SEAWARD ELECTRONIC 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

• Turnover

  -0.3%

  £24,892,966 → £24,817,426

• Cash

  +36.1%

  £1,143,862 → £1,556,898

• Net assets

  +7.3%

  £7,814,709 → £8,388,329

  highest in 5 filed years

• Employees

  +13.5%

  178 → 202

  highest in 5 filed years

• Operating profit

  -33.8%

  £4,138,075 → £2,739,980

  lowest in 4 filed years

• Profit before tax

  -33.9%

  £4,142,772 → £2,738,180

  lowest in 5 filed years

• Wages

  +13.3%

  £6,249,507 → £7,081,892

  highest in 5 filed years

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

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.

1. SEAWARD ELECTRONIC LIMITED 1984-08-20 → present
2. INSTRUMENT REPAIR SERVICE LIMITED 1982-10-28 → 1984-08-20

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Rödl & Partner Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 original financial statements were authorised for issue.”

Significant events

• “Turnover in 2024 remained in line with the previous year. Trading in the first half of the year was strong and 12% ahead of the same period last year. Activity across all brands slowed in the second half of the year; an effect felt across many geographies and by other GMC Instruments companies. The specific expectation of continued demand for our Solar products within Europe dropped as our partners were temporarily over-stocked.”
• “It is expected that, once again, pressure from the progressive trajectory of the NLW will remain in 2025, however, the upcoming national insurance increase in April 2025 will be of greater influence.”

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

2

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.