SILVERLINE OFFICE EQUIPMENT LIMITED

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  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

1. SILVERLINE OFFICE EQUIPMENT LIMITED 1985-12-06 → present
2. CLONMELL OFFICE EQUIPMENT SUPPLIES LIMITED 1982-10-29 → 1985-12-06
3. CLONMELL PROPERTY COMPANY(SEFTON ROAD)LIMITED(THE) 1967-03-17 → 1982-10-29

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

King & King

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared detailed company financial projections for the year ending 31 December 2026 which were approved by the group's majority shareholder. The company meets its day-to-day working capital requirements through its bank facilities. The forecasts take into account challenging market conditions due to events that have occurred around the world which continue to create uncertainty over the level of demand for the company's products. The company's forecasts and projections, taking account of a severe but plausible change in trading performance, show that the company should be able to operate within the level of its current facilities. The group's majority shareholder has given assurance of financial support in the form of letter of support to the company that he will provide necessary financial support to ensure that the company continues to operate as a going concern in the foreseeable future.”

Significant events

• “The turnover for 2024 fell to £8.9m from £9.6m. Gross margin as a percentage of sales was 33.92% (2023: 33.8%)”
• “Overall Silverline generated a loss before tax of £245,774 (2023: profit £67,899)”
• “Fixed assets NBV decreased by £181,349 in the year and Silverline's total equity remained strong at £1,518,465 reducing by £292,265 in the year.”
• “Our sales strategy is to continue to provide a good product and a good service to our existing customers whilst, diversifying into new product ranges, to enable us to win new customers and increase our market share.”

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

  -6.1%

  £9,570,670 → £8,990,247

• Cash

  +176.1%

  £4,884 → £13,486

• Net assets

  -16.1%

  £1,810,730 → £1,518,465

• Employees

  -10%

  70 → 63

• Operating profit

  -175.5%

  £187,605 → -£141,649

• Profit before tax

  -462%

  £67,899 → -£245,774

• Wages

  -1.1%

  £2,032,783 → £2,011,322

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