{"name":"W.G.M (ENGINEERING)LIMITED","company_number":"SC099834","status":"Active","type":"Private Limited Company","incorporated":"1986-06-30","dissolved":null,"registered_office":"65 Sussex Street, Glasgow, Scotland, G41 1DX","postcode":"G41 1DX","sic_codes":[{"code":25110,"description":"Manufacture of metal structures and parts of structures"},{"code":28990,"description":"Manufacture of other special-purpose machinery not elsewhere classified"},{"code":33200,"description":"Installation of industrial machinery and equipment"},{"code":43999,"description":"Other specialised construction activities not elsewhere classified"}],"principal_activity":"The principal activity of the company is the provision of mechanical, electrical, industrial and engineering services.","previous_names":[],"warnings":[],"accounts":{"category":"Full","year_end":"31 March","last_made_up_to":"2025-04-06","next_due":"2026-12-31"},"employees":{"count":440,"accounts_date":"2024-03-31"},"financials":[{"financial_date":"2024-03-31","turnover":52693122,"profit_loss":2040438,"net_assets":5043442,"cash":2100272,"average_employees":440},{"financial_date":"2023-03-31","turnover":44109460,"profit_loss":1312931,"net_assets":8503004,"cash":1952807,"average_employees":376},{"financial_date":"2022-03-31","turnover":42370995,"net_assets":7690073,"cash":6719172},{"financial_date":"2021-03-31","turnover":38094709,"net_assets":5094319,"cash":6882170},{"financial_date":"2020-02-28","net_assets":4895409,"cash":2570704}],"officers":{"current":7,"resigned":5,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"W.G.M (Engineering) Limited is a long-established Scottish engineering firm with strong revenue growth (turnover of £52.7M in FY2024) and the backing of RSK Group following its October 2022 acquisition. However, the company has experienced a significant deterioration in its balance sheet position — net assets fell 41% to £5.0M and cash reserves declined to £2.1M — which may reflect acquisition-related distributions or debt assumption rather than operational failure, though this requires confirmation through detailed P&L and cash flow review. The company is rated MEDIUM risk, with the primary areas of concern being liquidity erosion, rising liabilities, and the need to assess the financial impact and integration progress of the RSK Group acquisition.","website":"https://wgmengineering.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/wgm-(engineering)limited","people":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/people","filing_history":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC099834","financials":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/financial","control":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/control","charges":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/wgm-(engineering)limited/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/wgm-(engineering)limited"}