TRANSPORTER 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

  +18%

  £27,931,099 → £32,948,823

• Cash

  +762.7%

  £119,272 → £1,028,910

  highest in 3 filed years

• Net assets

  +28.9%

  £4,085,093 → £5,265,625

  highest in 3 filed years

• Employees

  +44.6%

  83 → 120

  highest in 3 filed years

• Operating profit

  +178%

  £558,326 → £1,551,874

• Profit before tax

  +170.9%

  £580,208 → £1,571,892

  highest in 3 filed years

• Wages

  +61.5%

  £2,544,828 → £4,109,659

  highest in 3 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.

1. TRANSPORTER ENGINEERING LIMITED 2017-04-03 → present
2. HUNWICK ENGINEERING LIMITED 2002-05-13 → 2017-04-03

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ensors

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.”

Group structure

1. TRANSPORTER ENGINEERING LIMITED · parent
   1. Park Hall (Gosfield) Ltd · England and Wales

Significant events

• “This financial year has seen trading performance bounce back to levels last seen before the COVID-19 pandemic as the motor industry settles after a somewhat traumatic period. This period of stability has allowed the business to concentrate on margins achieved per product with a view to driving improvements across the board.”
• “The business has spent a considerable amount of time reviewing its costings in order maximise returns per build and this is shown in an increase of 4% on the gross profit margin when compared to last year.”
• “The cost of living crisis continues to pose problems for our workforce with household costs continuing to rise. The business has made every effort to instigate more regular employee reviews to ensure that staff are aligned to the market rates for their skill set.”
• “The business successfully integrated the joint venture business into the company during this year which has helped to alleviate risks associated with components used in the manufacturing process.”
• “Commodity prices are currently stabilised from the fallout of the war in Ukraine but with other unrest in the world there is still a risk to these prices and therefore the build cost of the products could increase.”
• “With shifts in the new car market towards electric vehicles and the influx of bigger SUV's, demand for transporter products with the ability to carry greater weight has risen.”
• “The business continues to look at expansion into alternative car transportation models given Government expectations and invest in R&D for the current models to provide the continuous improvements that our customers require.”
• “The recruitment of skilled and semi-skilled people to join the team will always be challenging, but with the implementation of our more efficient review processes, the ability to upskill the current team to offer progression is now more apparent to department heads.”

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

Filings

4

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.