EUROSONIC GROUP LIMITED

1. EUROSONIC GROUP LIMITED 2018-03-30 → present
2. EUROPASONIC (U.K.) LIMITED 1980-12-31 → 2018-03-30
3. EUROPA WHOLESALE (FANCY GOODS) LIMITED 1978-10-16 → 1980-12-31

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

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. EUROSONIC GROUP LIMITED · parent
   1. Euro Magppie UK Limited 100% · United Kingdom
   2. Euroscnic Magppie (ESM) Limited 100% · Republic of Ireland

Significant events

• “major shipping lines continue to divert vessels away from the Red Sea and Suez Canal, opting instead to sail around the Cape of Good Hope in Africa. While freight pricing and service reliability have remained relatively stable, the extended route increases transit times.”
• “warehouse space provider entered administration. However, due to the specific terms of our legal agreement, we were able to retain occupation of the warehouse on existing terms through to the end of April 2025. Following this period, we successfully negotiated a new agreement directly with the landlord to continue occupying the premises.”
• “As part of the Group's continued commitment to strong financial governance and strategic focus, a proactive decision has been made to provide for aged stock and debtor balances associated with a non-core and now discontinued business activity. This forward-looking measure, reflected as an exceptional cost of £731k, ensures a clean break and positions the Group for future growth.”

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

  -10%

  £48,827,556 → £43,954,299

• Cash

  +30.6%

  £731,812 → £956,080

• Net assets

  +15.8%

  £6,815,858 → £7,895,942

• Employees

  -4.6%

  87 → 83

• Operating profit

  +61.3%

  £487,847 → £786,826

• Profit before tax

  +232.6%

  £378,976 → £1,260,479

• Wages

  +3.7%

  £3,553,165 → £3,685,447

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