CARPET AND LATEX INTERNATIONAL LIMITED

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

Barlow Andrews LLP

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 year has been one of meeting challenges head on and remaining resolute in the pursuit of growth in new markets. CLI remain UK market leaders for its core business supplying into the textile and floor coverings sector. This sector has seen a third year of decline and consolidation none more noticeable than the collapse of Carpetright and John Lewis's carpet outlet, The Floor Room. Both events coinciding with the start of CLI's new financial year, and as the UK economy continued to tread water whilst attempting to recover confidence and grow, we remained significantly adrift of the initial Bank of England forecasts targeting Q4-2025 for sizeable economic growth. Considering these failing events, it was clear the business had to adapt to the fall out and inevitable reduction in volumes, and condition further compounded by significant increases in haulage rates. Thankfully, the control measures employed and adhered to last financial year have provided the adaptability to meet these challenges head on. All aspects of "cost of sales" are micromanaged and the obtaining of an "O" licence now seems almost prophetic as we actively look to build our own transport fleet as long term mitigation to incontestable hikes in haulage costs. As previously reported the diversification into specialty products continues to be the highlight of company's performance. Specialty sales represent nearly 15% of total invoicing and this year-on-year growth has maintained annual turnover at historical levels despite the consolidation in core business.”
• “Infrastructure investment with the collaboration of the local council is already in evidence with extensive new road surfacing at Unit 35, upgrades in manufacturing at Unit 40 and a commitment to new premises when the redevelopment of the Bradley Fold Industrial Site finally gets under way and Unit 5 is replaced. Significant technological investment has seen the whole office space in Unit 35 converted and re-developed into new purpose-built laboratories with additional technical staff.”

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

1

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

  -4.3%

  £15,422,764 → £14,752,218

• Cash

  -48.5%

  £794,641 → £409,495

• Net assets

  +3.6%

  £3,765,091 → £3,898,785

  highest in 4 filed years

• Employees

  +17.6%

  17 → 20

  highest in 4 filed years

• Operating profit

  -26%

  £2,106,779 → £1,558,427

• Profit before tax

  -26.2%

  £2,070,071 → £1,527,856

• Wages

  +15.6%

  £805,453 → £930,706

  highest in 3 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