SIA ABRAFOAM LIMITED

• ⚠

  Material uncertainty over going concern

  As noted above, a decision was made to transfer the whole of the company's production facilities and business to sia Abrasives Polska Sp.z.o.o based in Goleniow, Poland by the end of 2025. The company will then become non- trading. As a result, the financial statements are prepared on a basis other than going concern.

1. SIA ABRAFOAM LIMITED 2005-11-04 → present
2. ABRASIVE FOAM LIMITED 1994-08-02 → 2005-11-04

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As noted above, a decision was made to transfer the whole of the company's production facilities and business to sia Abrasives Polska Sp.z.o.o based in Goleniow, Poland by the end of 2025. The company will then become non- trading. As a result, the financial statements are prepared on a basis other than going concern.”

Significant events

• “A strategic decision was made on 22 May 2024 to transfer the whole of the company's production facilities and business to sia Abrasives Polska Sp.z.o.o based in Goleniow, Poland by the end of 2025. Following the transfer of trade, the company will become non-trading/dormant.”
• “On the 22 May 2024 a Deed of Variation on the lease of land and buildings in Alfreton was signed permitting the company to occupy the premises up to January 2027 with a break clause at that point (with six months' notice).”
• “On the 31 Dec 2024 sia Abrasives Industries AG agreed to bear any further costs (i.e. severance, training, travel etc.) up to £3,400 in relation to the closure of the business and the transfer of production to sia Abrasives Polska SP.z.o.o. At the period end £2,875 was committed to and has been accrued in the accounts.”
• “On the 1 Jan 2025 the company sold the trade to sia Abrasives Industries AG for £1,813 and on the same date contracted to manufacture sia branded foam abrasives for sia Abrasives Industries AG until production is transferred to sia Abrasives Polska Sp.z.o.o.”
• “The directors have recommended a dividend of £4.4m will be paid in relation to the year ended 31 December 2024, equivalent to £44,000 per share.”

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

  +7.8%

  £12,234,000 → £13,185,000

• Cash

  +142.3%

  £1,292,000 → £3,130,000

• Net assets

  +15.2%

  £3,971,000 → £4,575,000

• Employees

  -11.9%

  84 → 74

• Operating profit

  +44.2%

  £563,000 → £812,000

• Profit before tax

  +63.4%

  £525,000 → £858,000

• Wages

  +16.5%

  £3,032,000 → £3,533,000

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