CIPHER GROUP 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

Consolidated group

Auditor

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After due consideration of all relevant factors, the directors have a reasonable expectation that the company and the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. CIPHER GROUP LIMITED · parent
   1. Cipher International Limited 96.8% · England and Wales · design and sale of fishing tackle products and accessories.
   2. Cipher Europe s.r.o 98% · Slovakia · sale of fishing tackle products and accessories.

Significant events

• “The group had a strong trading year with sales up by 12% and net profit up by over £0.329m.”
• “Group net assets increased by over £0.637m with a large increase debtors due to the increased in sales for the year compared to prior year.”
• “The ongoing impact of the global conflicts affecting the supply chain.”
• “The recruitment and retention of staff particularly in professional and senior management positions.”
• “With the vast majority of purchases being made in US Dollars the FX rate of sterling versus the dollar is an ongoing risk that is partially managed through the use of forward contracts.”
• “The group's 3 year plan has clear targets to move into new sectors and categories within the angling industry as well as a focus on European expansion. Further technological and skillset development programs are in place to increase internal efficiencies.”

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

  +12%

  £15,907,665 → £17,820,520

• Cash

  -3%

  £2,148,691 → £2,083,746

• Net assets

  +7.9%

  £8,042,226 → £8,679,519

• Employees

  -6.7%

  60 → 56

• Operating profit

  +78.7%

  £624,709 → £1,116,506

• Profit before tax

  +85.9%

  £607,672 → £1,129,961

• Wages

  -1.2%

  £2,189,372 → £2,162,262

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