PARK SHEET METAL COMPANY LIMITED
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Cash
£2.3M
+274.6% vs 2023
Net assets
£5.7M
+7.1% vs 2023
Employees
169
-14.2% vs 2023
Profit before tax
£816K
-2.4% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £22,881,000 | £19,246,000 | -15.9% | |
| Operating profit | £1,004,000 | £872,000 | -13.1% | |
| Profit before tax | £836,000 | £816,000 | -2.4% | |
| Net profit | £578,000 | £378,000 | -34.6% | |
| Cash | £626,000 | £2,345,000 | +274.6% | |
| Total assets less current liabilities | £6,700,000 | £7,113,000 | +6.2% | |
| Net assets | £5,312,000 | £5,690,000 | +7.1% | |
| Equity | £5,312,000 | £5,690,000 | +7.1% | |
| Average employees | 197 | 169 | -14.2% | |
| Wages | £6,370,000 | £5,941,000 | -6.7% | |
| Directors' remuneration | £661,000 | £664,000 | +0.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.4% | 4.5% | |
| Net margin | 2.5% | 2.0% | |
| Return on capital employed | 15.0% | 12.3% | |
| Current ratio | 1.24x | 1.27x | |
| Interest cover | 1.20x | 0.79x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The ability of the company to continue to operate as a going concern is predicated on the ability of the group, of which the company is a part of, headed by Bayton Topco Limited to continue to operate as a going concern due to the cross guarantees being in place in relation to bank debt held with HSBC UK Bank plc. Throughout all of 2024 and at 31 December 2024 all covenants were met. For the reasons set out above, the directors have prepared the financial statements on a going concern basis and have concluded that there are no material uncertainties relating to going concern.”
Significant events
- “On 14 June 2024, the Debt Facility with HSBC UK Bank plc was amended and extended to December 2030 and the debt: equity profile of the group was rebalanced.”
- “a small round of redundancies which was completed in December 2024 in order to reduce this risk. This was further extended in January of 2025 in light of a continued softening in the market, but this was not committed to or foreseen at year end.”
- “During the previous year ended 31 December 2023, a customer went into administration resulting in a bad debt provision of £177,000 and stock provision including fixings of £341,000. This has been fully provided for in the year ended 31 December 2023 and has been classified as exceptional.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACFARLANE, Sarah Louise | Secretary | 2020-10-01 | — | — |
| FISCHER, Andrew Olaf | Director | 2019-07-08 | Aug 1964 | German |
| MACFARLANE, Sarah Louise | Director | 2023-10-12 | Mar 1985 | British |
| MCNEY, Darryl | Director | 2025-07-01 | May 1971 | British |
| PEREZ CORRAL, Maria | Director | 2020-10-14 | Sep 1980 | Spanish |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PAYNE, Richard Neil | Secretary | 2003-05-01 | 2013-04-08 |
| PAYNE, Timothy James | Secretary | — | 2003-05-01 |
| BARGE, Mark Stephen | Director | 2019-11-14 | 2025-07-01 |
| BURCHELL, Timothy John | Director | 2012-06-11 | 2019-07-08 |
| LARGE, Simon Peter | Director | 2012-06-11 | 2024-10-01 |
| PAYNE, George Frederick | Director | — | 1992-12-01 |
| PAYNE, Jonathan George | Director | — | 2003-05-16 |
| PAYNE, Richard Neil | Director | 2004-11-23 | 2013-04-08 |
| PAYNE, Stephen James | Director | 2004-11-23 | 2019-07-08 |
| PAYNE, Timothy James | Director | — | 2006-09-01 |
| PENTER, Graham | Director | 2017-07-06 | 2023-10-12 |
| SAUNDERS, David George | Director | 2015-04-27 | 2025-06-27 |
| SHEEHAN, Patrick Joseph Anthony | Director | — | 2019-07-08 |
| TAYLOR, Merrick Wentworth | Director | — | 2012-02-15 |
| VIRDI, Balraj Singh | Director | 2019-07-08 | 2021-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Earlham Trading Company Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Significant influence (as firm) | 2016-04-06 | Ceased 2016-04-06 |
| Drybrough Trading Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-10 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-05 | AA | accounts | Accounts with accounts type full | |
| 2023-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2022-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-28 | AA | accounts | Accounts with accounts type full | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-16 | AA | accounts | Accounts with accounts type full | |
| 2020-11-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-10-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.