NITRITEX 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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared financial forecasts which indicate that the Company expects to be able to meet its working capital requirements. The directors remain confident that the Company has sufficient resources to continue to meet its liabilities as they fall due and to continue in operational existence for a period of at least 12 months and as a result, the directors have concluded that the Company will be able continue as a going concern.”

Group structure

1. NITRITEX LIMITED · parent
   1. Nitritex (M) Sdn Bhd 100% · Malaysia · Processing of cleanroom garments

Significant events

• “Due to the increased cost and administrative burden caused by the UK leaving the European Union, the Board took the decision to transfer the majority of non-UK and Ireland sales to the Company's sister company in Belgium, Ansell Healthcare Europe N V. This has resulted in an overall reduction in costs to the Group, in respect to import duties payable on the transfer of goods from the UK to the EU, as well as an improved service to its customers by way of shorter delivery times.”
• “An agreement was signed in November 2022 (revised in June 2023), whereby all future sales orders for the next 10 years from non-UK customers will be made by Ansell Healthcare Europe N V. This took effect from 1 March 2023.”
• “A dividend £20.00 per share (£2,000,000) was paid on 11 September 2024.”

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

Filings

7

last 12 months

Capital events

2

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

  -27.1%

  £18,318,000 → £13,349,000

• Cash

  -33.2%

  £2,175,000 → £1,452,000

• Net assets

  -21.8%

  £7,297,000 → £5,704,000

• Employees

  -15.8%

  19 → 16

• Operating profit

  +15.8%

  £3,384,000 → £3,919,000

• Profit before tax

  -23%

  £7,343,000 → £5,657,000

• Wages

  -0.8%

  £782,000 → £776,000

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