MIDLAND FIXINGS LTD

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

  +14.3%

  £24,556,114 → £28,072,511

  highest in 4 filed years

• Cash

  +110.2%

  £2,074,616 → £4,360,128

  highest in 5 filed years

• Net assets

  +22.4%

  £5,476,253 → £6,700,254

  highest in 5 filed years

• Employees

  +13.4%

  82 → 93

  highest in 5 filed years

• Operating profit

  +12%

  £4,689,616 → £5,253,196

  highest in 4 filed years

• Profit before tax

  +12.2%

  £4,750,849 → £5,330,506

  highest in 5 filed years

• Wages

  +18.5%

  £3,732,365 → £4,423,292

  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

Standalone (parent only)

Auditor

Taylor Dawson Plumb Limited

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 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. MIDLAND FIXINGS LTD · parent
   1. Midfix Limited 100% · England and Wales · Dormant
   2. Midfix (London) Limited 100% · England and Wales · Dormant

Significant events

• “During the year company sales have increased by 14.3% (2024: £28,072,511, 2023 £24,556,114). This is in line with the original targets set at the beginning of the year, demonstrating how the company continues to grow, whilst also recognising the inflationary impacts on goods supplied.”
• “Trade debtors are being effectively managed with the debtor days position slightly increasing in the year to 31 December 202 4 from 46.3 days to 48.93 days. This impact has coupled with an equivalent increase in average creditor days for the year to 31 December 2024 to 31.9 days (2023: 17.3 days).”
• “Decreased stock holding days has meant that overall working capital days have decreased by 14 days as at 31 December 2024 to 87 days (2023: 101 days) driving the working capital percentage up from 17% to 24.8%.”
• “The key risks and uncertainties affecting the company are the sluggish performance of the UK economy, as well as continued global tensions which have the potential to drive supply shortages and disrupt established supply chains.”

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

Filings

3

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.