SYLATECH 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

  -4.7%

  £10,090,334 → £9,618,957

• Cash

  -42.9%

  £79,782 → £45,555

• Net assets

  +20.6%

  £2,475,701 → £2,986,924

  highest in 6 filed years

• Employees

  -10.8%

  139 → 124

  lowest in 6 filed years

• Operating profit

  -1.7%

  £686,635 → £674,813

• Profit before tax

  +2.8%

  £552,855 → £568,501

• Wages

  -3.1%

  £5,387,163 → £5,221,223

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.

1. SYLATECH LIMITED 2014-03-17 → present
2. CROSSCO (1356) LIMITED 2014-01-30 → 2014-03-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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. SYLATECH LIMITED · parent
   1. MM Microwave Limited 100% · England and Wales · Dormant
   2. Meltx Limited 100% · England and Wales · Research and experimental development on natural sciences and engineering
   3. Flux 245 Limited 100% · England and Wales · Manufacture of chemicals and research and development activities

Significant events

• “During the year, the company experienced strong growth to start the year, which steadied in the last quarter.”
• “The growth strategy spearheaded in the Aerospace, Defence and Space (ADS) sectors continues to work well, resulting in good business activity in all these core sectors.”
• “We continued to invest in our management team, to ensure that we have the relevant skills to achieve our growth plans and significant management training has taken place throughout the year.”
• “The business has completed its fourth year in the Sharing in Growth (SIG) aerospace business transformation programme, and remains entirely engaged with this continuous improvement journey.”
• “Operationally, we continue to see good improvements in the productivity per employee, which s working well with our continued drive to robotise appropriate operations, and three robots now operate 7 days per week.”
• “Through our R&D activity, the plastics recycling project concluded its proof-of-concept stage and has moved to a fund-raising stage looking for seed investment.”
• “Also in the year, we continued into the 2nd year of our 3yr £3.6m R&D programme through the ATI for a novel way to clean aluminium prior to casting on a continuous basis.”

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

Filings

9

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.