FRANCHI PLC

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. FRANCHI PLC 2010-06-08 → present
2. FRANCHI LOCKS & TOOLS PUBLIC LIMITED COMPANY 2010-06-08 → 2010-06-08
3. FRANCHI LOCKS & TOOLS LIMITED 1986-01-16 → 2010-06-08

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

Nash Harvey Group LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 directors have changed the year end of the Company to the end of September to demonstrate to stakeholders that the Company has turned the corner and is now profitable.”
• “At the 6 month period the Company had a profit after tax of £0.05 million and negative shareholders funds of £0.40 million. There are no bank loans or overdrafts, but there is an invoice discounting facility of £1.5m. The unsecured loan from the previous owner, G Franchi, has been converted to preference shares. A private investor provided a loan to the Company of £0.5m in October 2021 with annual interest of 6%, and a loan of £0.5 million in March 2023 with annual interest of 9%. Both of these loans have been secured on external assets and are repayable in full on 31 December 2025. This private investor provided an additional unsecured loan of £0.2 million in February 2024 with annual interest of 9% and repayable at £25,000 every 3 months, and in May 2024 an additional loan of £0.5m secured on external assets with annual interest of 9%.”

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

1

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

  -44.1%

  £11,875,557 → £6,638,291

• Cash

  -30.9%

  £30,003 → £20,729

• Net assets

  +52.8%

  -£855,785 → -£404,246

• Employees

  0%

  75 → 75

• Operating profit

  +156.2%

  -£476,335 → £267,755

• Profit before tax

  +112%

  -£884,552 → £106,276

• Wages

  -46.6%

  £3,458,536 → £1,845,842

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