HORTON AUTOMATICS LIMITED

1. HORTON AUTOMATICS LIMITED 1989-03-10 → present
2. HORTON AUTOMATICS (UK) LIMITED 1988-12-02 → 1989-03-10

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The directors have taken note of the guidance issued by the Financial Reporting Council on Going Concern Assessments in determining that this is the appropriate basis of preparation of the financial statements and have considered a number of factors. The directors have prepared forecasts covering the period to December 2026 as well as longer term financial plans, which have been presented to the parent company. The directors believe the going concern basis to still be appropriate. Notwithstanding these positive indications of financial stability, there is a risk that the impact of the current global economic situation and the continued local 'cost of living crisis' in the UK on the company's market could be more significant than can currently be anticipated, however the directors have concluded that these circumstances do not represent a material uncertainty which could cast significant doubt on the company's ability to continue as a going concern. This is based upon the continued financial support from the wider group, whose directors have confirmed that they will enable the entity to meet its financial commitments and will not recall any intercompany positions for a period of at least 12 months from the signing of these financial statements if that would mean that the company would not have sufficient cash to operate.”

Significant events

• “There have been no significant events affecting the company since the reporting date.”

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

  +4.3%

  £5,984,739 → £6,242,867

• Cash

  +33.1%

  £606,217 → £806,883

• Net assets

  +9.7%

  £7,127,735 → £7,817,352

• Employees

  +2.4%

  42 → 43

• Operating profit

  +5.6%

  £513,013 → £541,953

• Profit before tax

  +13.8%

  £603,938 → £687,517

• Wages

  +8.6%

  £1,702,123 → £1,847,767

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