SCM GROUP (UK) LIMITED

1. SCM GROUP (UK) LIMITED 2000-12-27 → present
2. SCM GB LIMITED 1997-12-31 → 2000-12-27
3. SCM GB (1992) LIMITED 1992-05-29 → 1997-12-31

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

PKF Smith Cooper Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has generated profits in the current and previous years. It is in a net assets position as at 31 December 2024 and 31 December 2023. The directors have prepared budgets for the Company for a review period to 31 December 2025. These budgets reflect an assessment of current and future market conditions with variances monitored on a monthly and quarterly basis. Whilst the budgets prepared for the review period indicate the Company has sufficient assets to continue, cash is predominantly held in a group cash pool arrangement such that access to the pool is dependent on the financial performance of other group companies. As a result the directors have obtained written confirmation from SCM Group that it has the ability to and will provide the necessary financial support to the Company to enable it to continue trading and to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements through to no earlier than 30 September 2026. Certain directors of the Company also hold positions within the SCM Group which has allowed the directors to validate the ability of the parent company which had, at 31 December 2024, in excess of "50m of available liquid resources, to provide necessary financial support to the Company should it be required. After making enquiries, the directors have a reasonable expectation that the Company has adequate resources, including if required parental support, to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “The Russia-Ukraine conflict has brought tragic losses of life and destruction across Ukraine. The crisis is also causing political and economic disruptions across the world, with businesses navigating conflict-related risks to their people, assets, operations, and supply chains in the region and globally. The SCM Group is not reliant on supply chain within this region, so the global impact on operations is minimal. The greatest risk to SCM UK relates to energy costs with Russia being a supplier of significant volumes of natural gas to other European countries. The effect of countries looking to purchase energy from alternate markets will increase the demand from the remaining non-Russian markets. Without a corresponding increase in supply, this is expected to increase energy prices. Long term contracts are already in place up until 2026 so current utility costs will not change significantly within this period.”
• “In 2024, the UK economy faced significant challenges due to persistent inflation and elevated interest rates, which notably impacted capital investments. The Organisation for Economic Co-operation and Development (OECD) projected that inflation would rise from 2.6% in 2024 to 2.7% in 2025, maintaining pressure on price levels. This persistent inflation led the Bank of England to maintain higher interest rates, with forecasts suggesting a gradual decrease from 4.75% to 3.5% by early 2026. Higher borrowing costs resulted in an approximate 8% reduction in business investment during the third quarter of 2023. As 2025 progresses, these financial conditions are expected to continue constraining capital expenditure, especially for firms heavily reliant on external financing. However, projections indicate that as inflationary pressures ease, interest rates may stabilize around 4% by mid-2026, potentially fostering a more favourable environment for capital investments in the latter half of the decade.”

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

  -21.4%

  £32,850,000 → £25,814,000

• Cash

  -60.6%

  £4,908,000 → £1,936,000

• Net assets

  -38.7%

  £4,236,000 → £2,596,000

• Employees

  -4.2%

  71 → 68

• Operating profit

  -12.2%

  £2,256,000 → £1,981,000

• Profit before tax

  -13.8%

  £2,264,000 → £1,952,000

• Wages

  +2.8%

  £2,483,000 → £2,553,000

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