I. W. T. DEESIDE 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

  -15.6%

  £47,455,152 → £40,032,855

• Cash

  +665.3%

  £1,062,834 → £8,134,053

• Net assets

  +10.3%

  £21,685,632 → £23,922,368

• Employees

  -21.7%

  69 → 54

• Operating profit

  -4.1%

  £6,058,543 → £5,809,094

• Profit before tax

  -5.5%

  £6,185,083 → £5,844,911

• Wages

  -15.8%

  £1,924,942 → £1,621,719

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

M. D. Coxey and Co. Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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. I. W. T. DEESIDE LIMITED · parent
   1. Ifor Williams Trailers Limited
   2. I.W.T. Composites Limited
   3. S.A.R.L. Ifor Williams France · France
   4. Hipitecnica Lda

Significant events

• “With a focus on our long-term growth strategy, several new distributors have been appointed to strengthen our worldwide network, represent our brand and fulfil customer demand for our products in new geographical territories.”
• “During the year the company continued its improvement plan for manufacturing and operational systems, enabling us to meet customer demand, maintain stock levels across our distribution partners and provide trailer and genuine part availability for our customers.”
• “The fiscal year presented challenges relating to the ongoing economic downturn with increased interest rates, and the risk of recession, impacting on consumer spending.”
• “The company has ended the fiscal year in a position which enables it to continue its program of asset investment which, together with continuous improvement in manufacturing operations and supply chain, reinforces our longstanding commitment to provide end customers with high quality products at best value.”
• “Lighting upgrade: Incumbent lighting upgraded to more efficient lighting substitutes, as well as providing opportunities for improved lighting control through the fitting of PIR sensors.”
• “Behavioural change: Improved awareness amongst employees regarding energy usage to promote energy conscious and positive action culture around energy reduction.”
• “Voltage optimisation: Voltage optimisation units are being trialled to reduce energy consumption, through the controlling and adjusting of electrical voltage supplied to electrical systems to the optimum levels required.”
• “Renewable energy: I.W.T. Deeside Limited are actively pursuing renewable energy options, with a view to utilising solar PV energy for providing electrical energy to production sites.”

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

0

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.