FLEXTRONICS GLOBAL SERVICES (MANCHESTER) LIMITED

1. FLEXTRONICS GLOBAL SERVICES (MANCHESTER) LIMITED 2008-04-08 → present
2. SERVICE SOURCE EUROPE LIMITED 2008-03-28 → 2008-04-08
3. FLEXTRONTICS GLOBAL SERVICES (MANCHESTER) LIMITED 2008-03-27 → 2008-03-28
4. SERVICE SOURCE EUROPE LIMITED 1997-04-25 → 2008-03-27
5. DELOSTAR ELECTRONICS LIMITED 1986-06-10 → 1997-04-25

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 101

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

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

• “The principal business risk affecting the company relates to the loss of a major customer as the majority of our trade is with two main customers and the current contract with one of these customers is for 3 years and includes a 6-month disengagement clause the other is a one year contract with one year extension.”
• “The company's overall aim is to increase its turnover and profitability through the growth of its warranty parts supply and reverse logistics business, developing its existing customer base but more importantly by expanding the range of customers using this unique service.”
• “The directors are monitoring the company's trading prospects and are focused on continued profitability. Continuing efforts will be made to expand our current service offering to existing customers and new customers, together with maintaining net working capital and improving profitability.”

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

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -8.6%

  £57,622,725 → £52,693,700

• Cash

  +53.9%

  £51,350 → £79,016

• Net assets

  +12.5%

  £16,070,689 → £18,077,883

• Employees

  -9%

  288 → 262

• Operating profit

  -48.9%

  £3,646,449 → £1,862,861

• Profit before tax

  -53.8%

  £4,372,159 → £2,021,232

• Wages

  -3.4%

  £7,017,231 → £6,779,876

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