P.I.P. ELECTRICS 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

Reddy Siddiqui LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Volatile Pricing Markets risks. The combination of ongoing geopolitical instability, global supply chain pressures, and economic uncertainty in the supply chains have made commodity pricing volatile and it is only with the close partnerships we have with our suppliers that enables us to maintain our competitiveness.”
• “The risks associated with the ongoing war in Ukraine have been considered and the Directors do not believe there will be large impact on the Company other than those costs for the Industry as a whole.”
• “Following the sale of the shares to an Employee Ownership Trust in 2018, the Company has met all the set commitments and continually adds value through increases in Net Assets.”

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

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

  +37.7%

  £66,324,169 → £91,338,527

• Cash

  +35.1%

  £16,282,577 → £21,996,495

• Net assets

  +45.3%

  £7,479,020 → £10,864,096

• Employees

  0%

  107 → 107

• Operating profit

  -28%

  £5,028,091 → £3,618,839

• Profit before tax

  -20.9%

  £5,359,430 → £4,241,486

• Wages

  +44%

  £6,905,861 → £9,944,279

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