PERMAROOF (UK) 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

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

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 financial statements are authorised for issue. The group has received a letter of support from its lenders for the period of 12 months from the date of repart sign off.”

Significant events

• “2024 saw some disruption in product supply leading to reduced sales at the beginning of the period, however sales improved throughout the period in line with better stock availability.”
• “During the period the business invested heavily in a market opportunity to supply product into the commercial roofing market. This initiative did not prove to be as successful as anticipated and consequently, the decision was taken to reduce activity in this area. As a result, significant one-off costs of £945,619 (primarily stock write downs and redundancy costs) were incurred which have been charged against the profits.”
• “The Company has become aware that certain products which it has sold may not have been compliant with the certifications provided by the manufacturer. It is not presently possible to determine what corrective action, if any, will be required, what portion of any costs thereof will be attributable to the Company, or whether all or any portion of such costs will be covered by insurance or will be recoverable from third parties.”
• “After the period, a customer of the company instigated proceedings against the company as they unknowingly supplied them products that did not meet the required standards. No provision has been made in these financial statements as the management do not consider that the potential claim will be material to these accounts.”

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

Filings

7

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.