9h 27min, feb 21, 2025 y - Trox UK Key WP Review

Description:

Manufacture air conditioning ducts
Supply & installations
PM local £190k group £200k
Controls-based; can't raise manual invoices; screenshot

Financial Review
Sales static at £25m; construction sector poor delay in projects
Operating profit +£1m due to raw materials saving; less air handling units which is material intensive
Drop in headcount 83
PPE +£200k
-land registry o/s
Inventory -£500k to £1.7m largely raw materials
Intercompany balances agreed
Accruals & deferred income £2.1m versus £1.4m
-bonus £470k PY utilisation, PI claim £620k customer claims/penalties; legal confirmations not received back yet
Intercompany confirmed
PI accruals £600k; PY utilisation not checked £400k to follow up???
Debtors confirmations good response
After date credit notes, and invoices checked; no issues

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