feb 12, 2026 - Seacon Key WP Review

Description:

Y/E Sep
no interim just YE
PM £255k
No GR
Rodl is GA - GITC, Fixed Assets, Bank confirmation, no GL extraction
owned by TEC plc (Deloittes)

Manufacturing from RM

WIP £504k
-no WIP take
-BOM's exist
-overheads testing weak

Inventory provision £273k
-no PY utilisation
-0% 100% appropriateness testing missing
-o/h absorption rates not tieing up with WIP

Receivables
-better profile
-Confirmations received 50%; alternative

Accruals
-EE bonus PY utilisation done

Intercompany agreed

Trend analysis done
Opex testing; no issues

No tax calcs yet - R&P to give pre-tax clearance

Added to timeline:

Date: