FIBRELINE LIMITED

1. FIBRELINE LIMITED 1993-04-21 → present
2. FIBRELINE (YORKSHIRE) LIMITED 1982-10-14 → 1993-04-21
3. SIMCO NO. 15 LIMITED 1982-08-11 → 1982-10-14

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

Auditor

Henton & Co LLP

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 financial statements are authorised for issue.”

Significant events

• “The year has been incredibly challenging for the whole furniture industry. Sales volumes achieved were comparable with the previous year but margin was impacted by a very competitive marketplace and rising costs, principally through government policies on employment costs.”
• “The company has continued to invest in infrastructure and technology to improve capacity and capability.”
• “Recognising the continued need for staff development the business also launched its own internal Cushion College training program. Building on the experience of the apprenticeship schemes, Cushion College now forms the basis for the development of all employees in the business.”

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

Filings

4

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

  -0.1%

  £24,054,783 → £24,042,401

• Cash

  -29.9%

  £5,823,753 → £4,084,956

• Net assets

  +17.2%

  £6,152,255 → £7,209,017

• Employees

  +2.4%

  245 → 251

• Operating profit

  -31.5%

  £2,582,441 → £1,767,721

• Profit before tax

  -30%

  £2,611,947 → £1,827,972

• Wages

  +7.2%

  £6,415,491 → £6,877,953

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