THOMAS ARMSTRONG (TIMBER) LIMITED

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the company's current and future prospects and its availability of cash resources and financing and are satisfied that the company can continue to pay its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. For this reason the directors continue to adopt the going concern basis of preparation of these financial statements.”

Significant events

• “The company had a disappointing financial year with volumes and turnover down in all departments. The furniture components departments had a particularly difficult year with demand levels significantly reduced on the previous year. The engineered timber department also saw reduced demand and order levels over the first six months of the financial year and whilst improving over the second half of the year, the result for this department was lower than the previous financial year. The pallets department showed a slight improvement in profitability due to improved cost control.”
• “The UK has now left the European Union and as a result of the new importing procedures the documentation required has greatly increased. The company is continuing to source as many products as possible within the UK to reduce any potential supply issues and to minimise any impact on production.”
• “The company has given the bank an unlimited guarantee in connection with Thomas Armstrong (Holdings) Limited group bank borrowings.”

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

  -18.5%

  £14,808,779 → £12,063,674

• Cash

  +10.3%

  £1,725,896 → £1,904,008

• Net assets

  +12.7%

  £3,859,516 → £4,351,316

• Employees

  -11.4%

  70 → 62

• Operating profit

  -38.7%

  £1,234,372 → £756,397

• Profit before tax

  -32.6%

  £1,268,604 → £854,901

• Wages

  +7.2%

  £1,827,555 → £1,958,534

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