HS PRODUCTS LTD

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

  -6.6%

  £14,314,702 → £13,376,725

  lowest in 3 filed years

• Cash

  -51.4%

  £7,985,859 → £3,883,477

• Net assets

  +4.6%

  £17,313,684 → £18,111,750

  highest in 5 filed years

• Employees

  -11.7%

  94 → 83

  lowest in 5 filed years

• Operating profit

  -72.9%

  £792,658 → £215,170

  lowest in 3 filed years

• Profit before tax

  -62.3%

  £1,034,396 → £389,839

  lowest in 5 filed years

• Wages

  -9.3%

  £4,164,926 → £3,776,642

  lowest 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.

1. HS PRODUCTS LTD 2016-12-09 → present
2. HARRISON SPINKS COMPONENTS LTD 2009-07-25 → 2016-12-09
3. HARRISON SPINUS (COMPONENTS) LTD 2009-07-17 → 2009-07-25
4. SPRINGCO LIMITED 2004-07-26 → 2009-07-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services 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.”

Significant events

• “The financial year has been set against a backdrop of continued global economic uncertainty. Market conditions remain difficult across most international markets, with low investment confidence impacting customer demand across several sectors.”
• “Tariffs imposed on goods exported to the USA severely impacted our North American business. In response, our joint venture in the USA made the strategic decision to increase domestic production of products within the United States.”
• “Global logistics challenges continued during the year, particularly container and shipping disruptions arising from instability in the Red Sea. These issues created extended lead times and cost volatility, impacting both inbound raw materials and outbound exports.”
• “In response to the challenging trading environment, the business maintained a strong focus on cost control, particularly overhead reduction. This included rationalisation of management and office staff structures and the removal of redundant capacity associated with older technology.”
• “During the year, we continued the development of Microsoft Dynamics 365 (D365) to improve stock control, costing accuracy and financial visibility across the business.”
• “Despite external pressures, the company has continued to invest in future innovation. A major highlight of the year was the launch of new innovations at the Interzum industry exhibition, where we were proud to win three industry awards.”

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.