SEACON (EUROPE) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SEACON (EUROPE) LIMITED 1998-09-29 → present
2. SEA CONNECTIONS SYSTEMS LIMITED 1987-03-05 → 1998-09-29
3. RAPID 2669 LIMITED 1987-02-19 → 1987-03-05

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

Rödl & Partner Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Director have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Whilst overseas competition and raw materials prices present continuing uncertainties, the economic environment presents both short-term and long-term challenges to management.”
• “Globally, TE Connectivity as a group is in a very strong position, both financially and non-financially, and the group as a whole remains largely operational at this time and has given its commitment to remain operational as far as it is possible within the government guidelines. As a group, it continues to service key customers who are indirectly/directly involved in vital services and products such as the manufacturing of medical devices and equipment that are necessary in the covid-19 pandemic.”
• “This uncertainty facing the business is the impact of oil prices on the level of work available, due to customers delaying projects when market conditions change, such as the crisis in Ukraine. However, Management believe that post year end performance to date does not suggest any adverse impact from this.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +31.4%

  £17,054,810 → £22,417,859

• Cash

  +41%

  £13,798,167 → £19,459,666

• Net assets

  +34.4%

  £18,372,671 → £24,698,241

• Employees

  +10%

  70 → 77

• Operating profit

  +71.5%

  £4,389,859 → £7,526,983

• Profit before tax

  +73%

  £4,838,528 → £8,371,360

• Wages

  +6.4%

  £2,899,954 → £3,085,311

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