L.S. STARRETT COMPANY LTD. (THE)

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Confirmation statement overdue

  Due 2026-04-29.

• ⚠

  Material uncertainty over going concern

  There is a material uncertainty related to events that may cast significant doubt on the entity's ability to continue as a going concern. Whilst the parent has confirmed support if required, the parent itself has entered into a merger agreement in a go-private transaction after the reporting period. This makes the future uncertain

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%

  £13,815,000 → £13,261,000

• Cash

  -38.4%

  £1,439,000 → £887,000

• Net assets

  -23.7%

  £9,792,000 → £7,475,000

• Employees

  -15.5%

  71 → 60

• Operating profit

  -82.8%

  £1,944,000 → £335,000

• Profit before tax

  -81.9%

  £1,944,000 → £351,000

• Wages

  -9.5%

  £2,206,000 → £1,997,000

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“There is a material uncertainty related to events that may cast significant doubt on the entity's ability to continue as a going concern. Whilst the parent has confirmed support if required, the parent itself has entered into a merger agreement in a go-private transaction after the reporting period. This makes the future uncertain”

Group structure

1. L.S. STARRETT COMPANY LTD. (THE) · parent
   1. Starrett Precision Optical Ltd 100% · UK
   2. Starrett GmbH 100% · Germany
   3. Starrett (Asia) Pte Limited 100% · Singapore

Significant events

• “Exceptional costs in the year have been incurred following the closure of the subsidiary located in Singapore, with the business fully ceasing activities on 30th September 2022. Due to a deficit in the balance sheet for the subsidiary, the company could not recover the full amount of the loan resulting in a net cost of £711k.”
• “After the reporting period, the parent entity entered into a merger agreement in a go-private transaction.”

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

1

last 12 months

Officers resigned

2

last 12 months

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