F.D. SIMS LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-03-28.

1. F.D. SIMS LIMITED 2001-03-01 → present
2. IRCE LIMITED 2001-01-11 → 2001-03-01

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

PM+M Solutions for Business LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. As described in note 3 the company has made losses in recent years and is partly funded by a loan from its parent company. The parent company has indicated is willingness to continue to support the company investment plan and that no significant repayment of the group loan, which could jeopardize the ability of the company to fulfill its obligations, will be required. The going concern basis to prepare the financial statements is therefore appropriate.”

Significant events

• “During 2024, the company has concentrated its efforts to refine and tailor its products to meet the specific needs of this segment, and, in the first half of 2025, the company recorded the initial sales to the automotive sector.”
• “Turnover declined by 18.92%, falling to £10,003,000 from £12,337,000, primarily due to reduced overall sales volume. The increase in material and operating costs outpaced revenue, driven by the company's efforts to tailor the new product for UK electric motor manufacturers.”

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

Filings

1

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

  -18.9%

  £12,337,000 → £10,003,000

• Cash

  -56.7%

  £381,000 → £165,000

• Net assets

  -116.9%

  -£2,216,000 → -£4,806,000

• Employees

  +4%

  25 → 26

• Operating profit

  +23.8%

  -£2,899,000 → -£2,209,000

• Profit before tax

  +20.4%

  -£3,255,000 → -£2,590,000

• Wages

  +22.3%

  £781,000 → £955,000

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