GRIFFON MARINE LIMITED

1. GRIFFON MARINE LIMITED 2025-03-19 → present
2. GRIFFON HOVERWORK LIMITED 2009-04-02 → 2025-03-19
3. HOVERWORK LIMITED 1965-06-30 → 2009-04-02

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

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors recognise that it is currently a challenging climate in which to operate and that world events present many uncertainties, however the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “The Company changed its name from Griffon Hoverwork Limited to Griffon Marine Limited during the year.”
• “A stock impairment of £1.98m on the valuation of a pre-owned hovercraft has caused gross margins to decrease to 15% (2024 -19%).”
• “Included within exceptional administrative expenses... is an exceptional foreign exchange gain (2024 - loss) on the maturity of a hedged value of Japanese Yen (JPY)...”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -43.7%

  £26,547,540 → £14,941,909

• Cash

  -84.5%

  £5,881,442 → £910,259

• Net assets

  -52.2%

  -£7,201,047 → -£10,959,027

• Employees

  -9.6%

  125 → 113

• Operating profit

  -261.7%

  -£564,035 → -£2,039,853

• Profit before tax

  -62.7%

  -£2,309,053 → -£3,757,980

• Wages

  -1.4%

  £5,221,975 → £5,146,572

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