FUJIFILM SPECIALITY INK SYSTEMS LIMITED

1. FUJIFILM SPECIALITY INK SYSTEMS LIMITED 2010-06-23 → present
2. FUJIFILM SERICOL UK LIMITED 2005-03-29 → 2010-06-23
3. SERICOL UK LIMITED 2002-09-26 → 2005-03-29

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 March 2025 the company had net assets of £37.4 million, net current assets of £16.3 million, including £22.7 million in cash. At 30 September 2025 cash balances were £17.7 million. In making their assessment the directors have prepared projected cash flow information for at least twelve months from the date of their approval of these financial statements. Based on these projections, the directors believe they will operate within their existing cash facilities. The directors have also forecast a more severe but plausible downside scenario in which sales volumes and margins are lower, combined with an increase in working capital. Even in this scenario, the directors believe they would be able to meet their obligations for a period of at least 12 months from the date of approval of the financial statements. This assessment is dependent on its immediate parent, FUJIFILM Ink Solutions Limited, its intermediate parent, FUJIFILM Sericol Overseas Holdings Limited, and fellow subsidiary companies, Sericol Ink Limited and Sericol Limited, not seeking repayment of the amounts currently due to them, which at 31 March 2025 amounted to £27.0 million. FUJIFILM Ink Solutions Limited, FUJIFILM Sericol Overseas Holdings Limited, Sericol Ink Limited and Sericol Limited have each individually indicated that they do not intend to seek repayment of the amounts currently due to them during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “During FY24 analogue orders ceased to be fulfilled by FSIS with Fujifilm Europe now responsible for the fulfilment of all future analogue orders. FSIS will be concentrating on the current digital business and new ink solutions going forward. FY24 has been and FY25 will be transitional periods to facilitate the removal of analogue products and ramp up the digital business.”
• “On 24th February 2024 the company ceased all trading with Russia and Belarus, following the invasion of Ukraine. The company's previous arrangement involved a distributor in Russia holding inventory on a consignment basis. While we have continued to follow the UK sanctions, the directors have noted that the company may have inadvertently breached some of the measures imposed by the UK Government. We are currently investigating this matter and have made a voluntary self-disclosure (VSD) to HMRC. If the company is found to have breached some of the measures, the financial impact is not likely to be material.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -8.7%

  £64,077,000 → £58,497,000

• Cash

  -11.7%

  £25,756,000 → £22,742,000

• Net assets

  -6.7%

  £40,059,000 → £37,364,000

• Employees

  -8%

  276 → 254

• Operating profit

  +68.1%

  -£7,806,000 → -£2,487,000

• Profit before tax

  +80.4%

  -£7,151,000 → -£1,399,000

• Wages

  -13.5%

  £16,639,000 → £14,386,000

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