SRF HOLDINGS LIMITED

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

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. SRF HOLDINGS LIMITED · parent
   1. CrossCo (1377) Limited 100% · England and Wales · Property investment
   2. Sylatech Limited 89.9% · England and Wales · Manufacture of precision components
   3. MeltX Limited 89.9% · England and Wales · Research and experimental development on natural sciences engineering
   4. Flux 245 Limited 89.9% · England and Wales · Manufacture of chemicals and research and development activities
   5. MM Microwave Limited 89.9% · England and Wales · Dormant

Significant events

• “During the year, the group experienced strong growth to start the year, which steadied in the last quarter.”
• “The growth strategy spearheaded in the Aerospace, Defence and Space (ADS) sectors continues to work well, resulting in good business activity in all these core sectors.”
• “A full 5-year business strategy review was undertaken and the new business 'strategy on a page' was completed.”
• “The business has completed its fourth year in the Sharing in Growth (SIG) aerospace business transformation programme, and remains entirely engaged with this continuous improvement journey.”
• “We continue to see good improvements in the productivity per employee, which s working well with our continued drive to robotise appropriate operations, and three robots now operate 7 days per week.”
• “The company continues to re-invest into the site infrastructure and capital equipment, introducing new plant and increasing automation.”
• “Through our R&D activity, the plastics recycling project concluded its proof-of-concept stage and has moved to a fund-raising stage looking for seed investment.”
• “We continued into the 2nd year of our 3yr £3.6m R&D programme through the ATI for a novel way to clean aluminium prior to casting on a continuous basis.”
• “The company has commenced the new financial year with a good forward order book, and will continue to invest in capital equipment, our people, core business and R&D activities.”
• “We have secured one 5yr contract and have several significant new contracts at final stages of negotiation for existing platforms that are expected to grow rapidly.”

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

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.