SIGMATEX (UK) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. SIGMATEX (UK) LIMITED 1987-01-21 → present
2. TECNOTEX LIMITED 1987-01-02 → 1987-01-21
3. PATHBUSY LIMITED 1986-10-20 → 1987-01-02

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

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group's and parent 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.”

Group structure

1. SIGMATEX (UK) LIMITED · parent
   1. Sigmatex (Shanghai) Composite Materials Co. Ltd 100% · China · Weaving of composite fibres
   2. Sigmatex Carbon Textile Solutions Inc 100% · USA · Weaving of composite fibres
   3. Sigmatex North America Inc 100% · USA · US Subsidiary Holding Company

Significant events

• “2024 was a year of mixed results for the group due to a combination of demand volatility and intemal improvement actions required to drive long-term success.”
• “Our US Operations is where we experienced out bigger challenge as a business. This operation has grown at a fast rate over the last 5 years and several growing pains emerged as a result. Through 2024 we decided to reset our focus to ensure we are able to perform to the highest levels in terms of quality, capacity and service level.”
• “Through 2025 we have identified tariffs and the risk of global trade wars as the principal risk to our business. Such a situation could have both short and long-term impacts to demand and supply chains.”
• “In our US business labour remains a specific risk to that business unit. We have made a lot of progress over the last 12 months on our approach to recruitment and retention of staff, and feel those strategies will remain effective through subsequent years.”
• “The business outlook for 2025 looks challenging, but we have a quiet confidence we can achieve both top line growth and improved profitability vs 2024. This is based on a healthy pipeline of new business opportunities, and the fruition of the improvement work undertaken over the last year.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -5.9%

  £74,059,478 → £69,680,434

• Cash

  -23%

  £1,858,545 → £1,431,485

• Net assets

  +1.5%

  £12,233,331 → £12,417,748

• Employees

  -2.1%

  243 → 238

• Operating profit

  -27.1%

  £2,551,660 → £1,861,380

• Profit before tax

  -48.1%

  £1,354,676 → £702,728

• Wages

  +2.1%

  £9,738,771 → £9,941,702

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