ZEUS PACKAGING (NI) LIMITED

1. ZEUS PACKAGING (NI) LIMITED 2007-06-25 → present
2. COOGAN & WATTS LIMITED 1955-02-25 → 2007-06-25

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

Ernst & Young Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has generated a profit for the financial year of £1,244,498 (2023: £1,089,834). The Company is in a net asset position at year end of £3,036,615 (2023: £4,542,117). After reviewing forecast financial performance and considering the letter of financial support from the ultimate parent company, Zeus Packaging Group Limited, and after making other enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the Director continues to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The commercial risks associated with its products due to the threat of increased competition from new entrants to the market.”
• “Erosion in the margin derived from operating activities;”
• “Macro-economic risks including, inflation and increased energy costs;”
• “The continued economic uncertainty resulting from the war in Ukraine and related events.”
• “Additionally, the Company's operations expose it to a variety of financial risks that include liquidity risk, credit risk and foreign exchange risk.”

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

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

  +11.3%

  £12,735,523 → £14,177,557

• Cash

  -38.4%

  £902,807 → £556,010

• Net assets

  -33.1%

  £4,542,117 → £3,036,615

• Employees

  0%

  28 → 28

• Operating profit

  +13.7%

  £1,461,920 → £1,661,778

• Profit before tax

  +12.8%

  £1,457,444 → £1,643,692

• Wages

  +22.2%

  £853,354 → £1,043,225

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