BUTTERWORTH LABORATORIES LIMITED

1. BUTTERWORTH LABORATORIES LIMITED 1977-12-31 → present
2. BUTTERWORTH MICROANALYTICAL CONSULTANCY LIMITED (THE) 1974-09-25 → 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 102

Reporting scope

Standalone (parent only)

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.”

Significant events

• “2023-24 can be described as a year of renewed growth, building on a strong foundation provided by 2022-23. Increased investment in staff development and laboratory equipment, coupled with strong customer demand and a growing order book, has positioned the company well to expand its portfolio of services.”
• “Overall turnover increased by just over 9%, with a significant shift towards EU sales (+20%) and modest domestic sales growth (+4%), though at the expense of sales to the rest of the world (-10%).”
• “Additionally, stable interest rates during the year yielded interest income of £203,309 (2023: £102,796), increasing pre-tax profit to £1,235,343 from £808,482 in 2023.”
• “The ongoing conflict in Ukraine and uncertainty in the Middle East remain a concern, particularly with the risk of escalation in these regions.”
• “Additionally, with a new administration in the USA, the potential imposition of trade tariffs may negatively affect the economies of the UK and Europe, especially as our European exports continue to grow in significance.”
• “Despite rumours of rising energy prices, we have secured reduced tariffs until July 2027.”
• “The principal risk to the company is the total loss of laboratory facilities, such as through fire, as it would not be possible to repair or replace these facilities quickly.”
• “Another risk arises from the UK's recent budget, which includes increased employer National Insurance costs and the prospect of the Employment Rights Bill.”

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

  +8.8%

  £7,749,712 → £8,432,017

  highest in 6 filed years

• Cash

  +8.2%

  £5,234,737 → £5,664,001

  highest in 10 filed years

• Net assets

  +9.8%

  £8,550,850 → £9,390,691

  highest in 6 filed years

• Employees

  +2.4%

  84 → 86

  highest in 5 filed years

• Operating profit

  +46.2%

  £705,686 → £1,032,034

  highest in 6 filed years

• Profit before tax

  +52.8%

  £808,482 → £1,235,343

  highest in 6 filed years

• Wages

  +6.9%

  £3,686,111 → £3,939,882

  highest in 6 filed years

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