SECO TOOLS (U.K.) LIMITED

1. SECO TOOLS (U.K.) LIMITED 1977-12-31 → present
2. FAGERSTA SECO LIMITED 1973-12-13 → 1977-12-31

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is financed by banking facilities accessed through a UK group cash pooling arrangement operated by the Company's ultimate parent undertaking. The Company's forecasts and projections, taking account of reasonably possible changes in performance, show that the Company is able to meet its liabilities as they fall due for at least the next 12 months. The directors have reasonable expectations that the Company has adequate resources, with support from its ultimate parent undertaking and the wider group, to continue in operational existence for the foreseeable future. In making this assessment, the directors have also considered the ability of the parent and the group to forecast and provide the necessary support. Therefore, the Company continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “The Company's sales amounted to £23,738,000 (2023: £28,827,000), a decrease of 17.7% over the previous year. This decrease in sales is due to a former customer of the Company being acquired by Seco Tools AB, so this turnover is excluded in the year ended 31st December 2024 numbers.”
• “There were no events which occurred after year end requiring disclosure within the financial statements.”
• “The defined benefit plan was closed to future accruals from 1 September 2021.”
• “During the year the scheme transferred to parent company: Sandvik Holdings Limited and as such, Seco Tools (U.K.) Limited is now a participating entity. The plan surplus recognised in Sandvik Holdings Limited under IAS 19R at 31 December 2024 was £3,834,000 (2023: £16,338,000).”

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

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -17.7%

  £28,827,000 → £23,738,000

• Cash

  +64%

  £1,362,000 → £2,234,000

• Net assets

  +3.5%

  £9,652,000 → £9,986,000

• Employees

  -1.2%

  84 → 83

• Operating profit

  -24.2%

  £1,246,000 → £945,000

• Profit before tax

  -17.4%

  £1,278,000 → £1,055,000

• Wages

  -10.2%

  £3,531,000 → £3,170,000

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