GVS FILTER TECHNOLOGY UK LTD

1. GVS FILTER TECHNOLOGY UK LTD 2013-06-05 → present
2. NATIONWIDE FILTER COMPANY LIMITED 1991-09-23 → 2013-06-05

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

MHA

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

• “The company is moving to a new factory site in the second quarter of 2025. This will need to be managed carefully with production plant being moved from the existing site. The relocation of the factory facility from Morecambe to a newly developed brownfield site in Lancaster a few miles away is expected to have a highly beneficial impact to the company. The new location will allow for increased efficiency, along with improved logistics and infrastructure.”
• “The company has recently developed two new key products which are expected to see significant sales growth in 2025. These are the full-face mask and a third generation of respiratory mask filters. Initial market response has been very positive.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +7.8%

  £22,848,453 → £24,629,611

• Cash

  -56.2%

  £5,163,191 → £2,259,706

• Net assets

  +9.8%

  £25,430,173 → £27,912,464

• Employees

  -10.6%

  198 → 177

• Operating profit

  +29.1%

  £1,870,978 → £2,414,592

• Profit before tax

  +36.3%

  £2,443,260 → £3,331,009

• Wages

  -3.9%

  £6,170,101 → £5,929,055

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