TECONNEX LIMITED

1. TECONNEX LIMITED 1998-01-09 → present
2. SMITH & JOHNSON (KEIGHLEY) LIMITED 1997-03-26 → 1998-01-09
3. ATHERMONT LIMITED 1979-09-07 → 1997-03-26

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have performed a going concern assessment of the Company covering a period of at least 12 months from the date of approval of these financial statements. This included a downside scenario with a 10% revenue decline through 2025 and into 2026, impacting profitability and liquidity. While no mitigating actions were assumed, the directors would reduce discretionary capital and R&D expenditure, if needed, to maintain liquidity. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. TECONNEX LIMITED · parent
   1. Connectors Limited 100% · UK
   2. Teconnex Funwick Holdings Limited 50% · Hong Kong
   3. Teconnex Funwick Precision Technology (Kunshan) Co Limited 50% · The People's Republic of China
   4. Teconnex Mexico S de RL de CV 100% · Mexico
   5. Teconnex Europe SRL 100% · Romania
   6. Teconnex India Private Limited 100% · India
   7. Teconnex North America LLC 100% · US

Significant events

• “In 2024 Teconnex recorded an 11% year-on-year reduction in emissions from UK operations and a 23% decrease in non-renewable electricity consumption across its UK and Romanian facilities from the expansion of on-site solar photovoltaic capacity, and the implementation of a range of energy efficiency measures.”
• “In August 2024 Hexadex, the owners of Teconnex became majority owned by their employees through the Hexadex Employee Ownership Trust. Gifts of profit made to the EOT in the year amounted to £6,500,000.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -6.7%

  £64,171,000 → £59,887,000

• Cash

  -14.9%

  £5,788,000 → £4,924,000

• Net assets

  -1.9%

  £21,616,000 → £21,211,000

• Employees

  -5.9%

  425 → 400

• Operating profit

  +24.8%

  £8,290,000 → £10,345,000

• Profit before tax

  +30.9%

  £8,091,000 → £10,595,000

• Wages

  +1.5%

  £14,463,000 → £14,675,000

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