MAXELL EUROPE LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MAXELL EUROPE LIMITED 1994-04-01 → present
2. MAXELL (U.K.) LIMITED 1980-12-31 → 1994-04-01
3. WATLING FORTY SEVEN LIMITED 1980-03-18 → 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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are satisfied, based on current projections, that Maxell Europe Limited has and will continue to have sufficient cash resources to meet its liabilities as they fall due for the period of 12 months from the date of approval of balance sheet. As part of the review the directors produced a cash flow forecast based on the current internal forecast for FY2026 and long term planning targets for FY27 which covers the going concern assessment period. In the event of a severe downside scenario the company has sufficient cash resource to maintain its going concern status throughout the assessment period. There is no significant capital expenditure planned in the going concern assessment period. The directors have obtained a letter of support from Maxell Limited, which states that they will provide financial support to assist the company in meeting their liabilities as and when they fall due but only to the extent that money is not available to the company to meet such liabilities.”

Group structure

1. MAXELL EUROPE LIMITED · parent
   1. Maxell Spain S.A. 0.15% · Spain · distribution of multimedia products

Significant events

• “Turnover decreased by €17,287,000 during the year due to the significant reduction in lens sales that more than offset the increase in demand for some of the battery products and in addition this was combined with the no contribution of the injection moulding business following its disposal on 1 August 2023.”
• “The operating profit increased by €115,000 in the year primarily due to the fact that the gross profit only reduced slightly despite the significant reduction in turnover as noted above but we had a reduction in certain employee related administration costs following the sale of the injection moulding business.”
• “The profit after tax reduced by €72,000 as a result of the improvement in operating performance as noted above not quite offsetting the profit on disposal of the injection moulding business (2024: €305,000).”
• “The shareholder funds improvement is attributed to increased profitability and a remeasurement gain in respect of the closed defined benefit pension scheme.”
• “The company's cash levels have decreased by €10,390,000 primarily due to making an intercompany loan of €10,000,000 to its parent company since October 2024 as disclosed in the prior year financial statements.”
• “As disclosed in the prior year accounts, in prior year the company decided to transfer the fixed assets, inventory and employees of its moulding division into a new entity called Molymer Moulding Services Limited. Shares held by Maxell Europe Limited in that entity were subsequently sold on 1 August 2023. All future operating costs associated with the Telford manufacturing site were assumed by Molymer Moulding Services Limited from 1 August 2023.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -20.5%

  £73,180,479 → £58,195,215

• Cash

  -50%

  £17,998,440 → £8,991,852

• Net assets

  +10%

  £25,046,810 → £27,562,413

• Employees

  -23.5%

  51 → 39

• Operating profit

  +4.6%

  £2,172,330 → £2,272,018

• Profit before tax

  -2.9%

  £2,487,864 → £2,415,915

• Wages

  -6.6%

  £3,124,133 → £2,918,689

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