LEEDS PLYWOOD & DOORS 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

Azets Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis. The company's business activities, together with the factors likely to affect its future development, performance and position, are set out in this Strategic Report. The Directors therefore have a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future and for these reasons they are continuing to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The 2025 financial year has seen a stronger performance compared to 2024 with growth in sales and EBITDA. We have a positive outlook for the 2026 financial year ahead forecasting further growth.”
• “The Group was in breach of the Leverage and Interests cover covenants on the rolling 12-month basis, due to the Red Sea route closure leading to reduced shipping and container availability, which impacted revenue and EBITDA, and therefore the Group undertook another refinancing with HSBC to reset facilities and covenants for future trading.”
• “The signed Heads of Terms agreed to a £3.5 million reduction in the debt capital value, the removal and erasure of all existing interest obligations accrued to date being £3.09 million, a thirty six month interest free period from the date of the signing of the final legal agreement and also contained an agreed repayment plan over a five-year period.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -7.9%

  £58,250,747 → £53,667,787

  lowest in 4 filed years

• Cash

  -72.6%

  £454,327 → £124,661

  lowest in 4 filed years

• Net assets

  -7.7%

  £22,441,140 → £20,715,573

• Employees

  -1.3%

  239 → 236

• Operating profit

  -123.8%

  £2,001,120 → -£475,604

  lowest in 4 filed years

• Profit before tax

  -242.6%

  £1,437,420 → -£2,050,413

  lowest in 4 filed years

• Wages

  +6.4%

  £6,866,933 → £7,306,429

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