DAVIES TURNER PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Going concern has been assessed for a period of twelve months from the approval of these financial statements which was to 30 September 2026, taking into account the company's current financial position, including the cash held by the group, and after considering the impact of all significant and plausible downside scenarios related to the potential impact of the current economic climate. The company operates with a strong and consistent level of cash resources with £15.1m consolidated cash and cash equivalents at the year-end (2024: £15.2m) and no external borrowings, and strong cash generation in the current year. This gives the company a significant buffer against modelled downturns in business activity or significant cost rises. Having reviewed the downside scenarios in conjunction with its projected cash flow forecast to 30 September 2026, the directors were satisfied that there were no plausible scenarios that gave a threat to the financial position of the company. Based on the above modelling, the directors have a reasonable expectation that the company will continue in operation and meet its liabilities as they fall due for the foreseeable future and for twelve months from the signing date of these financial statements.”

Group structure

1. DAVIES TURNER PLC · parent
   1. Davies Turner & Co. Limited 1% · UK · Surface Freight
   2. Davies Turner Air Cargo Limited 1% · UK · Air Freight
   3. Davies Turner Logistics Limited 1% · UK · Logistics
   4. Davies Turner Ireland Limited 1% · Ireland · Surface & Air Freight

Significant events

• “There were contingent liabilities notified by the company's bankers at the balance sheet date which amounted to £1,255,000 (2024: £1,255,000) principally in respect of indemnities given by the bank to enable goods to be released from H M Revenue & Customs before duty has been paid.”
• “Davies Turner Plc and its subsidiaries have entered into a composite guarantee with the National Westminster Bank Plc in respect of gross overdraft facilities of £50,000,000 (2024: £50,000,000) granted to them. Davies Turner Air Cargo Limited is a guarantor of Aviation Logistics Network Limited, a company limited by guarantee.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +23.7%

  £213,362,000 → £264,026,000

• Cash

  -0.7%

  £15,209,000 → £15,102,000

• Net assets

  +12.3%

  £22,620,000 → £25,410,000

• Employees

  -4.4%

  907 → 867

• Operating profit

  +12.8%

  £12,697,000 → £14,321,000

• Profit before tax

  +9.7%

  £13,595,000 → £14,908,000

• Wages

  +5.9%

  £33,963,000 → £35,983,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers