ALSTONS (UPHOLSTERY) LIMITED

• ⚠

  Material uncertainty over going concern

  Whilst the Group continues to manage its cost base carefully and maintains adequate financing facilities to support ongoing operations, based on reasonable downside models, there is a material uncertainty over going concern. We draw your attention to note 2.3 which details out the events and conditions leading to this conclusion. We draw attention to Note 2.4 in the financial statements, which indicates that the Group incurred a net loss of £25.5M and had net current liabilities of £12.4M during the year ended 31 December 2024. Note 2.3, sets out the events or conditions, which, along with losses incurred since the year end, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

1. ALSTONS (UPHOLSTERY) LIMITED 1995-07-31 → present
2. ALSTONS (COLCHESTER) LIMITED 1951-02-02 → 1995-07-31

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 101

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst the Group continues to manage its cost base carefully and maintains adequate financing facilities to support ongoing operations, based on reasonable downside models, there is a material uncertainty over going concern. We draw your attention to note 2.3 which details out the events and conditions leading to this conclusion. We draw attention to Note 2.4 in the financial statements, which indicates that the Group incurred a net loss of £25.5M and had net current liabilities of £12.4M during the year ended 31 December 2024. Note 2.3, sets out the events or conditions, which, along with losses incurred since the year end, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. ALSTONS (UPHOLSTERY) LIMITED · parent
   1. Alstons (Cabinets) Limited 100% · England and Wales

Significant events

• “On the 28th May 2025, AMX Design Limited (Company No: 04247476), a fellow subsidiary of our parent company TCM Living Limited (Company No: 10202980), entered into liquidation. And on the 15th September 2025, Ashley Manor Upholstery Limited (Company No: 02860130) and Alexander and James Limited (Company No: 08384700) both fellow subsidiaries of our parent company also entered into administration.”
• “A major investment in a new state-of-the-art ERP system was completed during the year. With the system now live, it is expected to enhance the Company's capabilities as it continues to develop its products and processes to meet customer demand, improve product quality and support overall business performance.”

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

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

  -23.6%

  £35,913,000 → £27,447,000

• Cash

  -64.4%

  £1,486,000 → £529,000

• Net assets

  -23.8%

  £7,926,000 → £6,037,000

• Employees

  -8.2%

  243 → 223

• Operating profit

  -135.8%

  £2,555,000 → -£914,000

• Profit before tax

  -157.5%

  £2,739,000 → -£1,575,000

• Wages

  +3.5%

  £8,092,000 → £8,376,000

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