DONALDSON TIMBER ENGINEERING 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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

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 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.”

Significant events

• “The technical recession continued to reflect the impact of the cost-of-living crisis, higher borrowing costs for both businesses and consumers and limited consumer confidence.”
• “Subsequent to the AGM held in January 2024 the Group completed an audit tender process, where the Board appointed RSM UK Audit LLP as Group auditor, replacing KPMG LLP.”
• “The UK general election was held in July of 2024 with the outcome mitigating some of the geopolitical uncertainty faced by the Group over recent times. The early messaging coming from the new Labour Government is really encouraging for our sector.”
• “In August 2024 the Bank of England moved to reduce the Bank Rate by 0.25% to 5%, which was followed by a further cut to 4.75% in November 2024.”

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

Filings

3

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

  -19.2%

  £103,540,000 → £83,631,000

• Cash

  +25.1%

  £10,332,000 → £12,928,000

• Net assets

  +1.2%

  £17,949,000 → £18,156,000

• Employees

  -7.7%

  495 → 457

• Operating profit

  -40.8%

  £10,813,000 → £6,405,000

• Profit before tax

  -40.6%

  £10,813,000 → £6,423,000

• Wages

  -1.9%

  £13,799,000 → £13,537,000

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