RELIANCE SCRAP METAL MERCHANTS (PARKSTONE) LIMITED

• ⚠

  Material uncertainty over going concern

  The ongoing refinancing together with the historical and forecasted breaches in covenants and sensitivity analysis performed on the cashflow forecasts indicate that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern.

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

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The ongoing refinancing together with the historical and forecasted breaches in covenants and sensitivity analysis performed on the cashflow forecasts indicate that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. RELIANCE SCRAP METAL MERCHANTS (PARKSTONE) LIMITED · parent
   1. Walter Shaw & Son Limited 100% · UK · dormant

Significant events

• “market conditions softened progressively over the course of the year, limiting overall momentum. Although turnover increased, input costs rose at a faster rate, resulting in margin compression.”
• “Inflationary pressures remained a significant factor, particularly in relation to energy and other manufacturing inputs, which continued to drive higher production costs.”
• “The wider global market environment remained uncertain, and the competitive dynamics experienced in the prior year persisted. Continued competition for volume placed further pressure on margins, constraining the Company's ability to convert revenue growth into improved operating performance.”
• “At 30 April 2025 the Company reported net current liabilities of £334,627 and a loss after taxation of £1,237,345 for the financial year. This loss included an exceptional cost of £1,083,026.”
• “The company has been in breach of financial covenants during the year to 30 April 2025 and since the balance sheet date.”
• “The directors are currently in discussion with the bank to re-negotiate the existing facilities. Whilst the directors are pleased with the interactions they have had with the bank, at the date of approval of these financial statements no agreement has been reached.”

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

Filings

9

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

  +6%

  £23,502,958 → £24,922,840

• Cash

  -99.7%

  £292,303 → £747

• Net assets

  -35.2%

  £3,546,163 → £2,297,318

• Employees

  -3.4%

  29 → 28

• Operating profit

  -5,189.9%

  £22,746 → -£1,157,758

• Profit before tax

  -898.6%

  -£125,754 → -£1,255,804

• Wages

  -4.9%

  £1,216,010 → £1,156,744

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