BRACES BAKERY LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1.2 in the financial statements, which indicates that the company incurred a loss for the period ended 28 September 2024, has net current liabilities at that date and has continued to incur losses subsequent to the year end. These conditions indicate a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

1. BRACES BAKERY LIMITED 2004-03-23 → present
2. E. BRACE AND PARTNERS LIMITED 1975-08-19 → 2004-03-23

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

Kilsby & Williams LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.2 in the financial statements, which indicates that the company incurred a loss for the period ended 28 September 2024, has net current liabilities at that date and has continued to incur losses subsequent to the year end. These conditions indicate a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “On 14 October 2025, the company announced its decision to close the Pen-Y-Fan site and consolidate its operations at the Croespenmaen site. This strategic repositioning aims to focus on strengths, develop new products and return to profitability, involving potential redundancies and the planned sale of the Pen-Y-Fan factory.”

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

Filings

12

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

  -8.4%

  £37,109,409 → £34,002,082

• Cash

  -86.7%

  £389,285 → £51,734

• Net assets

  -23.1%

  £8,150,323 → £6,267,415

• Employees

  +6.7%

  285 → 304

• Operating profit

  -212.5%

  £1,331,864 → -£1,498,255

• Profit before tax

  -260.4%

  £1,109,887 → -£1,780,384

• Wages

  +10.5%

  £8,338,290 → £9,212,579

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