DELTA DISPLAY LIMITED

1. DELTA DISPLAY LIMITED 1991-09-26 → present
2. OCEANDELTA LIMITED 1991-07-09 → 1991-09-26

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“We are responsible for concluding on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern... 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. The Directors of the Group headed up by the ultimate parent Company (of which the Company is a subsidiary) have undertaken a risk assessment and forecasting exercise to assess the Group and parent company's liquidity position and covenant compliance. The forecast for the going concern period has been prepared using the plan approved by the Board. The Directors pay careful attention to the cost base of the Group ensuring not only that it is kept at a level to satisfy the commercial requirements but also that it remains appropriate to the level of activity of the Group and the financial resources available to it. For the purposes of the going concern assessment, the Directors have performed sensitivity analysis on cashflows and borrowing covenants based on unforeseen changes in demand. In addition, reverse stress testing has been performed to establish the levels of performance where cash availability or covenant compliance would be breached. The results of the analysis demonstrated that there was sufficient cash availability within the current banking facilities to deal with all of the identified plausible scenarios. The Company is a significant trading subsidiary of the Group headed up by the ultimate parent Company and has net assets as at 31 December 2024. Based on the Group's current trading performance, the sensitivity and reverse stress testing scenarios performed and the additional considerations undertaken by the Company, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of no less than twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. DELTA DISPLAY LIMITED · parent
   1. Delta MPD Inc 100% · USA
   2. Delta Soho Digital Limited 100% · England

Significant events

• “The results, as set out on page 13, show a loss for the financial year of £2,871,762 (2023: profit of £1,018,662). The shareholders' funds of the Company total £8,025,774 (2023: £10,897,536). The loss was the result of the relocation of our production facilities from Waltham Abbey to a new, state-of-the-art site in Bishops Stortford.”
• “During 2024, there was significant investment in new machinery (additions of £8,426,946), which was funded primarily by hire purchase loans (the balance increasing from £2,703,727 in 2023 to £5,788,789 in 2024).”
• “Company revenue increased in the year to £83,781,608 (2023 - £70,518,740).”
• “The Company's gross profit margin reduced slightly in the year from 31% in 2023 to 29% in 2024. This was due to both general inflationary cost pressures, and inefficiencies caused by running two production facilities (Waltham Abbey and Bishops Stortford) concurrently in the second half of the year.”
• “The loss for the financial year was £2,871,762 (2023 profit of £1,018,662) and was caused by exceptional costs associated with the relocation of our production facilities from Waltham Abbey to a new, state-of-the-art site in Bishop Stortford.”

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

  +18.8%

  £70,518,740 → £83,781,608

• Cash

  +4.6%

  £3,855,406 → £4,034,557

• Net assets

  -26.4%

  £10,897,536 → £8,025,774

• Employees

  +8.5%

  425 → 461

• Operating profit

  -211.4%

  £1,898,496 → -£2,114,229

• Profit before tax

  -315.9%

  £1,258,032 → -£2,715,849

• Wages

  +9.2%

  £17,914,206 → £19,558,484

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