LAWTON TUBE COMPANY LIMITED(THE)

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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.”

Group structure

1. LAWTON TUBE COMPANY LIMITED(THE) · parent
   1. Wardtec Limited 100% · England

Significant events

• “In order to retain business with a significant customer it was necessary for Wardtec Limited to offer significant price decreases in 2024-25 and onwards. With this in mind and the effect that it would have on the overall profitability of the Wardtec Limited, the Directors have considered it necessary to impair the goodwill balance down to nil and to impair the investment balance down to the recoverable amount.”
• “Post year end the company has purchased some land and buildings for £6.5m.”
• “Post year end the company has entered into a new 3 year lease to sub-let a premises.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +3.5%

  £233,384,832 → £241,562,546

  highest in 4 filed years

• Cash

  -6%

  £16,285,425 → £15,312,544

• Net assets

  +18.2%

  £76,129,648 → £89,977,728

  highest in 4 filed years

• Employees

  +3.9%

  128 → 133

  highest in 4 filed years

• Operating profit

  +5.1%

  £18,825,660 → £19,794,856

  highest in 4 filed years

• Profit before tax

  +6%

  £19,157,018 → £20,299,515

  highest in 4 filed years

• Wages

  +14.7%

  £6,635,752 → £7,610,374

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