PANAZ HOLDINGS LIMITED

• ◆

  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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PM+M Solutions for Business LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite the ongoing headwinds facing the UK economy, the Directors remain confident in the Group's resilience and believe it is well-positioned to capitalise on future growth opportunities in the years ahead.”

Group structure

1. PANAZ HOLDINGS LIMITED · parent
   1. Panaz Limited 100% · United Kingdom · Textile manufacturer
   2. Panaz USA Inc 100% · USA · Textile manufacturer
   3. Chase Erwin Limited 100% · United Kingdom · Textile manufacturer
   4. Essential Soft Furnishings Limited 80% · United Kingdom · Textile manufacturer

Significant events

• “Our continued strategy in the development of product, innovation in process and in upskilling our internal stakeholders has successfully led to profitable growth.”
• “The trading year 2024/25 presented a number of external challenges. As an international group, we are not immune to the pressures of the global economy. Geopolitical uncertainties, particularly in China, Israel, and Ukraine. have disrupted some of our key markets in Northern Europe and the Middle East, resulting in pressure on revenues in these regions. Closer to home, the UK has been impacted by persistent inflation, rising taxation, and generally fragile business confidence.”
• “Panaz Ltd has delivered a year of strong strategic progress, underpinned by several notable developments. In particular, we have increased our penetration in the cruise sector, where Panaz fabrics are now featured on many new and refurbished vessels, enriching luxury interiors through our specialist collaborations and internationally recognised MED and IMO accredited products.”
• “A significant milestone in the year was the establishment of a strategic collaboration with Sanderson Design Group PLC, under which Panaz became the official distributor of Sanderson designs into the global contract (non-residential) sector.”
• “Our healthcare business also achieved success, with Panaz securing a new contract with the NHS to supply cubicle curtains.”
• “During the year, we invested in a new wide-width digital machine, which will enhance capacity, reduce delivery times, and broaden the creative possibilities we can offer to customers.”
• “Chase Erwin faced a more demanding year, with revenues broadly static. In relative terms, however, this stability was encouraging, particularly against a backdrop of weaker competitor performance. Profitability was impacted by investment in marketing activity and new collection launches.”
• “ESF delivered a satisfying performance, with sales increasing on the back of a strong customer service proposition. To sustain this growth, new staff were recruited and trained across key business functions, including manufacturing and project management.”
• “Our warehousing automation project, due to be completed in the coming year, will further strengthen our infrastructure, improve service reliability, and provide a scalable platform for growth.”
• “We were delighted to achieve ISO 14001 accreditation in the period under review, providing external validation of our environmental management systems. We are also on track to secure Oeko-Tex accreditation in 2025, further strengthening our sustainability credentials and aligning us with the expectations of both customers and regulators.”
• “Looking forward, the Board remains optimistic about the Group's prospects. We are in the final stages of discussions regarding a strategic acquisition, which we expect to complete during 2025.”
• “With significant levels of cash generation, Panaz Group is interested in acquisition opportunities that it believes will add value, enhance the Panaz brand awareness, and deliver a greater customer journey.”

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

Filings

2

last 12 months

Capital events

8

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.