CRONITE CASTINGS LIMITED

1. CRONITE CASTINGS LIMITED 1983-06-14 → present
2. CRONITE LIMITED 1979-12-31 → 1983-06-14
3. CRONITE SPARES & FABRICATIONS LIMITED 1964-05-14 → 1979-12-31

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the forecast results and associated cash flows for the foreseeable future, being the period not less than 12 months from the date of signing these financial statements. The directors have considered the facilities available to the company and believe they can operate within the facilities available for the period of the cash flow forecast. Accordingly, the going concern basis continues to be adopted.”

Significant events

• “Since the year end the company has temporarily closed one of its operations as part of a Group strategy to concentrate production in two other Group sites, and made 29 staff redundant. It will continue to supply its external customer base sourcing the products from the other sites but will no longer supply from this operation to other Group companies. The company will look to expand its other operations to compensate.”

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

  -26%

  £21,952,411 → £16,236,440

• Cash

  -74.6%

  £736,367 → £187,096

• Net assets

  +1.9%

  £10,254,576 → £10,444,721

• Employees

  -6.3%

  128 → 120

• Operating profit

  -112.2%

  £1,581,087 → -£192,929

• Profit before tax

  -104.1%

  £5,343,730 → -£221,549

• Wages

  -6.3%

  £3,860,948 → £3,618,551

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