FILMS AT 59 LIMITED

1. FILMS AT 59 LIMITED 1990-06-28 → present
2. MAINREADY LIMITED 1990-06-01 → 1990-06-28

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

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the principal risks to the Company and feel that there is an underlying strong demand for our services that will underpin future trading, although with an industry wide slowdown in commissioning, this will probably impact our financial performance in 2025. The impact of the SVOD services on production is slowing, amidst a challenging inflation and interest rate backdrop, however long term, we feel there is still a market for quality content as these services need this to keep their libraries interesting and fresh for their subscribers. We are also in a difficult period of global instability, as a number of factors continue to disrupt supply chains, increase the cost of energy, and generally raise inflation and interest rates to uncomfortable levels. These factors are all outside of our control, however a careful and prudent approach to investment, as well as maintaining strong cost controls, are seen as a sensible response. We always work closely with our clients to maximise their production budgets, and with upward pressure on costs, this is more important than ever. Taking these factors into consideration, and also with reference to the strength of the company's balance sheet and forward order book, the directors believe the company will be able to continue to trade for the foreseeable future.”

Significant events

• “Investment in 2024 was muted as a result of decreased demand for our services, offset slightly by the need to replace equipment lost in a fire at one of our premises in Dec 2023.”
• “The fire in December 2023 had a major impact on our hire department... and the insurance claim process has concluded with a positive outcome.”
• “During the year the company received insurance income in relation to the fire that took place in December 2023. The income recieved has been used in the year to replace impaired assets lost in the fire and for business continuity.”

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

  -28.5%

  £16,455,565 → £11,759,519

• Cash

  +19.1%

  £7,674,287 → £9,142,095

• Net assets

  +13.6%

  £13,746,527 → £15,617,067

• Employees

  -7.4%

  162 → 150

• Operating profit

  +284.3%

  £611,297 → £2,349,203

• Profit before tax

  +254.8%

  £701,512 → £2,489,188

• Wages

  -7.9%

  £5,896,255 → £5,430,836

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