BALTIC WORKS LTD

• ◆

  Outstanding charges registered

  One or more mortgages or charges remain undischarged on the Companies House register.

• ◆

  1 PSC 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

  +9.7%

  £9,450,790 → £10,370,264

• Cash

  +63.4%

  £548,637 → £896,568

• Net assets

  +53.7%

  £3,053,986 → £4,692,485

• Employees

  +2%

  51 → 52

• Operating profit

  +96.5%

  £944,328 → £1,855,611

• Profit before tax

  +106.8%

  £856,744 → £1,772,042

• Wages

  -0.8%

  £1,786,304 → £1,771,547

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. BALTIC WORKS LTD 2013-10-07 → present
2. LISTER SQUARE (NO.182) LIMITED 2013-09-25 → 2013-10-07

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Morris & Young, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After taking this in to account the directors of Baltic Works Limited consider that it is appropriate to prepare these accounts on a going concern basis.”

Group structure

1. BALTIC WORKS LTD · parent
   1. Halley Stevensons Ltd 100% · Scotland · textile finishing and dyeing

Significant events

• “On 27 June 2025, all of the issued share capital of Baltic Works Limited was sold to an Employee Ownership Trust ("EOT") established for the benefit of the group's qualifying employees. The transaction involved the sale of 100% of the company's ordinary shares by the previous shareholders to the EOT. The consideration for the shares is being satisfied through a combination of payment at the date of the transaction and deferred consideration, funded by future contributions from the company to the EOT. The company has agreed to make periodic contributions to the EOT to enable it to meet its obligations to the selling shareholders. These contributions will be accounted for as distributions and will be recognised in equity when paid. The EOT holds the shares for the long-term benefit of employees. Employees do not hold shares directly and do not have individual rights to dividends or capital. The trust is not consolidated into the financial statements of the company, as the directors have concluded that the company does not have control over the trust.”

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

Filings

7

last 12 months

Capital events

3

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.