BETAFENCE LIMITED

1. BETAFENCE LIMITED 2005-04-12 → present
2. BEKAERT FENCING LTD 2002-12-31 → 2005-04-12
3. TINSLEY WIRE LTD 1996-12-31 → 2002-12-31
4. TINSLEY WIRE (SHEFFIELD) LIMITED 1976-12-31 → 1996-12-31
5. TINSLEY WIRE INDUSTRIES LIMITED 1933-06-22 → 1976-12-31

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 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 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.”

Significant events

• “The turnover for the year to 31 December 2024 was £2.2m (2023: £3.1m), showing a 28% decrease on the previous 12 months.”
• “The Company's net assets decreased by £3.2m to £3.2m (2023: £6.4m) mainly due to the movements in pension scheme assets. The net pension asset has decreased by £1.4m to £15.1m (2023: £16.6m).”
• “In 2024, the amount recognised in other comprehensive income was a loss of £2.4m (2023: loss £0.4m) relating to pension scheme actuarial losses.”
• “The Group, the Company is part of, refinanced its external loans in 2024. These loans are in holding companies and do not directly affect the Company; however they do strengthen the Group position.”
• “On 16 August 2023 key lenders signed and agreed a 'lock up' agreement to take over the business from the current ultimate shareholders... The final OFSI approval was received on 28 May 2024 being the transaction completion date.”
• “As a part of this transaction the loans were restructured and the existing term loans extended from October 2024 and have new maturities from June 2026 to September 2027.”
• “The Group, the Company is part of, has commenced second refinancing it's external loans after the reporting date. The refinancing will result in debt being converted to equity, a lower interest burden in the future, the ability to PIK future interest and a significantly strengthened balance sheet with lower leverage.”

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

1

last 12 months

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

• Turnover

  -28.4%

  £3,069,000 → £2,198,000

• Cash

  +98.2%

  £166,000 → £329,000

• Net assets

  -49.7%

  £6,392,000 → £3,217,000

• Employees

  -30%

  10 → 7

• Operating profit

  -6.9%

  -£663,000 → -£709,000

• Profit before tax

  -57.1%

  -£489,000 → -£768,000

• Wages

  -16%

  £676,000 → £568,000

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