HUSCO INTERNATIONAL PARTNERS LLP

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  2 PSCs 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

Auditor

RSM UK Audit LLP

Audit opinion

Qualified

Going concern

Affirmed

“The LLP meets its day-to-day working capital requirements through a combination of members' capital and bank financing. LLP medium term forecasts continue to show improvement in operating profit, aided by the investment in new and existing manufacturing equipment for future secured business. Medium term forecasts also show the entity generating sufficient cash to pay down additional financing required for said manufacturing equipment. Furthermore, the LLP has the ongoing support of the parent company (Husco International, Inc.). As a result, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “The team retained ISO50001 accreditation through its first re-certification audit in October 2024, highlighting the business's ongoing commitment to continuous improvement in energy management.”
• “Having commissioned a new Paint Line in late 2023, the new line became fully operational in April 2024, at which point the legacy line was de-commissioned.”
• “Husco also received three zero emissions fleet vehicles, replacing three ICE vehicles, hence this year the SECR report tracks energy utilisation of battery powered electric vehicles.”

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

Filings

4

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

  -22.7%

  £59,346,682 → £45,852,713

• Cash

  +43.9%

  £714,146 → £1,027,694

• Net assets

  +52.6%

  £1,078,444 → £1,645,805

• Employees

  -24%

  292 → 222

• Operating profit

  -65.4%

  £3,941,918 → £1,362,793

• Profit before tax

  -87.2%

  £2,829,805 → £361,598

• Wages

  -15.1%

  £11,030,981 → £9,362,000

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