EPSON TELFORD LIMITED

1. EPSON TELFORD LIMITED 1987-01-21 → present
2. DIKAPPA (NUMBER 448) LIMITED 1987-01-15 → 1987-01-21

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the Company's ability to operate within the financial resources available to it in excess of 12 months from the approval of these financial statements through to 31 March 2027. The company operates as a manufacturing facility within the Seiko Epson Corporation ("SEC") group and in doing so is established based on transfer pricing arrangements which are designed to result in the Company returning a positive level of profitability commensurate with its operations. The directors are satisfied that the existence of forecast production plans and agreed pricing policies in respect of the period through to 31 March 2027 provide adequate evidence of the wider SEC group's intent to continue to source product from the Company on this basis. In the normal course of business, where for whatever reason, the Company requires additional funding from Epson Europe B.V., the directors have obtained confirmation that such funding will be made available in accordance with SEC stated policy. Having considered all the above, the directors have concluded that it is appropriate to prepare these financial statements on a going concern basis.”

Significant events

• “The commencement of a new production process, fully installed at the start of the year, marked a significant step forward in operational capability and supported the company's growth strategy.”
• “In 2024, a major milestone was achieved with the successful completion of a pension buy-in transaction for £11,866,006, transferring the liabilities of the Epson Telford Limited (ETL) Defined Benefit Pension Scheme to Pension Insurance Corporation (PIC), thereby strengthening the company's financial position.”
• “Repayment of Group loan of £12,000,000, during the year. Only £3,000,000 outstanding.”
• “A new production process has been implemented to reduce environmental impact by refilling old used cartridges, giving them a new lease of life and reducing overall waste.”

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

Filings

6

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

  -7.7%

  £75,471,000 → £69,679,000

• Cash

  -46%

  £13,055,000 → £7,053,000

• Net assets

  +10.3%

  £39,354,000 → £43,427,000

• Employees

  -1%

  402 → 398

• Operating profit

  -12.1%

  £3,319,000 → £2,916,000

• Profit before tax

  +159.1%

  -£7,987,000 → £4,718,000

• Wages

  +2.2%

  £14,612,000 → £14,936,000

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