FLEXFAB EUROPE 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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the company had a positive cash balance and a strong net current asset position. At the time of signing these accounts, the directors have considered the going concern position, and consider that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these accounts. On that basis, the directors have prepared these financial statements on a going concern basis.”

Significant events

• “The year's market difficulties were compounded by a double blow to logistics caused by the continuing Ukraine conflict still affecting fuel costs and the Yemeni attacks against shipping which resulted in higher costs and longer and less reliable delivery times.”
• “We have now had a full year's operation of our German distribution facility at Leipzig which is now fully staffed and IATF16949 and ISO14001 accredited.”
• “The year also saw Flexfab leave its Willow Drive headquarters after 25 years and move to our new office facility at nearby Como House still within Sherwood Park.”
• “A very significant step this year is our progress in developing our European aerospace business and we expect a significant contribution from this sector in years to come.”
• “This year we suffered one significant customer failure (Van Hool Bus).”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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%

  £17,295,031 → £15,566,510

• Cash

  -57%

  £969,405 → £416,881

• Net assets

  -18.5%

  £5,785,760 → £4,717,055

• Employees

  -23.1%

  26 → 20

• Operating profit

  -11.6%

  £2,131,499 → £1,883,265

• Profit before tax

  -11.1%

  £2,102,427 → £1,870,079

• Wages

  -9.4%

  £1,290,701 → £1,168,973

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