SPECTRUM YARNS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Simpson Wood Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SPECTRUM YARNS LIMITED · parent
   1. Herbert Brown Limited 100% · UK
   2. Kevard Textile Machinery (1994) Limited 100% · UK
   3. Sybro Spinning Limited 100% · UK

Significant events

• “During the year ended 31 March 2025, turnover decreased by £0.5m (4.4%) from £12.3m to £11.8m. This follows on from a £2.3m reduction from 2023 to 2024. Volumes in the spinning business continued to decline and combining this with continued increases in the cost of Labour (including National Insurance) & energy, made the division uneconomic. It was decided, in late Spring 2025, to cease all manufacturing.”
• “On 15 June 2025, the directors decided to discontinue the SPA manufacturing division due to continued losses and challenging trading conditions. The total estimated financial effect of the closure and redundancies is £400,000.”

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

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

  -4.3%

  £12,317,805 → £11,782,682

• Cash

  -61.3%

  £892,740 → £345,179

• Net assets

  -61.7%

  £6,496,820 → £2,489,380

• Employees

  +3.5%

  113 → 117

• Operating profit

  -411.2%

  -£759,157 → -£3,880,736

• Profit before tax

  -358.2%

  -£890,964 → -£4,082,640

• Wages

  +1.6%

  £3,189,786 → £3,242,376

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