PRIMEX PLASTICS 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

Azets Audit Services Limited

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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. On the basis of the profitability in 2024, the cash position as at 31 December 2024 and budgets for the forthcoming twelve months, the directors have determined that the company is a going concern and has the ability to meet its liabilities as they fall due. They therefore believe it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “Sales volume decreased versus 2023 due to poor trading conditions in all markets in the second half of 2024. 2023 also contained a one-off large project which made 2023 a record year.”
• “Continued conflict in the Middle East and Ukraine could affect supply chains, however our policy of multiple vendors for each raw material will lessen this risk.”
• “The main risks to the Primex short term strategy continues to be the overall geopolitical and economic environment (e.g. effect of the Ukraine crisis, conflict in the Middle East and overall business climate) and its potential effect on major customer programs, global energy prices, and raw material price and availability.”

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

0

last 12 months

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

• Turnover

  -30%

  £17,462,600 → £12,223,637

• Cash

  +40.6%

  £4,441,771 → £6,244,366

• Net assets

  +10.5%

  £9,470,193 → £10,469,139

• Employees

  -3.2%

  63 → 61

• Operating profit

  -49.1%

  £2,191,662 → £1,116,604

• Profit before tax

  -42.9%

  £2,286,288 → £1,306,484

• Wages

  -13.3%

  £2,547,260 → £2,208,034

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