HUNPRENCO LTD

1. HUNPRENCO LTD 2022-04-25 → present
2. LATTIMER HOLDINGS LIMITED 2007-07-11 → 2022-04-25
3. BRABCO 702 LIMITED 2007-01-02 → 2007-07-11

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that it is appropriate to prepare the financial statements on a going concern basis as the company had adequate cash resource and financial projections, indicate that the company will continue to trade within its existing facilities.”

Group structure

1. HUNPRENCO LTD · parent
   1. IS Parts International Inc 100% · US · Design, manufacture and assembly of complex glass handling and defence components
   2. Lattimer Limited 100% · United Kingdom · Design, manufacture and assembly of complex glass handling and defence components

Significant events

• “During the course of the year Hunprenco was faced with major cost issues from raw materials to energy costs. It was not uncommon for materials to double in price whilst our energy costs increased 4 fold for a significant duration of the year.”
• “The Company was forced to implement price increases on its products but key competitors in China and elsewhere were not impacted by the largely European energy crisis. As a result, volumes decreased and the Company suffered large financial losses.”
• “Towards the end of the year cost pressures eased and energy prices settled at a level around 70% higher than the previous year. The Company took the opportunity to modify its pricing structure and returned to a level of competitiveness which has seen the Orderbook grow substantially in recent months.”
• “Hunprenco Limited generates income from Group companies of £376k (2023 - £338k), interest on Group loans of £79k (2023 - £98k) and exchange gains on Group loans of £20k (2023 - losses of £135k) as the dollar moved in a disadvantageous direction against sterling.”
• “Income of £376k (2023 - £338k) was received from Group companies in the year and no dividends (2023 - £nil) were paid. Shareholders' funds totaled £1,636K compared to £2,662K at the prior year end.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -20.9%

  £9,965,000 → £7,887,000

• Cash

  —

  Not reported

• Net assets

  -38.5%

  £2,662,000 → £1,636,000

• Employees

  -19.1%

  110 → 89

• Operating profit

  -203.7%

  £1,106,000 → -£1,147,000

• Profit before tax

  -181.2%

  £1,237,000 → -£1,004,000

• Wages

  +4.1%

  £3,506,000 → £3,649,000

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