PULLMAFLEX U.K. LIMITED

1. PULLMAFLEX U.K. LIMITED 1977-12-31 → present
2. PULLMAN FLEXOLATORS LIMITED 1940-05-02 → 1977-12-31

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering the company's forecasts, the funding available to the business and the letter of financial support that was received from Leggett & Platt Inc., the directors are satisfied that the company is well placed to satisfy its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. The directors have therefore prepared these financial statements on a going concern basis.”

Group structure

1. PULLMAFLEX U.K. LIMITED · parent
   1. Leggett & Platt do Brasil Ltda. 100% · Brazil · Manufacturer of Innersprings, sinuous coil, single coil, box spring. Products we sell: mechanisms, non-woven
   2. Leggett & Platt Luxembourg Holdings S.a.r.l. 100% · Luxembourg · Holding company
   3. L&C Suizhou Cable Industries Ltd. 100% · China · The manufacture and sale of controlling cables and accessories into the motor industry
   4. Changshu L&V Automotive Motion Co. Ltd 100% · China · Produce, research and develop products for the motor vehicle industry
   5. Leggett & Platt Ireland Holding Limited 100% · Ireland · Holding company
   6. Administradora Soal, S.A. de C.V. 100% · Mexico · Production of motors, actuators, pneumatic massage systems
   7. Avica Aerospace Ducting Limited 100% · United Kingdom · Aerospace components
   8. BS Steel sp. z o. o. 100% · Poland · Production of furniture, flooring & textile products
   9. David Hart Aerospace Pipes (Machining Division) Ltd. 100% · United Kingdom · Dormant
   10. David Hart Aerospace Pipes Limited 100% · United Kingdom · Aerospace components

Significant events

• “The loss after tax recorded for the year was £103,689,142 (2023: profit £144,368,685). The loss after tax is primarily as a result of the net investment impairment of £194,694,985.”
• “The increase of £1.4m in Tangible Assets is due to the ongoing implementation of one capital project which is approximately £10m in total. This project started in 2023 and will be completed during 2025 whereby the equipment will then be in use and serial production of goods will be in place.”
• “Cash decreased from £19.3m in 2023 to £3.7m at the end of 2024. This decrease in cash is due to the management of cash on a centralised basis by the treasury team.”
• “During 2025, David Hart Aerospace Pipes Limited (which held investments in DHAP Limited, DHAP Corporate Trustees Limited, David Hart Aerospace Pipes (Machinery Division) Limited and Avica Aerospace Ducting Limited) was sold for the sum of $97,753,442 to Flow UK Holdco, Limited an investment partnership owned by Tinicum Incorporated.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -19.8%

  £39,097,491 → £31,350,512

• Cash

  -81%

  £19,279,503 → £3,661,506

• Net assets

  -22.1%

  £998,216,894 → £777,750,752

• Employees

  +8.5%

  247 → 268

• Operating profit

  -487.8%

  £43,148,461 → -£167,323,726

• Profit before tax

  -169.2%

  £147,867,538 → -£102,275,705

• Wages

  +13.8%

  £8,634,046 → £9,829,496

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