GARLAND PRODUCTS LIMITED

1. GARLAND PRODUCTS LIMITED 1994-07-18 → present
2. M.R.G. (STOURBRIDGE) LIMITED 1980-10-16 → 1994-07-18

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

Consolidated group

Auditor

Langard Lifford Hall Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“However, as not all future events or conditions can be predicted, such as the impact of Covid-19, and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the absence of reference to a material uncertainty in this auditor report is not a guarantee that the company will continue in operation as a going concern.”

Group structure

1. GARLAND PRODUCTS LIMITED · parent
   1. Glendenning Plastics Limited 100% · UK
   2. Glendenning Mouldings Limited 100% · UK
   3. Worth Gardening Limited 75% · UK

Significant events

• “The group experienced significant sales growth in the horticultural market during the Covid-19 pandemic. With movements restricted, consumers were forced to spend more time at home and in their gardens, meaning they increased their spend proportionately on products for the home and garden. This phenomenon was seen in both our home and export markets. The benefit of increased sales was somewhat offset by increases in the costs of energy and raw materials which did impact on operating margins. The growth has naturally fallen as people have returned to work and the group results have returned to pre-pandemic levels. Despite an increase in turnover this year margins have fallen as a result of increased wages and energy costs.”

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

Filings

2

last 12 months

Capital events

0

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

  +3.1%

  £10,824,174 → £11,157,215

• Cash

  +14.6%

  £1,902,818 → £2,181,445

• Net assets

  -1.5%

  £5,222,407 → £5,145,096

• Employees

  +2.6%

  114 → 117

• Operating profit

  -68.6%

  £810,332 → £254,151

• Profit before tax

  -65.4%

  £798,271 → £276,061

• Wages

  +10.2%

  £2,476,992 → £2,728,963

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