SHUTTERCRAFT HOLDINGS LIMITED

1. SHUTTERCRAFT HOLDINGS LIMITED 2019-03-09 → present
2. VENICE 123 LIMITED 2018-11-23 → 2019-03-09

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on management forecasts, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors have a reasonable expectation that the group has adequate cash resources to continue to operate without recourse to additional funding for a period of at least 12 months from the date of approval of the financial statements, whilst continuing to meet updated covenants. Subsequent to the year end, covenants were re-set to enable the group to continue to meet these based on the management forecasts.”

Group structure

1. SHUTTERCRAFT HOLDINGS LIMITED · parent
   1. Shuttercraft Limited 100% · England and Wales · Distribution of shutters and blinds

Significant events

• “Global shipping delays, arising from the well-publicised difficulties in the Suez Canal, increased freight costs and impacted lead times and supply reliability.”
• “The directors anticipate that the business environment will remain competitive and that higher interest rates will have an impact on underlying market growth. Consequently, the group continues to refine its strategy to maximise opportunities, building on its strong market position, strengthening its team and extending its product range where profitable opportunities can be created.”

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

Filings

7

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

  -31.3%

  £26,562,161 → £18,242,726

• Cash

  -58.9%

  £2,296,751 → £944,050

• Net assets

  -456%

  £750,334 → -£2,670,945

• Employees

  -4.7%

  43 → 41

• Operating profit

  -589.9%

  £380,598 → -£1,864,527

• Profit before tax

  -169.5%

  -£1,275,368 → -£3,436,564

• Wages

  -1.1%

  £1,717,569 → £1,698,690

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