PANELTEX LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. PANELTEX LIMITED 1991-08-08 → present
2. SIMPLEHIGH LIMITED 1991-05-03 → 1991-08-08

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

Streets Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing current trading levels and forecasts to 31 December 2026, and taking account of potential downside risks, the directors are confident that the Company will have adequate resources to continue in operational existence for at least the next 12 months from the date of approval of these financial statements. Thus, they continue to adopt the going concern basis of accounting.”

Group structure

1. PANELTEX LIMITED · parent
   1. Paneltex Polska Sp.zo.o 100% · Poland
   2. Paneltex (Service Division) Limited 100% · United Kingdom
   3. Percheron Trucks and Trailers Limited 100% · United Kingdom
   4. Wilsdon & Co Limited 100% · United Kingdom
   5. CSC (Specialised Vehicles) Limited 100% · United Kingdom
   6. Zeroed Limited 100% · United Kingdom
   7. Somers Refrigeration Limited 100% · United Kingdom
   8. Paneltex Inc 100% · USA

Significant events

• “The Company's revised business plan for 2024 following the bankruptcy of its significant customer, Volta Trucks, involved the closure of the North Cave plant and re-deploying the assets at the main Hull factory. The plan was successfully executed throughout 2024.”
• “Closure of Paneltex Polska is planned by the end of 2025 which will have no impact on profit as this subsidiary has not traded for many years.”
• “The sale of the Company's minority shares in Associated Plastic Components (APC) Ltd was completed in April 2025.”
• “Production Director Nigel Wilde retired in March after 33 years' service with the Company.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12.9%

  £64,983,085 → £73,371,390

• Cash

  -15.5%

  £1,935,282 → £1,635,778

• Net assets

  +44.1%

  £9,182,050 → £13,232,637

• Employees

  -8.9%

  620 → 565

• Operating profit

  +205.2%

  -£5,678,750 → £5,976,045

• Profit before tax

  +189.7%

  -£6,076,656 → £5,448,342

• Wages

  -3.6%

  £18,513,771 → £17,854,660

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