PREMIER FARNELL UK LIMITED

1. PREMIER FARNELL UK LIMITED 2004-04-05 → present
2. BUCK & HICKMAN LIMITED 1965-09-28 → 2004-04-05

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Taking into account these forecasts and projections, after making enquiries and considering the position of the company, the directors have a reasonable expectation the company has adequate resources to continue in operational existence for the foreseeable future. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.”

Significant events

• “Revenue and margin declined year on year reflecting challenging market conditions due to the cyclical market downturn, driven by a decline in market demand and weaker macro-economic conditions. Operating expenses included non-recurring costs relating to the closure of the distribution centre in Belgium and the write-off of software costs (see note 6). As a result of an impairment review, goodwill was fully impaired with an impairment expense incurred of £113,661,000, as a result of the revenue and margin decline in the year and the challenging market conditions (see note 14).”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -12.5%

  £856,778,000 → £749,593,000

• Cash

  +18%

  £89,161,000 → £105,224,000

• Net assets

  -36.4%

  £455,980,000 → £289,842,000

• Employees

  +7.3%

  1,304 → 1,399

• Operating profit

  -327.2%

  £75,782,000 → -£172,153,000

• Profit before tax

  -333.4%

  £76,621,000 → -£178,824,000

• Wages

  +1.6%

  £49,637,000 → £50,418,000

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