NATIONAL FLOORCOVERINGS LIMITED

1. NATIONAL FLOORCOVERINGS LIMITED 2003-12-12 → present
2. HECKMONDWIKE F.B. LIMITED 1980-12-31 → 2003-12-12
3. SHEERLOOM CARPETS LIMITED 1955-03-03 → 1980-12-31

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. NATIONAL FLOORCOVERINGS LIMITED · parent
   1. Matting Systems Limited 100% · England and Wales
   2. Paragon Carpets and Tiles Limited 100% · England and Wales
   3. Play-Rite Limited 100% · England and Wales

Significant events

• “reduction in gross profit margin reflected factors linked to the group restructure and sale of the business to Nimbus completed in 2024.”
• “fine in relation to a health and safety incident in 2023 of £366,612.”
• “reduction in net assets decreased was largely due to the dividend distribution and the elimination of the pension surplus following the sale of the defined benefit scheme as part of the restructure.”
• “company continues to benefit from a robust balance sheet and the financial backing of its new majority shareholder, Nimbus, a European investment firm with over 20 years of experience and five successfully raised funds.”
• “balance sheet will be further strengthened through planned property sale-and-leaseback transactions which will unlock additional liquidity and reinforce the group's financial position.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  -6.3%

  £22,419,356 → £21,000,603

• Cash

  -90.7%

  £4,883,507 → £455,183

  lowest in 4 filed years

• Net assets

  -38.9%

  £19,870,632 → £12,133,103

  lowest in 4 filed years

• Employees

  -5%

  121 → 115

  lowest in 4 filed years

• Operating profit

  -160.5%

  £2,165,179 → -£1,309,605

• Profit before tax

  -152.9%

  £2,782,885 → -£1,472,829

  lowest in 4 filed years

• Wages

  -1%

  £4,172,651 → £4,132,103

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