CROSS MANUFACTURING COMPANY (1938) LIMITED

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

“The company meets its day-to-day working capital requirements through its cash reserves. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current cash reserves. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “The investment in tangible assets was predominantly related to our Bath site where we continue to modernise and make best of our existing site to increase capacity. This is needed to accommodate the increase in aerospace and power generation demand. In addition, we completed the purchase of a site at Entry Hill, close to our existing Bath site, which we plan to redevelop to support the continued growth and success of our operations.”
• “In June 2024 the company gained certification to ISO 50001:2018 the Energy Management System standard. Specific energy efficiency initiatives have included further LED lighting upgrades, delivery of energy efficiency toolbox talks to the workforce and improved energy monitoring systems. Furthermore, an additional 150 solar photovoltaic (PV) panels were installed as part of a new build at our Bath site.”
• “The defined benefit plan closed to new entrants with effect from 1 July 2006 and closed to future accrual with effect from 31 March 2021. A defined contribution scheme was set up for all employees joining the company after 1 July 2006.”
• “Following a formal selection process, the Trustees entered into a contract with an insurer on 20 April 2023, where the scheme's liabilities are covered by insurance (commonly referred to as a "buy in"). The company contributed £5 million to the scheme prior to 31 March 2023 and a total of £9 million during April and May 2023. The company contributed a further £1.7m during the year ending 31 March 2025.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -7.5%

  £71,495,000 → £66,099,000

• Cash

  -9.3%

  £4,443,000 → £4,029,000

• Net assets

  +2.1%

  £94,761,000 → £96,730,000

• Employees

  -0.2%

  518 → 517

• Operating profit

  -24.9%

  £8,745,000 → £6,570,000

• Profit before tax

  -22%

  £9,576,000 → £7,473,000

• Wages

  +1.4%

  £23,754,000 → £24,090,000

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