PHILEX ELECTRONIC 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

  -18.8%

  £18,614,507 → £15,112,751

  lowest in 4 filed years

• Cash

  +157.8%

  £18,908 → £48,751

• Net assets

  -66.2%

  £367,355 → £124,198

  lowest in 6 filed years

• Employees

  -6.3%

  48 → 45

  lowest in 6 filed years

• Operating profit

  +87.7%

  -£2,569,757 → -£316,863

• Profit before tax

  +91.3%

  -£2,785,749 → -£243,157

• Wages

  -4.5%

  £1,637,404 → £1,564,212

  lowest in 6 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

Affinia (Colchester)

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is in a net current liability position of £189,083 at the balance sheet date. The directors have successfully taken numerous steps to address the challenging trade environment they operate within including at the time of signing these accounts securing new business for 2026. Finance facilities have been agreed to February 2027. The Directors have continued a successful reduction of fixed overheads which has seen the company return to positive EBITDA. The company has continued its focus on profitability with scaled back unprofitable lines exiting high cost territories. Further analysis of the company's business strategy can be found in the strategic report of these accounts which the directors are confident will safeguard the future of the business. At the balance sheet date, the company was owed £228,887 by connected companies which the ultimate parent has confirmed in writing it will guarantee as these companies are currently in a net current liability position. Therefore, on the basis of a positive trading outlook for 2026/27, forecast headroom in the third party finance facilities not due for renewal until February 2027 and the continued written support from the ultimate owners and related parties the directors are confident in the future of the company being a going concern for at least 12 months from the date these financial statements are signed.”

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

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

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.