LATCHWAYS PLC

1. LATCHWAYS PLC 1982-12-10 → present
2. ALAN TUPPER ASSOCIATES LIMITED 1974-10-31 → 1982-12-10

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

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that the preparation of the financial statements on the going concern basis is appropriate. The company is well placed to manage its business risks successfully and it has adequate resources to continue in operational existence for a period of twelve months from when the financial statements are authorised for issue. The company has sufficient cash reserves and holds no interest-bearing liabilities. Whilst current economic pressures may have an impact on spending throughout 2025 and beyond, it does not present a going concern risk to the business as pipeline growth and order bookings in subsequent years remain robust. The directors have prepared revenue and cash flow forecasts through to the end of July 2026, which show a continuing profitable trading performance. As a wholly owned subsidiary, the directors expect that the company could rely on the financial support of the ultimate parent company, MSA Safety Inc., if necessary. The company has received a letter of support from its ultimate parent company and assessed and concluded upon the ability of the parent to provide the support.”

Group structure

1. LATCHWAYS PLC · parent
   1. HCL Safety Limited 100% · England and Wales · Safety system installation and services

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

  -23%

  £35,973,000 → £27,696,000

• Cash

  -16.4%

  £2,762,000 → £2,308,000

• Net assets

  +9.4%

  £23,093,000 → £25,258,000

• Employees

  -26.9%

  93 → 68

• Operating profit

  +47.6%

  £5,172,000 → £7,632,000

• Profit before tax

  +53.6%

  £5,946,000 → £9,134,000

• Wages

  -17.5%

  £4,245,000 → £3,502,000

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