E.T.C. SAW MILLS LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements show that the company made a loss for the year of £2,697,206 and had net current liabilities of £3,247,888 at the balance sheet date. The directors have therefore had to considered the appropriateness of the going concern basis. Since the year-end the company's management accounts show further losses of £247,288. However since the year-end the company has new owners who have prepared financial forecasts showing a return to profitability. The directors believe that with the support and direction of the new owners as at the date of signing, the company will be able to meet its obligations as they fall due for at least the next twelve months. Therefore the directors consider it appropriate to prepare the accounts on the going concern basis.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. E.T.C. SAW MILLS LIMITED 1983-07-21 → present
2. E.T.C. SAW MILLS (1979) LIMITED 1979-12-31 → 1983-07-21
3. PALECROWNS LIMITED 1979-06-29 → 1979-12-31

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kilsby & Williams LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements show that the company made a loss for the year of £2,697,206 and had net current liabilities of £3,247,888 at the balance sheet date. The directors have therefore had to considered the appropriateness of the going concern basis. Since the year-end the company's management accounts show further losses of £247,288. However since the year-end the company has new owners who have prepared financial forecasts showing a return to profitability. The directors believe that with the support and direction of the new owners as at the date of signing, the company will be able to meet its obligations as they fall due for at least the next twelve months. Therefore the directors consider it appropriate to prepare the accounts on the going concern basis.”

Significant events

• “On 21 May 2025, the company was acquired by A.W. Jenkinson Holdings Limited, resulting in a change in control. This transaction occurred after the reporting date and therefore is classified as a non-adjusting event. The directors consider the event to be material due to its impact on the future operations of the company.”

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

Filings

20

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.1%

  £9,145,000 → £10,346,713

• Cash

  +12.9%

  £689 → £778

• Net assets

  -76.7%

  £3,514,667 → £817,461

• Employees

  +2.2%

  89 → 91

• Operating profit

  -14.4%

  -£2,507,003 → -£2,868,056

• Profit before tax

  -58.9%

  -£1,838,455 → -£2,922,045

• Wages

  +23.9%

  £2,328,254 → £2,884,695

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