SILGAN CLOSURES UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 in the financial statements, which explains that the group has been unable to provide the required information to accompany their letter of support, upon which the company relies. As stated in note 1, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern

1. SILGAN CLOSURES UK LIMITED 2017-11-23 → present
2. PORTOLA PACKAGING LIMITED 1996-04-03 → 2017-11-23
3. CAP SNAP LIMITED 1995-03-10 → 1996-04-03
4. CAP SNAP (UK) LIMITED 1991-06-11 → 1995-03-10
5. PITCHPOWER LIMITED 1991-05-02 → 1991-06-11

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

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 in the financial statements, which explains that the group has been unable to provide the required information to accompany their letter of support, upon which the company relies. As stated in note 1, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern”

Significant events

• “The company has seen a decrease in annualised turnover of 26.7% due to slightly lower volume but primarily through lower prices as a result of lower raw material and energy prices.”
• “The company's financial position declined due to the operating loss in the year, resulting in retained earnings further in deficit by £12,413K.”

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

  -26.7%

  £24,349,000 → £17,850,000

• Cash

  -63.8%

  £467,000 → £169,000

• Net assets

  -43.1%

  -£7,975,000 → -£11,413,000

• Employees

  -9.5%

  84 → 76

• Operating profit

  -140.5%

  -£884,000 → -£2,126,000

• Profit before tax

  +67.2%

  -£10,632,000 → -£3,484,000

• Wages

  -9.2%

  £3,914,000 → £3,553,000

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