MEMTECH LTD

• ⚠

  Material uncertainty over going concern

  We have concluded that the directors' use of the going concern basis of accounting is not appropriate for the Group, as explained in Note 2 to the financial statements. As described in that note, subsequent to the reporting date certain subsidiaries of the Group entered administration and, as a result, the Group will not continue trading in its current form. Accordingly, the consolidated financial statements have been prepared on a basis other than going concern.

• ◆

  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. About these numbers

• Turnover

  +1.2%

  £20,425,186 → £20,673,115

• Cash

  -50.2%

  £212,630 → £105,898

• Net assets

  +3.9%

  £832,481 → £864,703

• Employees

  +25.9%

  85 → 107

• Operating profit

  -66.5%

  £999,399 → £334,630

• Profit before tax

  -130.7%

  £398,050 → -£122,157

• Wages

  +9.5%

  £2,961,722 → £3,244,323

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. MEMTECH LTD 2007-02-22 → present
2. DELTAFAB LIMITED 1997-02-26 → 2007-02-22

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

SBCA Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We have concluded that the directors' use of the going concern basis of accounting is not appropriate for the Group, as explained in Note 2 to the financial statements. As described in that note, subsequent to the reporting date certain subsidiaries of the Group entered administration and, as a result, the Group will not continue trading in its current form. Accordingly, the consolidated financial statements have been prepared on a basis other than going concern.”

Group structure

1. MEMTECH LTD · parent
   1. Easy-Trim Roofing and Construction Product Limited 60% · Construction products
   2. Vinyl (GB) Limited 33% · Manufacturing

Significant events

• “Subsequent to the reporting date, MemTech Ltd acquired the remaining 40% shareholding in EasyTrim Roofing and Construction Products Limited, increasing its ownership to 100%. Shortly thereafter, EasyTrim Roofing and Construction Products Limited and its subsidiary, Vinyl GB Ltd, entered administration.”

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

1

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.