HOPE TECHNOLOGY (IPCO) LIMITED

1. HOPE TECHNOLOGY (IPCO) LIMITED 1999-06-18 → present
2. HOPE TECHNOLOGY LIMITED 1991-10-29 → 1999-06-18

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

“At the time of approving the financial statements the company is both profitable and cash generative, whilst there exists sustained demand for its products. Necessary cash levels for operating purposes are maintained within the company, whilst surplus funds have been transferred to the immediate parent company for deposit both during the year under report and subsequent to the balance sheet date. The directors have concluded that it is appropriate to prepare the financial statements on a going concern basis as the company has adequate cash resources to indicate that it will continue to meet all liabilities as they fall due for payment in the twelve months beyond the approval of the financial statements. Should it ever be necessary, the company can also rely upon the financial support of its immediate parent company.”

Significant events

• “The company proactively carries sufficient raw material and component stocks in readiness for any supply chain shocks from external factors. Thanks to this, it did not suffer from any stock deficiencies due to the various global induced logistic issues experienced in recent years, the fallout from which is still being felt by the industry and by manufacturing businesses generally.”
• “The company's turnover decreased by 2% to £18,864,969 (2024: £19,300,925) during the year, which was mainly due to the mix of sales. However gross profit margins increased slightly to 59.4% (2024: 58.9%).”
• “Overheads have been closely managed and increased by 3.0% to £9.449,225 (2024: £9,170,493), fundamentally through the company payroll.”
• “Capital expenditure increased to £958,902 (2024: £576,314) as the company increased investments in its manufacturing capability and its fleet. Seen over a five year horizon, the company has completely updated the manufacturing machine base, providing stability for the longer term. The capital expenditure was all made out of surplus cash and the company repaid all asset funding to reduce external borrowings to nil.”
• “Positive cash balances for operating purposes have increased to £2,910,532 (2024: £2,107,203) after transferring surplus cash generated to the parent company.”
• “The company contributes financially to local and national level bike events, the aim being to provide clubs with infrastructure to consistently run events. The company sees this as an effective way to demonstrate its commitment towards providing opportunities for all to ride bikes in an appropriate environment and to play a role in safeguarding society's appetite for fun, competition and the wider health benefits that riding a bike across any terrain brings.”

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

  -2.3%

  £19,300,925 → £18,864,969

  lowest in 3 filed years

• Cash

  +38.1%

  £2,107,203 → £2,910,532

  highest in 5 filed years

• Net assets

  +23.4%

  £6,670,076 → £8,233,056

  highest in 5 filed years

• Employees

  -4.7%

  148 → 141

  lowest in 5 filed years

• Operating profit

  -13%

  £2,194,925 → £1,910,346

  lowest in 3 filed years

• Profit before tax

  -13.3%

  £2,164,499 → £1,877,490

• Wages

  +4.4%

  £4,743,623 → £4,950,354

  highest in 5 filed years

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