STELRAD 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

  -2.1%

  £108,263,000 → £106,027,000

• Cash

  +183.3%

  £228,000 → £646,000

• Net assets

  +0.5%

  £25,001,000 → £25,117,000

• Employees

  -3.1%

  194 → 188

• Operating profit

  +3.6%

  £16,977,000 → £17,583,000

• Profit before tax

  +2.8%

  £17,580,000 → £18,068,000

• Wages

  -0.7%

  £6,803,000 → £6,757,000

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

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. STELRAD LIMITED 2007-03-07 → present
2. CARADON STELRAD LIMITED 1994-08-01 → 2007-03-07
3. CHROMEMASTER LIMITED 1988-05-31 → 1994-08-01

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group meets its day-to-day working capital requirements through bank loan facilities which are in place up to December 2028, comprising a £76.027 million revolving credit facility and a €28.346 million term loan facility. ... Based on the output of this going concern review, management have concluded that the group will be able to continue to operate within its existing facilities and as such the accounts have been prepared on a going concern basis.”

Significant events

• “During the year ended 31 December 2025 the company paid a dividend of £16,000,000 (2024: £15,000,000).”
• “Turnover for the year was £106,027,000 with a year on year decrease of 2.1%. This was principally as a result of reduced sales volumes.”
• “Operating profit for the year was £17,583,000. The increase in operating profit compared to 2024 was principally as a result of an increase in contribution per radiator partially offset by reduced sales volumes.”
• “Working capital increased by £1,256,000 in the year.”
• “The average monthly number of employees in the company year on year reduced by 3.1%.”
• “The company does not have any forward currency contracts in place at either balance sheet date.”
• “The company does not have any interest rate swaps in place at either balance sheet date.”
• “Research and development costs of £583,000 (2024: £570,000) have been incurred in the year. All such costs are expensed as incurred.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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