EASBY GROUP TOPCO 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

  -26.5%

  £34,409,754 → £25,277,378

• Cash

  +7.3%

  £1,830,878 → £1,965,049

• Net assets

  -245%

  -£2,075,401 → -£7,159,674

  lowest in 3 filed years

• Employees

  -12.9%

  85 → 74

• Operating profit

  -1,648.1%

  £181,219 → -£2,805,422

• Profit before tax

  -138.7%

  -£2,355,629 → -£5,622,738

• Wages

  -5.7%

  £3,565,403 → £3,361,250

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared cashflow forecasts for the period of at least 12 months from approval of the financial statements based on external market forecasts, customer demand forecasts and expected changes to product mix. These forecasts indicate that, taking into account severe but plausible downsides, which assume a 10% reduction to expected revenues over the forecast period, the company and group is expected to have sufficient funds through its existing short-term asset based lending arrangements to meet its liabilities as they fall due during the forecast period. At 31 December 2024 these arrangements are with Clydesdale Bank plc, trading as Virgin Money.”

Group structure

1. EASBY GROUP TOPCO LIMITED · parent
   1. Easby Group Midco Limited 100% · England
   2. Easby Group Bidco Limited 100% · England
   3. Easby Electronics Limited 100% · England
   4. Delta-Impact Limited 100% · England
   5. Delta Impact (Hong Kong) Limited 100% · Hong Kong
   6. Matrix Electronics Limited 100% · England

Significant events

• “During 2024 the Matrix business (acquired in 2023) was successfully migrated on to the group's existing ERP system in order to drive operational efficiency and streamline business processes across the newly integrated entity.”
• “Loss Before Tax in the year ended 31 December 2024 of £5.6m includes a one off exceptional charge of £1.2m. This one-off cost primarily relates to a customer who entered into administration, which resulted in a bad debt write-off of £0.5m, representing the irrecoverable balance owed by the customer, and a stock write-down of £0.6m, reflecting the impairment of inventory specific to the aforementioned customer, which is no longer saleable.”

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.