THOMAS DUDLEY LIMITED

1. THOMAS DUDLEY LIMITED 1989-09-20 → present
2. THOMAS DUDLEY MANUFACTURING LIMITED 1989-06-29 → 1989-09-20

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

Bache Brown & Co Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. THOMAS DUDLEY LIMITED · parent
   1. Rugby Plastics Limited 100% · England and Wales
   2. Thomas Dudley Foundry Limited 100% · England and Wales
   3. Waterfit Limited 100% · England and Wales

Significant events

• “Turnover was up by just 0.4% despite a small price increase in the year as volumes fell. The first half of the year was very tough from a trading point of view as the general election appeared to weigh on business and consumer confidence.”
• “Following the election, trade picked up in the third quarter before losing momentum again as consumers worried about what was coming in the autumn statement from the new government.”
• “Operating profit increased by just 0.8% compared to 2023 as a result of the slightly higher turnover with overheads being carefully controlled and margins maintained.”
• “The liquidity ratio decreased in 2024 to 13.8 from a figure of 17.1 in 2023. The cash balance continues to roughly cover all of the outstanding liabilities of the company as at the year end.”
• “The balance sheet continues to improve with an increase in shareholders' funds of 1.3% after a net dividend paid up to Thomas Dudley Group Limited of £2m and net current assets have increased by 10.3% as a result of the company's profitability.”
• “The main risks to the company are volatile customer demand due to general economic uncertainty plus the additional uncertainty as a result of the new administration in the US which has introduced a high level of tariffs which has acted to dampen consumer demand and business investment.”
• “In addition other risks continue to be, mandatory wage increases, energy costs, skills shortages and foreign currency exposure.”
• “Skilled labour continues to be in short supply so we have recruited a number of apprentices.”
• “Competition within our market continues to be fierce both from imports and two foreign competitors who purchased UK brands and businesses to assist with their UK market penetration.”
• “In summary, given these risks and uncertainties, we are aware that the future development of the business may be influenced by unforeseen future events outside our control but feel that the current strategy of investment in acquisitions, plant and equipment, training and educating our workforce, increasing awareness of manufacturing in education, developing new innovative products and factoring risk into our decision making is correct for the long term success of the business.”

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

  +0.4%

  £28,917,913 → £29,029,046

• Cash

  +9.6%

  £1,214,162 → £1,330,641

• Net assets

  +1.3%

  £20,427,108 → £20,702,759

  highest in 5 filed years

• Employees

  -1.4%

  216 → 213

• Operating profit

  +0.8%

  £2,858,087 → £2,881,721

  highest in 4 filed years

• Profit before tax

  +18.8%

  £2,864,599 → £3,403,819

  highest in 5 filed years

• Wages

  +2.8%

  £7,289,091 → £7,492,744

  highest in 5 filed years

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