IRACROFT 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

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have completed financial projections for the coming 12 months to December 2026 and are satisfied that the company will be able to meets its liabilities using its existing funding arrangements. The company has sufficient liquidity to handle short term disruption from customer demand or changes in raw material costs. On this basis the Directors are satisfied that it is appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The global downturn in the construction industry has been a major driver for the reduction in sales in 2024.”
• “Recent escalations in trade disputes across the globe present a change in risk for the business.”
• “The continued war in Ukraine remains a source of uncertainty due to the potential impact on the global supply chain and energy sourcing across Europe.”
• “Trade between the UK and EU has continued following the UKs exit from the common market, albeit with tighter controls and increased cost for both parties.”
• “Labour costs in the UK are increasing following budget changes to employer national insurance contributions and national minimum wage.”
• “The recent acquisition of a new 6,000 sqft property and automated powder coating facility will provide the additional production capacity and capability to achieve this.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -12.6%

  £21,907,756 → £19,150,275

• Cash

  +39.1%

  £275,313 → £382,953

• Net assets

  -12.5%

  £7,322,596 → £6,404,127

• Employees

  -10.9%

  258 → 230

• Operating profit

  -115.9%

  £385,427 → -£61,441

• Profit before tax

  -200.5%

  £252,546 → -£253,748

• Wages

  -4%

  £7,930,866 → £7,612,414

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