DONALDSON TIMBER SYSTEMS LIMITED

1. DONALDSON TIMBER SYSTEMS LIMITED 2022-01-04 → present
2. STEWART MILNE TIMBER SYSTEMS LIMITED 2016-09-14 → 2022-01-04

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 prepared these financial statements on a going concern basis. The Directors have prepared financial and cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that... the Company will have sufficient funds to meet its liabilities as they fall due for that period.”

Significant events

• “A dividend of £nil (2023: £4,227,000) was paid during the year.”
• “Subsequent to the AGM held in January 2024 the Group completed an audit tender process, where the Board appointed RSM UK Audit LLP as Group auditor, replacing KPMG LLP.”
• “The Company has had a challenging year to 30 September 2024. The loss before tax for the year was £7.0m (2023: Profit restated £3.0m).”
• “Average head count levels have decreased by 98 from last year.”
• “The UK general election was held in July of 2024 with the outcome mitigating some of the geopolitical uncertainty faced by the Group over recent times.”
• “In August 2024 the Bank of England moved to reduce the Bank Rate by 0.25% to 5%, which was followed by a further cut to 4.75% in November 2024.”
• “Turnover for the year to 30 September 2023 has been restated by £234,000 to exclude the impact of a misstatement.”

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

  -41.3%

  £97,607,000 → £57,312,000

• Cash

  -52.3%

  £3,173,000 → £1,515,000

• Net assets

  -34.5%

  £16,066,000 → £10,521,000

• Employees

  -22.5%

  436 → 338

• Operating profit

  -283.2%

  £3,674,000 → -£6,729,000

• Profit before tax

  -339.4%

  £2,957,000 → -£7,079,000

• Wages

  -18.9%

  £17,760,000 → £14,405,000

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