SPRINGFARM ARCHITECTURAL MOULDINGS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Muir & Addy

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SPRINGFARM ARCHITECTURAL MOULDINGS LIMITED · parent
   1. Select Timber Products Limited 100% · UK

Significant events

• “As noted last year, our site in Antrim suffered a fire in 2023. Insurance settlement has been received and is reflected accordingly in other operating income.”
• “The group has lodged a High Court claim in respect of the £2.5m deposit it paid in good faith to W Howard UK and W Howard Ireland in December 2023 that has still yet to be repaid.”
• “The group entered into a capital commitment for new plant and machinery to be commissioned over an extended period. The total cost of the asset is €1,000,000. Deposits totalling €550,000 had been paid as at the reporting date, leaving a balance due under the contract of €450,000.”
• “The group sold long leasehold property in a sale and leaseback transaction. The directors have obtained professional legal advice which has raised concerns around the conditions relating to the liquidation of the party holding title to the properties. The directors consider that under present conditions, the group is unlikely to make payment of accrued rents or future rentals. However, future events and conditions may lead to payment of rents under the lease agreement. Unpaid rent at the reporting date amounted to £2,115,000.”

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

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -15.2%

  £57,426,242 → £48,693,495

• Cash

  +15.7%

  £20,288,689 → £23,470,928

• Net assets

  -10.4%

  £37,265,682 → £33,372,690

• Employees

  +11.2%

  178 → 198

• Operating profit

  -30.5%

  £10,885,855 → £7,570,062

• Profit before tax

  -28.4%

  £11,122,643 → £7,969,279

• Wages

  +14.1%

  £6,892,245 → £7,867,432

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