SYMPHONY BIDCO LIMITED

• ⚠

  Material uncertainty over going concern

  The Group and Company have net current liabilities of £423.8m and £189.4m respectively. If the Group and Company's shareholder and loan provider (all group undertakings) were to seek full repayment of outstanding loans totalling £466m, the Group and Company would not be able to repay this liability, representing a material uncertainty that may cast significant doubt on the ability to continue as a going concern. While the immediate parent undertaking has indicated existing loans will not need to be repaid within 12 months, this support is not legally binding.

1. SYMPHONY BIDCO LIMITED 2016-10-19 → present
2. AVICADE AERO SEATING LIMITED 2016-09-14 → 2016-10-19

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

IFRS

Reporting scope

Consolidated group

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group and Company have net current liabilities of £423.8m and £189.4m respectively. If the Group and Company's shareholder and loan provider (all group undertakings) were to seek full repayment of outstanding loans totalling £466m, the Group and Company would not be able to repay this liability, representing a material uncertainty that may cast significant doubt on the ability to continue as a going concern. While the immediate parent undertaking has indicated existing loans will not need to be repaid within 12 months, this support is not legally binding.”

Group structure

1. SYMPHONY BIDCO LIMITED · parent
   1. Thompson Aero Seating Limited 100% · Northern Ireland

Significant events

• “The investment in the development of the Group's new Dynamic Test Facility, which was a key improvement initiative supported by the shareholders which was completed in 2023, significantly benefited the Group in 2024.”
• “The Group achieved a strong year for new programme awards resulting in an increase to the order book of £326m from FY23 to FY24 which will be delivered over the next five years.”
• “Capital expenditure contracted for but not provided for in full in the financial statements is £3,530,000 (2023: £nil).”

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

1

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

  +47.3%

  £115,125,000 → £169,564,000

• Cash

  +281.3%

  £5,086,000 → £19,393,000

• Net assets

  0%

  -£403,938,000 → -£403,881,000

• Employees

  +12.7%

  644 → 726

• Operating profit

  +616.2%

  -£4,106,000 → £21,195,000

• Profit before tax

  +99.6%

  -£22,652,000 → -£84,000

• Wages

  +17.5%

  £24,038,000 → £28,240,000

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