SKYNET LTD

• ◆

  2 PSCs 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

  +10.3%

  £34,564,068 → £38,141,391

• Cash

  +8.4%

  £1,268,029 → £1,374,365

  highest in 5 filed years

• Net assets

  -90.6%

  £366,402 → £34,428

• Employees

  +2.1%

  95 → 97

  highest in 5 filed years

• Operating profit

  -45.9%

  £510,381 → £276,127

• Profit before tax

  -85%

  £508,183 → £76,315

• Wages

  +11.7%

  £2,056,492 → £2,296,601

  highest in 5 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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the company and group's forecasts and projections, the directors have reasonable expectation that the group can remain a viable going concern for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing the financial statements.”

Group structure

1. SKYNET LTD · parent
   1. Orderline Limited 100% · England and Wales
   2. Beamwave Limited 100% · England and Wales
   3. Distrosys Ltd 100% · England and Wales

Significant events

• “During the majority of the year, the group sought to invest in and expand the range of selling platforms on which goods were sold. A strategic decision was made by the directors to engage third party consultants to support the group through the initial stages of this venture, and the support ceased once the company had been established on the selling platforms and a selling policy implemented. These costs are included as exceptional costs within the Financial Statements, reflecting the one-off nature of the expenditure incurred.”
• “On 16 September 2024, the group sold all shares held in Imperial Midlands Limited and Hilton Pharmacy Ltd following a review by the directors of the operations of the group. The resulting disposal resulted in an accounting loss which is included on the group Profit and Loss Account and has resulted in a net loss for the group for the year ended 28 February 2025.. The directors note that this is a one-off transaction undertaken by the group, which does not have any impact on the underlying trading results of the group, and there will be no future impact to the trading results of the group as a result.”

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

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.