SMEG (UK) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SMEG (UK) LIMITED 1989-06-27 → present
2. LAWGRA (NO.22) LIMITED 1989-03-28 → 1989-06-27

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

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities, together with the factors likely to affect its future development and performance are set out in the Directors' Report and Strategic Report. Whilst fluctuations in demand from customers do affect the company, the company has no external debt and settles debt due to suppliers in line with terms. The company and the group continue to monitor cashflows carefully and when forecasting, management have applied appropriate downside sensitivities to reflect adverse economic conditions and its likely effect on cüstomer behaviour. Based on these considerations we conclude that the company, from the date the financial statements are approved, have sufficient cash reserves for a minimum period of 12 months, without having to seek additional funding either from external sources or from the wider Smeg group. The company is not reliant on any external banking facilities. It funds its working capital through its own extensive cash resources and, where circumstances require it, have agreements in place to access funds from its parent. The company is reliant on the wider Smeg group for the manufacture and supply of finished goods. Having considered the financial position of the group and its long-term strategy, the directors see no reason why this supply would not continue for at least 12 months from the approval of the financial statements. The directors therefore believe, based on this review and considering the evidence available, that the company has sufficient resources to fulfill its obligations and continue to trade as a going concern.”

Significant events

• “During 2024 the Company also experienced significant change within its senior leadership with the retirement of Mike Giddings as Managing Director and the appointment of Daniel Hadley as his successor.”
• “Whilst 2024 saw a steady reduction in overall inflationary pressures, global shipping costs remained volatile with attacks on shipping heading towards the Suez Canal adding cost and time delays to inbound products with transport in costs increasing by 53% since 2023.”
• “Our engagement with this group reflects the constantly changing environment and it includes: A staff only intranet site with policies and documents, training, core values, staff directories and support for employees; Increasing training to employees including appointing and training Mental Health First Aiders across the company; Free to use car charging points for staff with electric or plug in hybrid vehicles; Social activities including a company wide Christmas party and summer BBQ.”
• “Installing solar panels at the offices in Abingdon reducing the demand from the office for electricity. Establishing additional electric vehicle charging points for all drivers and visitors to the site with electric vehicles; Minimising CO2 emissions on all new company car leases to vehicles that emit less than 50g of CO2 per kilometre. Rerouting transport deliveries saving over 10,000 miles and 37 tons of carbon Reducing the use of air freight to minimise the company carbon footprint. Reducing plastic packaging and waste that surround products.”

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

  +3.3%

  £65,273,000 → £67,458,000

• Cash

  +34.6%

  £4,187,000 → £5,636,000

• Net assets

  +6.3%

  £20,170,000 → £21,450,000

• Employees

  0%

  131 → 131

• Operating profit

  +79.7%

  £851,000 → £1,529,000

• Profit before tax

  +100.3%

  £897,000 → £1,797,000

• Wages

  +6.4%

  £6,287,000 → £6,690,000

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