THOMPSON AERO SEATING LIMITED

• ⚠

  Material uncertainty over going concern

  If the Company's shareholder and loan provider (all group undertakings) were to seek full repayment of the outstanding loans totalling to £277.8m, the Company would not be able to repay this liability. As such the directors consider that the right of the loan providers to request full payment of the loans on demand represents a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern and that the Company may, as a consequence, be unable to realise its assets and discharge its liabllities in the normal course of business.

1. THOMPSON AERO SEATING LIMITED 2011-01-04 → present
2. J. THOMPSON SOLUTIONS LIMITED 2009-07-27 → 2011-01-04
3. THOMPSON AERO SEATING LTD 2004-11-12 → 2009-07-27
4. J. THOMPSON SOLUTIONS LIMITED 2002-04-10 → 2004-11-12
5. LUMINAR CONSULTANTS LIMITED 1997-07-09 → 2002-04-10

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“If the Company's shareholder and loan provider (all group undertakings) were to seek full repayment of the outstanding loans totalling to £277.8m, the Company would not be able to repay this liability. As such the directors consider that the right of the loan providers to request full payment of the loans on demand represents a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern and that the Company may, as a consequence, be unable to realise its assets and discharge its liabllities in the normal course of business.”

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

Filings

5

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

  +47.3%

  £115,125,000 → £169,564,000

• Cash

  +281.4%

  £5,085,000 → £19,392,000

• Net assets

  +5.2%

  -£228,500,000 → -£216,597,000

• Employees

  +12.7%

  644 → 726

• Operating profit

  +2,368.1%

  -£1,004,000 → £22,772,000

• Profit before tax

  +227.6%

  -£9,510,000 → £12,134,000

• Wages

  +17.5%

  £24,038,000 → £28,240,000

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