FARNELL ELECTRONIC COMPONENTS LIMITED

• ⚠

  Material uncertainty over going concern

  On the basis that the activities of the company will cease following the closure of the Liege distribution center site, the financial statements have been prepared on a non-going concern basis. The group will continue to provide sufficient funds to meet all liabilities as they fall due in the closure of the site.

1. FARNELL ELECTRONIC COMPONENTS LIMITED 1992-01-31 → present
2. FARNELL TELEVISION LIMITED 1987-01-21 → 1992-01-31
3. FARNELL ELECTRONIC COMPONENTS LIMITED 1947-07-26 → 1987-01-21

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On the basis that the activities of the company will cease following the closure of the Liege distribution center site, the financial statements have been prepared on a non-going concern basis. The group will continue to provide sufficient funds to meet all liabilities as they fall due in the closure of the site.”

Significant events

• “On 16 May 2023 Farnell Electronic Components Limited (the "company") announced their intention to close the Liege distribution center which initiated the information and consultation process with the Works Council. On 27 November 2023 the company decided, after compliance with the prior information and consultation procedure, to proceed with the closure of the site resulting in the redundancies of all employees.”
• “The loss in the previous year was largely due to provisions relating to closure costs, specifically redundancy costs of £11,505k. In the current year, the closure costs were recharged to a fellow group undertaking resulting in the restructuring provision no longer being required. This resulted in an exceptional credit of £11,172k, which significantly contributed to the profit in the year.”

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

0

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

  +93.8%

  £10,283,000 → £19,924,000

• Cash

  -59.1%

  £159,000 → £65,000

• Net assets

  +249.4%

  £4,717,000 → £16,482,000

• Employees

  -22.4%

  152 → 118

• Operating profit

  +201.7%

  -£11,794,000 → £11,992,000

• Profit before tax

  +194.7%

  -£12,527,000 → £11,865,000

• Wages

  -81.4%

  £17,148,000 → £3,195,000

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