of its work coming from repeat business, while also cultivaitng partnerships with new customers. A strong pipeline of projects is scheduled for the year ahead, with sufficient capacity retained to accomodated smaller, short-notice assignments when required. Across 2026 and 2027, the group will continue to reinvest its earnings in new plant and machinery to boost operational capacity and improve efficiency-particularly in reducing CO2 emissions. In addition, the group continues to make substantial investments in training and mentoring younger key personnel to preserve expertise within the business and uphold its high service standards for future generations.
The two main risks to the businesses are economic risk and operational risk.
The economic risk is the macroeconomic risk brought about by rising energy, labour and raw material cost increases. This risk is mitigated by having strong cash reserves along with ensuring clear and flexible contracts, contingency planning and use of technology. The operational risk is the increasing compliance and planning delays which is increasing in the construction sector. This being mitigated by early engagement with planning authorities, a robust pre-application strategy and an emphasis of staff training and development in relation to streamlined documentation.
The group's key financial performance indicators for the year were:
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HEWITSON GROUP LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
In accordance with Section 172 of the Companies Act 2006, the directors confirm they have acted in a way they consider, in good faith, to promote the success of the Group for the benefit of its members as a whole. In doing so, the directors have had regard to the long-term consequences of decisions, the interests of employees, relationships with customers, suppliers and other stakeholders, the impact of the Group's activities on the community and environment, and the maintenance of high standards of business conduct.
The board considers these factors when making decisions to support the sustainable long-term success of the Group.
This report was approved by the board on 21 August 2026 and signed on its behalf.
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HEWITSON GROUP LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
The directors are responsible for preparing the group strategic report, the directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments 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 Group 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 the Group 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £4,356,322 (2025 - £3,950,056).
The total distribution of dividends for the year to 31 March 2026 will be £nil (2025: £nil)
The directors who served during the year were:
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HEWITSON GROUP LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The Group's greenhouse gas emissions and energy consumption for the year are:
Quantification and reporting methodology
The comapny reports scope 1 emissioms recorded quantities of deliveries during the period, converted to CO2e using the UK Government conversion factors for company reporting. Scope 2 emissions are provided by suppliers. Intensity measurement The intensity measurement ratio decided upon is gross emissions in metric tonnes of CO2e per £1m turnover. Measures taken to improve energy efficiency The group actively pursues operational efficiencies and embraces continuous improvement to reduce CO2 emissions and minimise waste. Initiatives include cutting down on empty transport journeys, investing in cutting-edge energy-efficient equipment, and strategically planning site activities to maximise machine productivity.
The auditors, Waltons Business Advisers Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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HEWITSON GROUP LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
This report was approved by the board on
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HEWITSON GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWITSON GROUP LTD
We have audited the financial statements of Hewitson Group LTD (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2026, which comprise the consolidated statement of comprehensive income, the consolidated analysis of net debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity 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 Group 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 Group's or the Parent 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.
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HEWITSON GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWITSON GROUP LTD (CONTINUED)
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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the group 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 group 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the group strategic report or the directors' report.
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HEWITSON GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWITSON GROUP LTD (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 Group 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 gained an understanding of the legal and regulatory framework applicable to the company and the area in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above 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. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing ournals, review of provisions and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. We identified the greatest potential for fraud in the following areas: existence and timing of recognition of income and the posting of unusual journals. We discussed these risks with management and designed audit procedures to test the timing and existence of revenue. We reviewed journals posted during the year and around the year end and around the year to look for potential “window dressing”.
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.
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HEWITSON GROUP LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HEWITSON GROUP LTD (CONTINUED)
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
Maritime House
Harbour Walk
The Marina
Teesside
TS24 0UX
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HEWITSON GROUP LTD
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
REGISTERED NUMBER: 10011832
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2026.
The notes on pages 18 to 35 form part of these financial statements.
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HEWITSON GROUP LTD
REGISTERED NUMBER: 10011832
COMPANY BALANCE SHEET
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 18 to 35 form part of these financial statements.
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HEWITSON GROUP LTD
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Hewitson Group Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number is 07136718, the registered office address is: Teesside Grange Eaglescliffe Stockton on Tees TS16 0QH
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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
At the time of approving the financial statements, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for at least the next twelve months.
The financial statements have been prepared under the going concern basis of accounting.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.ACCOUNTING POLICIES (continued)
Functional and presentation currency
Transactions and balances
Income is being recognised according to the stage of completion of work done. In the case of groundwork income this is determined using quantity surveying methods. The policies adopted for the recognition of revenue are as follows: Construction contracts When the outcome of individual contracts can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses by reference to the stage of completion at the reporting date. Sale of goods Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods or on completion of contracts. Rendering of services When the outcome of a transaction can be estimated reliably. Revenue from the hire of plant is recognised by reference to the period of hire at the balance sheet date. In the case of groundwork income this is determined using quantity surveying methods. Grants of a revenue nature are recognised in the consolidated statement of comprehensive income in the same period as the related expenditure.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.ACCOUNTING POLICIES (continued)
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.ACCOUNTING POLICIES (continued)
Land is not depreciated. Depreciation on other assets is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is shorter.
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.
Non-contracted work in progress is valued using the lower of cost and net realisable value.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.ACCOUNTING POLICIES (continued)
The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties. Significant judgements The judgements and key source of estimation uncertainty that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Long term contracts The director accounts for long term contracts using the stage of completion method as the contract progresses. This method requirements judgement which is based on their knowledge and experience, to accurately estimate the extent of progress towards contract completion and may involve estimates of total contract costs to completion, total revenues, contract risks and other judgements. The accounting estimates and assumptions are made concerning the future and by their nature, will rarely equal the related actual outcome.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
12.TAXATION (continued)
There were no factors that may affect future tax charges.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
13.TANGIBLE FIXED ASSETS (continued)
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Investment property is held at cost, the directors consider this to be the most accurate reflection of the fair value of the properties as at 31 March 2026. No formal valuation has taken place.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
There are no repayments due after five years of the balance sheet date.
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 33
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Profit and loss account
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HEWITSON GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
A multilateral guarantee exists between Hewitson Plant Sales Limited, Hewitson Limited, Hewitson Plant Hire Limited, Hewitson Haulage Ltd, HAB Northern Ltd and Oaktree Living Limited dated 14th April 2014 in favour of HSBC Bank plc.
A debenture also exists including a charge over the assets amd undertaking of the company dated 21st March 2024 in favour of HSBC Bank plc. At the balance sheet date, the amount owed to HSBC Bank plc by the group was £6,068,931.
The company contributes to a defined contribution scheme. The total pension charge during the year amounted to £240,265 (2025: £329,767). Included within other creditors is an amount of £NIL (1 April 2025: £NIL) in relation to pension contributions.
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