TOYOTA TSUSHO METALS LIMITED

1. TOYOTA TSUSHO METALS LIMITED 1998-12-08 → present
2. CHANONA LIMITED 1998-11-25 → 1998-12-08

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Directors are confident to run and continue business, with adequate resources and continued parent support, adopting the going concern basis. Auditors found no material uncertainties casting significant doubt on the company's ability to continue for at least twelve months and concluded the use of going concern basis is appropriate.”

Group structure

1. TOYOTA TSUSHO METALS LIMITED · parent
   1. Toyota Tsusho Metals Japan Ltd 100% · Japan · provides the Company with increased access to clients based in Japan and has facilitated the development of that market.

Significant events

• “Uncertainty over the result of the election in the US and to a lesser degree, the UK, impacted volatility. The second half of the year saw a return to more normal market conditions, but uncertainty remained.”
• “The business is facing new headwinds due to the heightened regulatory oversight of wholesales brokerages and the introduction of 'agency-style' operations across a limited portion of LME trade types.”
• “Challenges further compounded by the implementation of additional measures following the Nickel crisis. However, with an additional capital injection from the parent and a restructuring of the credit facilities with clients, the Company is in a good position to consolidate the current business and to look for new opportunities to increase revenues.”

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

1

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

  -12.7%

  £10,065,000 → £8,784,000

• Cash

  -0.1%

  £53,644,000 → £53,583,000

• Net assets

  +46.8%

  £48,658,000 → £71,452,000

• Employees

  +4%

  25 → 26

• Operating profit

  -122%

  £1,765,000 → -£389,000

• Profit before tax

  -36.8%

  £6,096,000 → £3,850,000

• Wages

  -2.6%

  £3,224,000 → £3,139,000

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