KINGDOM TIMBER ENGINEERING LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -15.3%

  £13,046,703 → £11,050,747

  lowest in 3 filed years

• Cash

  +20.3%

  £3,330,805 → £4,005,804

  highest in 4 filed years

• Net assets

  +15.1%

  £4,541,653 → £5,225,463

  highest in 4 filed years

• Employees

  -14.5%

  62 → 53

  lowest in 4 filed years

• Operating profit

  -35.4%

  £1,706,709 → £1,101,786

  lowest in 3 filed years

• Profit before tax

  -31.8%

  £1,725,713 → £1,176,908

  lowest in 4 filed years

• Wages

  -2%

  £1,804,979 → £1,769,071

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

Henderson Loggie LLP

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.”

Significant events

• “Continued investment in new modern plant and machinery has enabled the business to increase its productivity, expand its presence in Scotland and improve the quality of finished goods, which puts the company in a strong position moving forward.”
• “The business has generated strong cashflows during the year, and ends the year with a strong balance sheet with no borrowings.”
• “The directors will continue to monitor ongoing opportunities for investment to further enhance the company's performance.”

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

Filings

11

last 12 months

Capital events

0

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.