FRESHLINC LIMITED

• ◆

  3 officer resignations in last 12 months

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

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

Duncan & Toplis Audit 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.”

Significant events

• “Turnover reduced by 3% during the year, this reduction relating to a downturn in volumes from our existing customer base, but additional revenues through our Ambient consolidation centre and our frozen operations have helped minimise the impact of the volume reduction.”
• “The initial volume ramp up within our start-up frozen transport operation was slower than initially indicated.”
• “Our recently acquired freehold facility at Stephenson Avenue, offering packing and cold storage solutions, dealt with less volume throughput than anticipated, with committed volumes not honoured due to supply chain changes.”
• “The Specialist building sector operations were both affected by a considerable drop in demand.”
• “Our FloraLinc division saw a dramatic reduction in sales following a buoyant post-covid period, as customer spending on their gardens diminished; however, our North Sea import sector saw an increase in revenues through our Customs and Plant Passporting services.”
• “Whilst future headwinds including the increased national Living Wage and Employers NI contributions lic ahead, our focus remains to correct commercial rate structures, whilst seeing out contractual periods, along with developing and reassessing the divisional business units, ensuring each one is positively contributing.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -3.1%

  £139,696,742 → £135,352,900

• Cash

  +104.6%

  £6,027 → £12,330

• Net assets

  -8.4%

  £12,623,214 → £11,568,222

• Employees

  -2.1%

  762 → 746

• Operating profit

  -69.5%

  £2,077,890 → £633,501

• Profit before tax

  -169.9%

  £1,285,101 → -£898,208

• Wages

  -4.4%

  £29,931,411 → £28,604,014

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