HAFELE U.K. LIMITED

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

Rödl & Partner Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Significant events

• “The ongoing economic challenges in the UK have curtailed our performance in 2024. Persistent high inflation and interest rates have continued to impact consumer confidence and spending in the markets we serve.”
• “The ongoing wars in Gaza and Ukraine continue to highlight the risk of globalization. Shipping costs were high as we came into 2024, as imports from Far East had to take the longer route around Africa.”
• “Changes to Employers' National Insurance, announced in the October 2024 Budget, will not only add significant cost to our labour bill, but will also impact all companies in the UK and ultimately drive up prices, putting inflationary pressure back into the economy.”
• “As we move into 2025, inflation is expected to stabilise, and interest rates are expected to gradually fall through the year. Whilst this is encouraging, we are not expecting consumer confidence to improve significantly until H2 2025 and as such, we will continue to manage our cost base closely.”

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

  -0.5%

  £102,972,000 → £102,487,000

• Cash

  0%

  £3,000 → £3,000

• Net assets

  -6%

  £31,443,000 → £29,541,000

• Employees

  -5.5%

  398 → 376

• Operating profit

  +56.7%

  £2,883,000 → £4,517,000

• Profit before tax

  +116%

  £1,915,000 → £4,136,000

• Wages

  +1.9%

  £15,002,000 → £15,281,000

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