SAS HOLDINGS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SAS HOLDINGS LIMITED 1988-09-09 → present
2. SPECIAL ACOUSTIC SERVICES GROUP HOLDINGS LIMITED 1983-02-07 → 1988-09-09

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that preparing the financial statements on the going concern basis is appropriate. The company's and group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company and group should be able to pay their debts as they fall due. After making enquiries, the directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. SAS HOLDINGS LIMITED · parent
   1. SAS International Limited 100% · England and Wales · Design, manufacture and installation of suspended ceilings, partitioning and other building products. Provision of project management services on construction projects.
   2. SAS Building Factors Ireland Limited 90% · Republic of Ireland · Distribution of suspended ceilings, partitioning and other building products.
   3. SAS International Australia Pty Limited 100% · Australia · Distribution of suspended ceilings, partitioning and other building products.
   4. SAS International Hong Kong Limited 100% · Hong Kong · Design and installation of suspended ceilings, partitioning and other building products. Provision of project management services on construction projects.
   5. SAS International Inc. 100% · USA · Design and distribution of suspended ceilings, partitioning and other building products.
   6. Systèmes Acoustiques Spéciaux SAS 100% · France · Distribution of suspended ceilings, partitioning and other building products.
   7. Truline Systems Limited 100% · England and Wales · Design and manufacture of partitioning and door systems.

Significant events

• “The group has traded below expectations in 2024, against the backdrop of a challenging international macroeconomic environment, and a continued subdued outlook in the UK construction market. Whilst revenue grew year on year in the UK and Rest of World geographies, total group revenue declined overall by 2%, reflecting a reduced level of activity in Commercial and Infrastructure sectors.”
• “Material cost inflation continued to be a challenge across international markets, and employment costs also rose in the UK and overseas due to continued inflationary pressures. Operating margins consequently deteriorated, as the group continued to invest in product, people and technology projects that will benefit the business beyond 2024.”
• “Operating cash flows of the Group were positive and satisfactory in the circumstances, albeit not as strong as in 2023.”
• “On 8 July 2024, the directors recommended the payment of a final dividend of £4,000,000 (equivalent to £24.04 per ordinary share) for the year ended 31 December 2023.”
• “Subsequent to the balance sheet date, on 26 June 2025 the directors recommended the payment of a final dividend of £4,500,000 (equivalent to £27.04 per ordinary share) for the year ended 31 December 2024.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.