# W.I.P (WORK IN PROGRESS) LIMITED (04715981)

> W.I.P (WORK IN PROGRESS) LIMITED is an active private limited company (company number 04715981) incorporated on 28 March 2003, registered in Tyne & Wear. Its registered activity is manufacture of footwear (SIC 15200). Latest full accounts cover the period ending 31 March 2025, showing net assets of £10.54m and cash of £2.39m, with 3 employees on average. Turnover was £48.91m. Net assets fell 38% on the prior period (£17.13m).

- Status: Active
- Incorporated: 2003-03-28
- Registered office: Tyne & Wear, NE2 1QP
- SIC 15200: Manufacture of footwear
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-04-11
- Accounts type: FULL

By net assets it sits in the top quarter of 260 comparable companies in the UK (median £1,699, upper quartile £91k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £10.54m | £2.39m | — | £32.13m | £48.91m | — | 3 |
| 2024-03-31 | £17.13m | £2.51m | — | £15.89m | £44.34m | — | 3 |
| 2023-04-01 | — | — | — | — | — | — | — |

current ratio 1.33; size band medium.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £10,538,849 at 31 March 2025
- Net assets down 25% or more on the prior period: -38.5% vs prior period
- Cash at bank of £50,000 or more: Cash £2,388,624
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 28 March 2003

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Christopher Patrick Maughan — owns 75–100% of shares, since 2016-04-06
- Dragonfly Venture Group Limited (corporate-entity) — owns 75–100% of shares, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/04715981
HTML: https://firmoscan.com/company/04715981-w-i-p-work-in-progress-limited