FRANCHI PLC

• ◆

  Audit opinion: Adverse

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

• ◆

  1 PSC 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 6 months prior. 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. FRANCHI PLC 2010-06-08 → present
2. FRANCHI LOCKS & TOOLS PUBLIC LIMITED COMPANY 2010-06-08 → 2010-06-08
3. FRANCHI LOCKS & TOOLS LIMITED 1986-01-16 → 2010-06-08

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Nash Harvey Group LLP

Audit opinion

Adverse

Going concern

Affirmed

“Having considered the level of expected support the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the company's ability to continue as a going concern.”

Significant events

• “During the year the company has invested circa £0.30 million in people and infrastructure related to its new Reuse division, an exciting new activity capitalising on demands to improve sustainable practices across the construction sector. This investment has been held on the balance sheet at 30 September 2025, as the sales and profits generated from these efforts will be realised post year end.”
• “The Company's auditors have expressed a different view regarding the accounting treatment of expenditure incurred in developing the Group's Reuse division and, therefore, have issued an adverse audit opinion.”
• “During the year ended 30 September 2025, the company changed invoice discounting provider from Close Brothers Limited, to whom £951,472 was payable at 30 September 2024.”
• “Included within other borrowings is an amount totalling £1,415,000 (2024: £1,675,000). Of this, £500,000 (2024: £500,000) is secured by a personal guarantee from a director, supported by a charge over an asset owned by that director. A further £500,000 (2024: £500,000) is secured by a charge over a property owned by the ultimate controlling party. The remaining £415,000 (2024: £675,000) is unsecured.”

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

2

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.