SUMITOMO ELECTRIC EUROPE LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. SUMITOMO ELECTRIC EUROPE LIMITED 1996-05-08 → present
2. PALOMINA LIMITED 1996-02-29 → 1996-05-08

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As described in the accounting policy on page 17 the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. SUMITOMO ELECTRIC EUROPE LIMITED · parent
   1. Sumitomo Electric Schrumpf Produkte GmbH 37.5% · Germany · Manufacture of heat shrink materials

Significant events

• “construction of a high voltage cables factory in Scotland”
• “additional development of the office in Glasgow and a further increase in the employee headcount”
• “Extraordinary expense relates to office & warehouse security expenses incurred to secure the property following a break in theft from the warehouse.”
• “Prior year extraordinary income relates to compensation for Brexit paid by the Italian government.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +19.4%

  £93,495,000 → £111,678,000

• Cash

  +114.7%

  £8,159,000 → £17,520,000

• Net assets

  0%

  £8,746,000 → £8,747,000

• Employees

  0%

  70 → 70

• Operating profit

  +34.4%

  £2,082,000 → £2,799,000

• Profit before tax

  +37.4%

  £2,439,000 → £3,350,000

• Wages

  +10.3%

  £5,596,000 → £6,175,000

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