PANAZ 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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PM+M Solutions for Business LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite the economic complexities and continued barriers to export from geopolitical issues the directors are confident that profit will be generated for the full year in 2025/26 and Panaz is in a strong position to grow in the years to come.”

Significant events

• “The London Showroom in Clerkenwell has been added as a facility for our sales team this year and it is proving a valuable hub for customers.”
• “Panaz has since its inception set high standards reducing its environmental impact. We were the first company in our industry to utilise waterless printing methods. We have also conducted a carbon measurement this year that allows us to benchmark our progress to net zero. We have also completed certification with Evergreen sustainable supplier assessment and continue to be SEDEX registered for ethical employment practices.”
• “Revenue increased in 2024-25 but operating profit was more challenging. The operating profit return is lower in comparison to 2023-24 and this is due to significant investment in sustainability, infrastructure, personnel and technology, much of which benefits the whole group.”
• “The UK economy has remained challenging, with growth continuing to underperform expectations through 2024. Although inflationary pressures have eased compared to the prior year, the persistence of relatively high interest rates by the Bank of England continues to constrain investment and dampen consumer confidence across a number of the sectors in which we operate.”
• “The ongoing disruption in the Suez Canal and wider Red Sea region has created continued cost and lead-time pressures, although global freight markets have shown greater stability compared with the immediate post-pandemic period.”

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

  -3.7%

  £21,019,706 → £20,242,580

• Cash

  -18.8%

  £2,241,952 → £1,821,336

  lowest in 5 filed years

• Net assets

  +7.2%

  £6,343,494 → £6,798,270

• Employees

  +2.1%

  94 → 96

  highest in 5 filed years

• Operating profit

  -35.4%

  £1,592,525 → £1,028,239

  lowest in 4 filed years

• Profit before tax

  -35.8%

  £1,592,525 → £1,023,014

  lowest in 5 filed years

• Wages

  +13.9%

  £3,327,434 → £3,788,780

  highest in 5 filed years

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