SEMEFAB LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which indicates that the entity has continued to incur trading losses subsequent to the year end as a result of ongoing adverse market conditions. There remains significant uncertainty as to when trading activity will return to normal operating levels and as a result gives rise to concerns regarding the entity's ability to generate sufficient cash flows to meet its obligations as they fall due.

1. SEMEFAB LIMITED 2011-03-11 → present
2. SEMEFAB (SCOTLAND) LIMITED 1986-07-23 → 2011-03-11

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which indicates that the entity has continued to incur trading losses subsequent to the year end as a result of ongoing adverse market conditions. There remains significant uncertainty as to when trading activity will return to normal operating levels and as a result gives rise to concerns regarding the entity's ability to generate sufficient cash flows to meet its obligations as they fall due.”

Significant events

• “The business climate for sales of semiconductor components remained deflated during the year due to global restrictions, the Russia-Ukraine conflict, high energy costs, price inflation, significant stock holdings, regulations transition away from ICE vehicles, and global political uncertainties in the Middle East and USA's tariffs. Prices increased by 5-10%.”
• “Judicious forward purchasing of electricity and creative cost-savings activities reduced Electricity and Bulk N2 gas costs by ~40% compared with previous billing years.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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