THOR ATKINSON STEEL FABRICATIONS LTD

• ⚠

  Confirmation statement overdue

  Due 2026-05-12.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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%

  £15,931,283 → £17,571,016

• Cash

  +55.4%

  -£481,870 → -£214,849

• Net assets

  +68.5%

  £835,793 → £1,408,442

• Employees

  0%

  121 → 121

• Operating profit

  +103.2%

  £904,636 → £1,837,926

• Profit before tax

  +174.4%

  £532,896 → £1,462,041

• Wages

  -0.3%

  £5,077,325 → £5,059,898

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

RFM Audit Services LLP

Audit opinion

Qualified

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 performance in this financial year shows continued stability following the COVID pandemic, with the bounce back in sales maintained with an increase on the prior year. The results show a 3.6% increase in the gross profit margin which is aided to management of direct costs throughout the year.”
• “The company has continued to service its loans during the year, the overdraft at the bank has decreased but within the limit set by the bank. New equipment purchased in the year was mainly financed by hire purchase arrangements to continue investment in the business, whilst maintaining sufficient cashflows. Debt potentially repayable within one year has decreased from 31.4% to 29.7%, mainly due to a reduction in the bank overdraft balance at the year end and represents a reduction from 2023.”
• “Bank of England base rates rose from 4.50% on 1 June 2023 peaking at 5.25% in August 2023 where they remained until August 2024. High interest rates affected the debt service requirements of the Company.”
• “The ongoing invasion of Ukraine and growth of far eastern economies have had and will continue to have a significant impact on commodity prices, especially those of fuel and steel.”
• “Since the year end, the Company has reduced sales volume by 7.5% but increased margin by 1.14%. Net profit has increased by roughly 5% over the previous year. The directors however anticipate strong sales in the final months of the year to 31 May 2025 which will recover some of the volume whilst maintaining higher margin.”
• “In addition, an opportunity has been identified to work more closely with one quarry to boost production and crushing volumes significantly over the medium term. This will require investment in plant and labour which will be more than matched by increased, regular cash inflow from the upscaled project.”
• “In April 2024, the company made a payment of £18,783 to a scam company in error. The bank were unable to retrieve the payment and the loss is charged in the profit and loss account.”

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.