TEKFLOOR 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

  +3.9%

  £42,933,331 → £44,589,468

  highest in 3 filed years

• Cash

  +38.5%

  £2,332,767 → £3,231,002

  highest in 5 filed years

• Net assets

  -61.3%

  £885,018 → £342,647

  first positive since 2020

• Employees

  +2.4%

  123 → 126

  highest in 5 filed years

• Operating profit

  -123%

  £655,277 → -£150,907

  lowest in 3 filed years

• Profit before tax

  -348.5%

  £282,610 → -£702,371

  lowest in 3 filed years

• Wages

  +2.2%

  £5,502,444 → £5,622,450

  highest 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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BHP LLP

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 group's and parent 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.”

Group structure

1. TEKFLOOR LIMITED · parent
   1. Builders Merchant Direct Ltd 100% · England
   2. Haulage, Storage and Distribution Ltd 100% · England · dormant in the year
   3. Tekgroup Ltd 100% · England

Significant events

• “2024 was a challenging year for the industry.”
• “Turnover for the year to 31st October 2024 is 3.9% higher than the year to 31st October 2022. Given the challenging market, the directors are pleased with this growth.”
• “Gross margin decreased from 31.5% in 2023 to 30.3% in 2024. The directors consider the fall to be due to market conditions.”
• “Profit before tax of £282,610 (0.7%) in 2023 became a loss before tax of £702,371 (-1.6%) in 2024.”
• “The net assets decreased from £885,018 to £342,647. Given the challenging market, the directors as pleased that the net assets are still positive.”
• “The uncertainties over the supply of building materials and the lack of skilled labour in the construction sector remain.”
• “We have policies to hedge the cost of diesel to mitigate this risk.”
• “The directors are confident that the diversification into new markets will help the group combat a lot of risks.”
• “More growth is expected and the business continues to invest in its infrastructure accordingly.”

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.