SUMAC PRECISION ENGINEERING 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

  +14%

  £8,452,563 → £9,638,990

  highest in 4 filed years

• Cash

  +93.5%

  £1,427,265 → £2,761,410

  highest in 4 filed years

• Net assets

  +18.2%

  £3,909,713 → £4,620,436

• Employees

  +1.8%

  110 → 112

• Operating profit

  +199.7%

  £380,160 → £1,139,393

  highest in 4 filed years

• Profit before tax

  +232.5%

  £337,974 → £1,123,716

  highest in 4 filed years

• Wages

  +4.1%

  £3,449,221 → £3,592,358

  highest in 4 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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Albert Goodman LLP

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

• “Ongoing challenges remain but supply chain issues due to the Russian invasion of Ukraine seem far more settled.”
• “The ongoing costs of conducting business in the UK, does however seriously affect our ability for competitiveness in not only global but also UK markets. Unfortunately fuel and energy prices have remained stubbornly high with no reduced costs on the horizon.”
• “Turnover increased with good gross profits maintained. The directors continue to strive to solidify business relationships with good growth seen from a number of these new market sectors. Global demand remained stubbornly slow in electronics and semi conductor sectors, but this was adequately offset by improved business outlooks in scientific, medical and defence, amongst others.”
• “Investment in capital equipment and personnel is ongoing to ensure local and global competitiveness is maintained and allow for good positioning for ongoing stability. To ensure improved efficiencies and competitiveness, Sumac continues to invest in capital equipment, and the replacement of the laser cutting machine shows significant improvement to processes and capability.”
• “The principal risk to the business remains broadly similar to the previous year. Global insecurity and conflict including Russia/Ukraine, and Israel/Iran continue to have a negative impact and show no sign of stabilizing in the short term. The eventual impact of US political strategy is largely unknown. Principal risks facing the company are largely maintaining and reducing leadtimes as customers are seeing this as a key requirement for accessing markets. Skilled labour continues to be problematic.”
• “Government strategy is stifling UK business with upward pressure on wages and employment costs, and the erosion of our ability to compete in Global markets as a result of these, are a concern.”

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

Filings

2

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.