STRIP TINNING HOLDINGS PLC

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

  -4.8%

  £9,027,000 → £8,592,000

• Cash

  +20.5%

  £512,000 → £617,000

• Net assets

  -88.5%

  £2,186,000 → £252,000

• Employees

  -17.8%

  118 → 97

• Operating profit

  +33.1%

  -£3,397,000 → -£2,272,000

• Profit before tax

  +53.5%

  -£4,886,000 → -£2,274,000

• Wages

  -18.1%

  £4,495,000 → £3,683,000

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. STRIP TINNING HOLDINGS PLC 2022-02-07 → present
2. STRIP TINNING HOLDINGS LIMITED 2022-01-06 → 2022-02-07

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Dains Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors, having made suitable enquiries, analysis and judgements, consider that the Group has adequate resources to continue in business for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. In making this assessment the Directors have considered the Group budgets for the period up to June 2027, routinely updated forward forecasts for revenue, costs and cash flows, the impact of cost cutting already completed and applied sensitivities to these forecasts. The key assumptions included within the forecasts, and thus informing the Directors' views on the going concern position of the Group, are as follows: Sales run rates are starting to increase in Q1 of 2026 with the new contracts starting to increase in volumes, we are forecasting that this will increase further as we reach launch dates of key nominations in Q2 and Q3 of 2026; The impact of reciprocal tariffs on products ultimately supplied to the US will be passed to customers; The potential impact of the current Ukraine and Iran wars have been considered on the cost base of the business, though the directors note that the main supply base is in UK, Europe and China. Some logistical impact is anticipated but the impact is not forecast to be significant. As activity increases recruitment of new staff continues in line with the new projects forecasts however we are continually looking at ways to improve efficiencies; Utilisation of the CID facility is maintained at c.75% of the sales ledger at any point in time. We currently have an agreed facility of 85%; Further external funding, over and above the current facilities available to the group, is not required throughout the forecast period to support the above activities.”

Group structure

1. STRIP TINNING HOLDINGS PLC · parent
   1. Strip Tinning Limited 100% · England · manufactures automotive busbar, ancillary connectors and flexible printed circuits (FPC)
   2. Strip Tinning Technologies Limited 100% · England · not yet traded

Significant events

• “2025 was a challenging but ultimately successful year with the key focus being managing cash whilst preparing for the growth in 2026.”
• “cost and capex reductions worth over £3.5m in 2025 and 2026”
• “Zoox project is on track for launch in early Q2”
• “One of the PDLC projects launched in February 2026 and the other is due for launch late Q2 2026.”
• “investment and upgrades made to our chemical processes used to make flexible printed circuits.”
• “Re-layout of our factories - with three major new projects scheduled to launch in 2026, 2025 saw major improvements made to our existing factory buildings and the addition of a further seven and half thousand square feet building on the same business park as our existing buildings.”
• “Additional clean rooms have been added to cope with the ramp up of the Zoox Robotaxi battery Cell Contacting system (CCS).”
• “The Group has invested heavily in improving quality controls with DMC laser marking for part identification, MES to control linked processes, more sophisticated electrical testing and 3D AOI (Automated Optical Inspection) to increase inspection throughput and automate the process.”
• “The second half of the year has seen promotions and restructuring together with recruitment, to strengthen the team.”
• “Gross Margins rose through the year with the average rising from 33% in 2024 to 40% in 2025 and are expected to hold at approximately 40% from 2026.”
• “Cash management improved across the business, such that we closed the year with our Net Cash Generated from operations in the year £1.6m (2024 used £2.3m).”
• “one reportable accident in the year”

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

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.