STARBANK PANEL PRODUCTS 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

Livesey Spottiswood Ltd

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.”

Significant events

• “The installation, set-up, and commissioning of two major investments committed to in the previous year, presented significant challenges to the organisation and the production team. The total investment for the two new machines was £2.1m.”
• “Experienced 18 months of delays and downtime with new machinery installations, leading to a huge impact on performance.”
• “Several large contracts were delayed due to disruption in the construction sector when ISG Construction fell into administration.”
• “Machinery installation issues severely impacted profitability due to reduced output, increased energy, raw materials, and direct labour costs.”
• “The organisation has committed to another important investment, taking delivery of two new Beam Saws and a Storage Retrieval System in early 2025.”
• “Secured a 24-month, 100% renewable energy supply contract with British Gas.”
• “Company benefit scheme offering free EV charging enabled employees to transition to hybrid or full EV cars, reducing carbon dioxide emissions.”

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

1

last 12 months

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

• Turnover

  -10.9%

  £10,093,473 → £8,989,416

• Cash

  -6.7%

  £1,732,616 → £1,615,930

• Net assets

  -2.6%

  £5,058,214 → £4,927,421

• Employees

  +1.3%

  77 → 78

• Operating profit

  -89.4%

  £391,519 → £41,438

• Profit before tax

  -96.3%

  £344,606 → £12,847

• Wages

  -6.1%

  £2,584,839 → £2,427,663

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