MILLS CNC LIMITED

1. MILLS CNC LIMITED 2009-02-02 → present
2. MILLS MANUFACTURING TECHNOLOGY LIMITED 1992-08-01 → 2009-02-02
3. MILLS MARKETING SERVICES LIMITED 1974-01-11 → 1992-08-01

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared detailed cash flow forecasts which show that after considering reasonable downside scenarios, the group has sufficient funds to support their activities and meet their liabilities as they fall due based on forecasted trading levels and that the funding is held for a period of at least 12 months from the date of signing these financial statements. In preparing these forecasts the directors have taken into consideration the current macro economic climate. There have been inflationary cost pressures within our supply chain, but we have and will continue to work hard with our suppliers to minimize the impact of these on our customers. Global tariff uncertainty has limited direct impact on our costs or onward sales but we are aware of the potential adverse impact to our customers and have modelled those uncertainties into our projections. Local and global interest rates have stabilised in the last year and although there is an expectation they will fall further this has not been factored into a core model assumption, yet we have profiled interest rate rise sensitivity into our assumptions. On the basis set out above, the directors continue to adopt the going concern basis of preparation for these financial statements.”

Significant events

• “On the date of signing these accounts the group are at the advanced stages of updating their facilities with HSBC UK Bank Plc. This involves the creation of a new term loan, amortising over 3 years, to settle the remainder of the outstanding term loan debt due to HSBC UK Bank Plc that will fall due in October 2025. It also enables the settlement of the Loan Note A's on their first available payment date, also in October 2025. The remaining Loan Note B's will be settled at the earliest opportunity in line with creation of free cash beyond the operational and already committed liquidity requirements of the group.”

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

Filings

2

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

  -15.7%

  £76,412,702 → £64,398,988

• Cash

  -18.2%

  £4,692,954 → £3,837,892

• Net assets

  +6.9%

  £21,018,732 → £22,478,618

• Employees

  +3%

  134 → 138

• Operating profit

  -35.1%

  £8,724,995 → £5,658,404

• Profit before tax

  -41.8%

  £7,756,640 → £4,510,869

• Wages

  -1.3%

  £9,767,977 → £9,640,297

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