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Cash

Latest balance sheet

Net assets

£17M

+20.1% vs 2023

Employees

108

-3.6% vs 2023

Profit before tax

£3.8M

+17.5% vs 2023

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31 Δ vs prior
Turnover £62,365,000£66,498,000 +6.6%
Operating profit £2,979,000£3,356,000 +12.7%
Profit before tax £3,249,000£3,819,000 +17.5%
Net profit £2,472,000£2,839,000 +14.8%
Cash
Total assets less current liabilities £15,359,000£18,327,000 +19.3%
Net assets £14,163,000£17,012,000 +20.1%
Equity £14,163,000£17,012,000 +20.1%
Average employees 112108 -3.6%
Wages £5,605,000£5,864,000 +4.6%
Directors' remuneration £156,000£174,000 +11.5%

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 4.8%5.0%
Net margin 4.0%4.3%
Return on capital employed 19.4%18.3%
Current ratio 1.99x2.13x

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.

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The financial statements are prepared on a going concern basis. The Company recorded a profit after taxation of £2,839,000 (2023: £2,472,000). The Company had net assets £17,012,000 (2023: £14,163,000) at the end of the year. The financial statements have been prepared on a going concern basis which the Directors believe to be appropriate. The Directors conclude that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company, UPM-Kymmene Corporation.”

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

People

5 active · 4 resigned

Name Role Appointed Born Nationality
KNOX, Tracy Louise Secretary 2020-10-01
JOHNSON, Shaun Patrick Director 2021-07-30 Aug 1967 British
KARLSSON, Max Johannes Director 2024-12-18 Dec 1983 Finnish
MEBUS, Stefan Director 2020-10-01 Apr 1979 Finnish,German
TALVIA, Tommi Juhani Director 2022-11-17 May 1982 Finnish
Show 4 resigned officers
Name Role Appointed Resigned
CHALMERS, David Graeme Secretary 2017-10-02 2020-10-01
CHALMERS, David Graeme Director 2017-10-02 2021-07-30
RASANEN, Juuli Director 2017-10-02 2024-12-18
SALMELIN, Mirja Inkeri Margareeta Director 2017-10-02 2022-11-17

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Upm-Kymmene Oyj Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2017-10-02 Active

Filing timeline

Last 20 of 31 total filings

Date Type Category Description
2025-12-15 AA accounts Accounts with accounts type full
2025-06-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-12-23 AP01 officers Appoint person director company with name date PDF
2024-12-23 TM01 officers Termination director company with name termination date PDF
2024-10-07 AA accounts Accounts with accounts type full
2024-06-07 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-12-28 AA accounts Accounts with accounts type full
2023-06-19 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-11-25 AP01 officers Appoint person director company with name date PDF
2022-11-24 TM01 officers Termination director company with name termination date PDF
2022-11-15 AA accounts Accounts with accounts type full
2022-06-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-09-21 AA accounts Accounts with accounts type full
2021-08-02 TM01 officers Termination director company with name termination date PDF
2021-08-02 AP01 officers Appoint person director company with name date PDF
2021-06-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-06-16 CH01 officers Change person director company with change date PDF
2020-10-24 AP01 officers Appoint person director company with name date PDF
2020-10-22 TM02 officers Termination secretary company with name termination date PDF
2020-10-22 AP03 officers Appoint person secretary company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
1

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.

Official Companies House page