SOUTHERN SPARS (UK) 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

  +64%

  £1,377,717 → £2,259,129

• Cash

  -99.8%

  £70,638 → £156

• Net assets

  +4.9%

  £11,145,476 → £11,687,846

• Employees

  +25%

  20 → 25

• Operating profit

  -93.3%

  £2,224,671 → £149,417

• Profit before tax

  -89.9%

  £5,368,947 → £542,370

• Wages

  +21.3%

  £878,927 → £1,066,137

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. SOUTHERN SPARS (UK) LIMITED 2014-05-16 → present
2. SOUTHERN SPARS EUROPE LIMITED 2008-12-31 → 2014-05-16

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 December 2024 the company had net assets of £11,687,846 (2023: £11,145,476). The continued improvement in the underlying position is largely driven by the operational performance of the DynaRig business. The directors believe it is still appropriate to adopt the going concern basis in preparing these financial statements.”

Group structure

1. SOUTHERN SPARS (UK) LIMITED · parent
   1. Future Fibres Lanka (Private) Sri Lanka Limited 100% · Sri Lanka · manufacture of carbon fibre rigging
   2. Future Fibres Rigging Systems, Spain S.L.U. 100% · Spain · supplier of composite rigging
   3. NTG Masts Europe B.V. 100% · Netherlands · supplier of Southern Spars products within Europe
   4. Southern Spars Europe Sp.z.o.o. 100% · Poland · manufacture of Southern Spars DynaRig product

Significant events

• “2023 was impacted by the payment of a dividend from the Future Fibres Spanish subsidiary and also a write back of intercompany interest cost, neither of which have been repeated in 2024.”
• “The signature of 2 DynaRig projects in 2024 confirms the level of future opportunities.”

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

Filings

5

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.