RIVERSIDE MEDICAL PACKAGING COMPANY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving these financial statements, the directors have considered current trade and that expected for the next 12 months via the preparation of detailed profit and cashflow forecasts and have concluded that this indicates that the company will continue to trade for a period of at least 12 months from the date of approving these financial statements. Unaudited management accounts to 30 April 2024 show the company to be trading slightly ahead of the forecasts. Banking facilities are due for renewal in December 2024. Based upon strong trading to date during 2024, which is forecast to continue for the remainder of the year, the directors do not anticipate significant issues in renewing facilities, if indeed ongoing facilities are required. For the reasons noted above, the directors have prepared these financial statements on a going concern basis.”

Significant events

• “The directors made the decision to demerge the Shawpak division to form a separate entity. This demerger, achieved by way of a Capital Reduction De Merger, was completed on 29th January 2024.”
• “On 29 January 2024 as part of a Capital Reduction Demerger process, a new holding company was inserted above Riverside Medical Packaging Company Limited.”
• “On 29 January 2024 a dividend in specie was declared by the company whereby the trade and net assets of the Shawpak division were distributed to the new holding company.”

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

Filings

5

last 12 months

Capital events

1

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

  +17.5%

  £21,710,579 → £25,511,217

• Cash

  -9.4%

  £1,088,502 → £986,138

• Net assets

  -1.4%

  £5,594,938 → £5,519,373

• Employees

  -0.4%

  237 → 236

• Operating profit

  -46.9%

  £1,417,191 → £752,567

• Profit before tax

  -58.3%

  £1,269,188 → £529,712

• Wages

  +22.4%

  £7,886,546 → £9,653,831

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