LTI METALTECH LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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. LTI METALTECH LIMITED 2004-12-08 → present
2. LTI METALLTECHNIK LIMITED 2004-11-30 → 2004-12-08

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Shaw Gibbs (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company derives the vast majority of its turnover from one customer. Both companies remain dependent upon one another in the short to medium term and the directors are therefore confident that the companies will continue to trade with each other, at similar levels of activity, for the foreseeable future. This is demonstrated by a contractual supply agreement entered into by the parties involved. The current agreement was renewed in the year for a further 3 years to 30th September 2028. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. LTI METALTECH LIMITED · parent
   1. Vessco Engineering Limited 100% · Abingdon, Oxfordshire, OX14 4SD

Significant events

• “The company enters into supplier contracts to purchase materials over certain periods of time in order to fulfil the demand from its principal customer. From time to time the principal customer may discontinue certain product lines and as a result, the company may be in a position where it is contracted to purchase additional materials with respect to discontinued product lines. The directors monitor continuously the demand from its principal customer and they also enter into proactive negotiations to ensure that the discontinuance of certain product lines is managed proactively and does not result in the company being committed to purchase excess stock that cannot be used in other product lines. Despite that and the fact that there is an understanding that the principal supplier will meet such commitments in case of sudden product discontinuations, from time to time a materials provision may be necessary. The provision is estimated by the directors to be the cost of the stock that the company is committed to purchase with respect to discontinued product lines and cannot be used in the manufacturing of others and will not be met by its principal supplier.”
• “The cost of investment regarding the acquisition of Vessco Engineering Limited includes £150,000 with respect to the contingent consideration that will become due if Vessco Engineering Limited achieve profits agreed in the share purchase agreement in the 36 months following the acquisition date. On 16 June 2024, 36 months following the acquisition, the directors of LTi were of the opinion that the relevant performance objectives had been met and therefore the contingent consideration became payable. A corresponding amount of £56,447 was recognised within other creditors in 2024 (2025: £nil) in relation to this consideration.”
• “At the reporting date, the company had capital expenditure commitments of approximately £85,000 in respect of proposed solar panel installations. These commitments are subject to approval from the landlord, local authorities, insurers and other relevant parties. No solar panels had been installed as at the balance sheet date.”

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

Filings

2

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.