HEMSEC MANUFACTURING 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

Lonsdale & Marsh

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “During the period, the structural insulated panel (SIPs) market experienced a gradual increase in activity. However, continued delays in policy development relating to modern methods of construction (MMC) have limited the pace of growth within this sector, presenting ongoing challenges in increasing capacity utilisation and revenue.”
• “The Company remains actively engaged in supporting the advancement of MMC and is well positioned to respond as the market develops. At the same time, it continues to maintain a strong and consistent performance within its established steel insulated panel market, ensuring a balanced and resilient approach across its product ranges.”
• “The Company operates within the construction sector and is therefore exposed to fluctuations in market demand. Changes in economic conditions, including interest rate movements and inflationary pressures, may influence customer spending and the timing of projects.”
• “The Company is exposed to volatility in the cost and availability of key raw materials, including steel, chemicals and insulation components. Increases in input costs or disruptions within the supply chain may adversely affect margins and production schedules.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -27.8%

  £17,322,682 → £12,514,175

• Cash

  +1.1%

  £725,489 → £733,335

• Net assets

  -3.4%

  £2,715,572 → £2,623,634

• Employees

  -2%

  49 → 48

• Operating profit

  +94.4%

  -£458,751 → -£25,878

• Profit before tax

  +74.2%

  -£534,803 → -£137,900

• Wages

  -17.4%

  £2,421,033 → £1,999,439

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