HOLMEN BOARD AND PAPER LIMITED

1. HOLMEN BOARD AND PAPER LIMITED 2025-01-30 → present
2. HOLMEN IGGESUND PAPERBOARD LIMITED 2021-11-30 → 2025-01-30
3. IGGESUND PAPERBOARD (WORKINGTON) LIMITED 1990-01-11 → 2021-11-30
4. THAMES BOARD LIMITED 1980-12-31 → 1990-01-11
5. THAMES BOARD MILLS 1902-10-04 → 1980-12-31

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day to day working capital requirements through its own cash funds and intercompany funding. The company has net current assets of £96,541,000 at 31 December 2024 (2023: £82,270,000). The business recovered from the 2023 increases in input costs, as well falling market demand in the later part of the year, resulting in a retained profit for the year at £10,939,000 (2023: £ (5,262,000) loss). Indications in 2025 are that the recovery in demand seen in 2024 is continuing, with customers ending their de-stocking. The latest forecasts for 2025 predict sales volumes to be higher than 2024 and results to date in 2025 support this assumption. Working capital arrangements are supported by access to a cash pooling arrangement controlled by the ultimate parent company, Holmen AB, to meet its liabilities as they fall due for that period. As at the balance sheet date, the Company did not require additional funding from Holmen AB, (2023: £nil).”

Significant events

• “Demand returned during 2024 as the customer destocking period ended during the year. Consequently, production for the year increased by 11% compared to the previous year (2023: -9% decrease) and delivered volume increased by 14% against the previous year (2023: 13% decrease), year-end stock volumes were consistent with the prior year.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +7.6%

  £230,249,000 → £247,771,000

• Cash

  0%

  £2,000 → £2,000

• Net assets

  +6.9%

  £154,955,000 → £165,603,000

• Employees

  -2.9%

  373 → 362

• Operating profit

  +398.7%

  -£4,825,000 → £14,411,000

• Profit before tax

  +338.2%

  -£5,473,000 → £13,035,000

• Wages

  -0.5%

  £20,181,000 → £20,087,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers