FTL SEALS TECHNOLOGY LIMITED

• ◆

  3 officer resignations in last 12 months

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

1. FTL SEALS TECHNOLOGY LIMITED 1998-07-16 → present
2. SIGMA EPSILON LIMITED 1998-05-18 → 1998-07-16
3. PINCO 1011 LIMITED 1998-01-15 → 1998-05-18

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed future projections, which they feel adequately reflect the current uncertain economic environment. The directors are satisfied that there will be sufficient cash resources generated from its operations to enable the company to continue without the requirement for any external finance. The business uses a cash sweep facility with Idex UK Limited from operating activities and there is no reliance on external sources of finance. Cash on the balance sheet, inclusive of the cashpool with Idex UK as shown within debtors, is £4.3m at 31 December 2024 (2023: £4.1m). The net assets of the company at 31 December 2024 were £7.2m (2023: £7.7m). Sensitivity analysis is performed by management to identify any potential future operational issues. None have been identified at this time. Therefore, the directors have an expectation that the company has adequate resources to continue in operational existence for a minimum from 12 months from the date of these financial systems. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -9.4%

  £15,544,121 → £14,083,425

• Cash

  +9.7%

  £2,052 → £2,252

• Net assets

  -6%

  £7,664,135 → £7,201,699

• Employees

  -3.6%

  28 → 27

• Operating profit

  -2.6%

  £4,692,810 → £4,570,235

• Profit before tax

  -2%

  £4,680,440 → £4,587,152

• Wages

  -15%

  £1,573,514 → £1,337,948

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