F BENDER LIMITED

• ◆

  5 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. F BENDER LIMITED 1993-03-26 → present
2. F. BENDER WREXHAM LIMITED 1984-05-16 → 1993-03-26

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is funded by a combination of loans from its parent company, an asset-based loan, and an uncommitted invoice discount facility. Over the last two years Bender's directors, with the support of their shareholders have mitigated the impact of Brexit uncertainty, Covid and escalating energy prices. Looking forward Benders has contracted customers and relatively secure supply chains that are supplying products into markets where demand is exceeding supply. Clearly the war in the Ukraine creates another risk, but as above the directors are confident given the market demand for their products, the latest risk can be mitigated. The company has obtained written confirmation of support from its parent company for at least the period to 30 June 2026. Historically the parent company has always supported Benders. Should the external funding remain in place and based on the confirmation of support provided by the parent undertaking, the forecasts indicate the entity will be able to continue to operate for at least the period to 30 June 2026. Given this, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “2024 has been a challenging year for the business. Unexpected changes to European environmental legislation led to a key material being re-classified. Dispersion coated materials which had originally been certified outside of the scope of the Single Use Plastic Directive (SUPD) and considered as more environmentally friendly were re-classified. The changes leading to a significant drop in turnover and a corresponding hit to overall profitability as customers switched to alternatives.”
• “During the financial year, the directors took the strategic decision to refinance the business to support future developments and enhance operational efficiency. This involved renewing our confidential invoice discounting facility and securing a new plant and machinery loan, both of which are agreed for a term of five years. These measures were undertaken to raise capital, which will be utilised for upcoming projects aimed at improving the efficiency and growth of the company.”
• “While already started in 2024, Benders will complete the replacement of its old technology with new machinery all with the capability to process next generation environmentally friendly materials at a lower production cost.”
• “Flo Group, Benders owners continue to develop their Pan-European operations with Benders future increasingly being shaped by (Flo Group) integrated product and market activities.”

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

Filings

18

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  -14.4%

  £36,069,000 → £30,891,000

• Cash

  +84.9%

  £279,000 → £516,000

• Net assets

  -55.5%

  £357,000 → £159,000

• Employees

  -4.6%

  174 → 166

• Operating profit

  -136.8%

  £834,000 → -£307,000

• Profit before tax

  -648.4%

  £190,000 → -£1,042,000

• Wages

  +1.3%

  £6,228,000 → £6,312,000

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