AMNITEC LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. AMNITEC LIMITED 2004-12-08 → present
2. UNITED FLEXIBLE LIMITED 2004-09-20 → 2004-12-08
3. SENIOR FLEXONICS LIMITED 1992-04-06 → 2004-09-20
4. SENIOR TIFT LIMITED 1989-04-26 → 1992-04-06
5. TIFT LIMITED 1988-12-08 → 1989-04-26
6. T.I. FLEXIBLE TUBES LIMITED 1978-12-31 → 1988-12-08
7. COMPOFLEX COMPANY LIMITED 1957-07-18 → 1978-12-31

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)

Auditor

James Cowper Kreston Audit

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.”

Significant events

• “The business is positioning itself for significant revenue growth by exploiting emerging markets for our traditional products as well as being in the process of launching several new product ranges in adjacent markets which will contribute to a revenue expecting to double over the next five years. These new product ranges have already been launched in focused market areas and have been generating huge interest.”
• “Turnover declined 18% as backlog from OEM sales was caught up, and the business starts to position itself for new product launches. Consequently, as turnover returned to underlying levels the operating loss increased from £350,000 to £1,944,000. The revenue growth strategy which focuses on new product launches, and emerging markets will reverse this position as turnover grows. Inventory increased 20.1% (2024: 9.86% increase) driven by higher levels of activity at the end of the year and higher materials costs.”
• “The Company continues to be impacted by the unstable global climate and transport delays but the directors believe the Company is in a good position to manage this period of high uncertainty, given the actions take to reduce costs and the financial support provided by Flex-Tek.”

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

  -20.3%

  £11,382,000 → £9,071,000

• Cash

  -29.7%

  £246,000 → £173,000

• Net assets

  -68.9%

  £3,420,000 → £1,064,000

  lowest in 4 filed years

• Employees

  -9.7%

  103 → 93

  lowest in 4 filed years

• Operating profit

  -469.7%

  -£350,000 → -£1,994,000

  lowest in 4 filed years

• Profit before tax

  -164.2%

  -£901,000 → -£2,380,000

  lowest in 4 filed years

• Wages

  -4.1%

  £3,639,000 → £3,489,000

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