AVALON PLASTICS 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

Albert Goodman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The director's use of the going concern basis of accounting is appropriate; 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.”

Significant events

• “The financial year 2023/24 overall was a disappointing year for the company but can be characterised as a year of two halves, with the second half showing green shoots of recovery and a turnaround in the fortunes of the company.”
• “A sharp decline in demand at the start of the year from virtually all customers led to over 90% of the loss for the year being attributed to the first half of the year.”
• “invested over £140k that was invested by the board to right size the permanent workforce in line with customer demand. This was achieved through the voluntary redundancy of our lower skilled employees, with our core skilled employee group being maintained for future growth.”
• “The second half of the year saw sales increase with sales in the final quarter 30% higher than in the first quarter.”
• “The labour cost increases announced in the autumn statement by the government will have a detrimental effect on Avalon's cost base, but these costs are being passed on with little effect on our margins.”

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

Filings

2

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

  -8.9%

  £11,042,375 → £10,061,868

• Cash

  +11.3%

  £1,217,269 → £1,354,910

• Net assets

  -9.6%

  £4,779,442 → £4,322,460

• Employees

  -19.8%

  106 → 85

• Operating profit

  -148%

  -£253,797 → -£629,479

• Profit before tax

  -154.6%

  -£236,729 → -£602,669

• Wages

  -14.3%

  £3,042,444 → £2,605,929

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