HILL'S PANEL PRODUCTS 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

Pierce C A Limited

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.”

Significant events

• “A new router, representing an investment of approximately £1 million, is currently on order and scheduled for installation in early 2026. This upgrade will significantly enhance capacity, efficiency, and resilience within our core vinyl wrapped door production area.”
• “Our e-commerce channel continues to deliver robust results and will soon be further strengthened by the launch of an upgraded website, offering an improved user experience and expanded functionality. Additionally, our recently refreshed suite of marketing literature will support our continued commercial success.”
• “We are also preparing for several exciting new product launches, most notably the introduction of flooring, a new category within our range. This will include the prestigious Karndean brand, bringing immediate credibility and access to new customer segments. Furthermore, we plan to explore vertical opportunities within our existing product lines to identify and serve currently underrepresented niches.”

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

Filings

3

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

  -3.4%

  £34,403,402 → £33,237,284

• Cash

  -66.7%

  £281,826 → £93,736

• Net assets

  -1.4%

  £11,079,323 → £10,924,354

• Employees

  +0.5%

  194 → 195

• Operating profit

  -106.8%

  £1,703,097 → -£116,474

• Profit before tax

  -108.1%

  £1,682,469 → -£135,474

• Wages

  +14.2%

  £6,030,003 → £6,884,580

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