HORN CUTTING TOOLS 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

  -5.7%

  £11,185,501 → £10,548,328

• Cash

  +32%

  £2,303,743 → £3,041,145

  highest in 5 filed years

• Net assets

  +8.9%

  £2,936,566 → £3,198,219

• Employees

  -13.6%

  44 → 38

  lowest in 5 filed years

• Operating profit

  -51.5%

  £596,591 → £289,446

  first positive since 2020

• Profit before tax

  -40.1%

  £666,366 → £399,183

  first positive since 2020

• Wages

  -1.8%

  £2,237,886 → £2,197,274

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

Knox Cropper LLP Chartered Accountants and Statutory Auditor

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.”

Significant events

• “During the year the difficult decision has been made to cease manufacturing in the UK.”
• “The future plans for the company involve an internal and external training centre for customers, sales engineers and distributors, a unique facility that is otherwise unavailable in the current market. The operating centre will also increase the capacity to retain stock with new storage equipment which should in turn be able to provide a faster service to customers, also reducing the costs. This facility will require renovation to be completed by Q2 in 2025.”
• “The biannual industry exhibition took place in 2024 and therefore this year's exhibition costs were £182k with none in the previous year.”

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.