SERVICE TIMBER 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

TC Group

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 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. SERVICE TIMBER LIMITED · parent
   1. Service Timber Properties Ltd 100% · UK
   2. Powerfast (Yorkshire) Limited 100% · UK

Significant events

• “Research and development is something we invest heavily in, we are constantly looking at new products putting many hours into the development of products to meet our customer needs, also investing in machinery to deliver new and existing products.”
• “We have invested in solar to supplement our electricity consumption and biomass to heat the site using the waste from our own production. This investment has continued to grow and despite the reduction in government support for R&D we continue to make it an important part of who we are.”
• “We are committed to reducing our carbon footprint by using our waste to heat the site, investing in solar to supplement our power usage and working with partners to further reduce our activities' impact on the planet. We have continued investment by recycling all of our packaging waste across the entire site.”
• “We are FSC and PEFC Certificated, so committed to Chain of Custody on all our timber products. We are also proud members of the NETTA committee and are proud to announce that one of our employees will be the upcoming Chairman.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -2%

  £27,984,880 → £27,432,529

• Cash

  -91.2%

  £439,710 → £38,510

• Net assets

  -2.9%

  £7,693,664 → £7,466,861

• Employees

  +1.4%

  141 → 143

• Operating profit

  +1.7%

  £692,294 → £704,066

• Profit before tax

  -2.1%

  £594,982 → £582,644

• Wages

  +5.6%

  £4,768,054 → £5,034,898

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