COVERIS LOUTH 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have reviewed the sales pipeline and customer portfolio of Coveris Louth in conjunction with Coveris group and have been awarded further sales volumes from sister companies. The forecasts show continued sales opportunities to maintain the Louth business at full capacity for 2025 and beyond. After considering key factors such as liquidity, revenue and profitability as well as considering appropriate sensitivities on these measures, combined with the continued group support and ongoing availability from the group wide cash pooling facility the Directors have assessed that the business can adapt to the new customer markets enabling it to continue as a going concern.”

Significant events

• “On 9 December 2024, the Company undertook a capital reduction, whereby, the share premium account of £8,999,999 was cancelled and credited to the profit and loss reserve. Exceptional items of £0.64m (2023 £0.40m) have been incurred in the year, these related to workforce restructuring costs of £0.57m (2023 - £0.07m), pension scheme restructuring costs of £0.07m (2023 - £0.04m).”

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

5

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

  +14.4%

  £39,969,000 → £45,728,000

• Cash

  +4,940.9%

  £22,000 → £1,109,000

• Net assets

  -136.9%

  £2,678,000 → -£989,000

• Employees

  +3.6%

  169 → 175

• Operating profit

  -323%

  £787,000 → -£1,755,000

• Profit before tax

  -420.1%

  -£602,000 → -£3,131,000

• Wages

  +10.2%

  £6,532,000 → £7,197,000

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