AXIOM MANUFACTURING SERVICES LTD.

1. AXIOM MANUFACTURING SERVICES LTD. 2002-04-10 → present
2. AIWA WALES MANUFACTURING LTD. 1997-06-03 → 2002-04-10

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Bevan Buckland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company reviews its open order book on a monthly basis to consider the future impact on the business. The Company's forecasts show that it is expected to be profitable at an EBITDA level and cash generative from its operating activities for the foreseeable future and that the Company has the ability to remain within its committed lending facilities. Therefore, the Directors have prepared the financial statements on a going concern basis. In determining whether the financial statements can be prepared on a going concern basis, the Board considered the Company's business activities, together with the factors likely to affect its future development, performance and position. The Board considered in detail the future impact on the Company of a possible downturn in financial and trading performance. The Board has considered a base case and a severe but plausible downside case. In both cases, the Company has adequate headroom to meet its liabilities as they fall due. Management is not aware of any material uncertainties related to events or conditions that cast significant doubt upon the entity's abilities to continue as a going concern.”

Group structure

1. AXIOM MANUFACTURING SERVICES LTD. · parent
   1. Greeve Limited 100% · Technology Innovation Company

Significant events

• “During the current year, the company has reclassified customer recharge accounts from stock to payments on account (other creditors). This adjustment has been made to more accurately reflect the nature of these transactions.”

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

  +23.6%

  £55,189,080 → £68,224,129

• Cash

  +98.1%

  £3,963,305 → £7,849,440

• Net assets

  +6%

  £32,141,371 → £34,067,983

• Employees

  +2.3%

  301 → 308

• Operating profit

  +173.7%

  £1,699,396 → £4,650,773

• Profit before tax

  +139%

  £1,707,893 → £4,082,115

• Wages

  +1.5%

  £9,780,123 → £9,931,207

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