VERDER LIMITED

1. VERDER LIMITED 1996-04-19 → present
2. FOREIGNFILE LIMITED 1996-02-07 → 1996-04-19

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

BEEVER AND STRUTHERS

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The company meets its day to day working capital requirements from an intercompany cash pooling arrangement which is a payable position at 31 December 2024 (£1,476,119). The company also has trading intercompany balances with other Group companies which are settled in accordance with intercompany payment agreements, which are 30 days. The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, the company will have sufficient funds to meet its liabilities as they fall due for that period. The Order Book gross margin is stable YOY with a growth expectation for 2025. The business continues to work hard by developing new products to ensure continued growth. We have developed our relationships with the supply chain to ensure we get best value and protect future margins. Employee engagement, which drives efficiency and productivity, is now embedded in the plant with further improvement initiatives in place. The company has sufficient funding to meet its ongoing obligations for a period of not less than twelve months from the approval of these financial statements and can therefore adopt the going concern basis in preparing these financial statements.”

Significant events

• “2024 provided many commercial challenges which has resulted in the expected growth in turnover and subsequent EBITDA not materialising. Order intake reduced as world events affected all part of the business, this also occurred with 3rd party distributors and sales within the United Kingdom.”
• “We faced a challenge with the implementation of a new ERP System, which whilst not affecting the commercial aspects, took time and energy from a lot of employees. Now that it is embedded, we expect to see on-going efficiencies and improvements across all facets of the organisation.”

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

  -7.2%

  £16,772,492 → £15,558,284

• Cash

  +1.8%

  £1,902 → £1,936

• Net assets

  -0.6%

  £2,475,294 → £2,460,583

• Employees

  +1.6%

  61 → 62

• Operating profit

  -29.7%

  £2,838,380 → £1,995,586

• Profit before tax

  -28.5%

  £2,849,809 → £2,038,576

• Wages

  +3.3%

  £2,477,328 → £2,558,124

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