SILKSTONE FINANCE 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

  +9.7%

  £104,235,092 → £114,388,361

• Cash

  +740.3%

  £1,613,777 → £13,560,926

• Net assets

  +10.5%

  £89,651,586 → £99,105,336

• Employees

  +16.2%

  524 → 609

• Operating profit

  -2.5%

  £21,388,905 → £20,850,195

• Profit before tax

  -13.5%

  £24,520,097 → £21,208,286

• Wages

  +22.3%

  £15,820,592 → £19,342,194

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the on-going situation with the current cost of living crisis and the war in Ukraine as part of their going concern assessment. The view of the directors is that, while they acknowledge the ongoing issues that will affect the economy over the coming weeks and months, the directors feel that the company is well placed to negotiate the conditions it is facing. In reaching their conclusion, the directors have considered the headroom of cash reserves and the current cash burn rate of the business over a period of 12 months from the date of sign off, applying appropriate sensitivity analysis to their cost base. Further, the directors note the low gearing of the business and significant assets held and deem if required, debt finance could be sourced to aid any cash pressures. After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. SILKSTONE FINANCE LIMITED · parent
   1. Ultima Furniture Systems Limited · manufacturing of kitchen furniture, selling to retailers across the UK and direct to the public via the internet
   2. Spirit of 1873 Limited · rugby club

Significant events

• “During the year the interest free loan in the name of Innova Leisure limited totalling £1,655,938 was written off as an unrecoverable loan.”

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

Filings

9

last 12 months

Capital events

0

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.