SCOT YOUNG RESEARCH 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

Consolidated group

Auditor

Azets Audit Services

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 and 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. SCOT YOUNG RESEARCH LIMITED · parent
   1. Scot Young Research Limited 100% · Canada
   2. Ningbo Scot Young Cleaning Products Co Limited 100% · China

Significant events

• “During the year there was a significant change of personnel with a new management structure put in place ahead of Sally Stokes being appointed Group Managing Director in July. This approach was deemed necessary following the downturn in profitability of the business from 2020 onwards following the initial impact of COVID-19 and subsequent ongoing increases in product and freight costs. Throughout this transformation, the business has maintained its normal level of turnover and has seen an improved level of profitability.”

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

Filings

2

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

  -2.9%

  £21,791,049 → £21,148,736

• Cash

  +32.4%

  £2,880,230 → £3,814,826

• Net assets

  +15.8%

  £14,601,488 → £16,901,505

  highest in 5 filed years

• Employees

  -4.9%

  122 → 116

• Operating profit

  +1,027.4%

  -£102,057 → £946,493

  highest in 3 filed years

• Profit before tax

  +392.9%

  £245,276 → £1,208,877

  highest in 3 filed years

• Wages

  -1.8%

  £3,453,110 → £3,389,562

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