Albright International Limited

The directors present the strategic report for the year ended 30 September 2025 and confirm to the company's members that they have complied with their duty under section 172 of the Companies Act 2006. Principal activity The company's principal activity during the year continued to be that of the manufacture and sale of solenoid switches and switch gear. Interest rate risk The nature of the company's activities and the basis of funding are such that the directors envisage the company has sufficient liquid resources. The company is not financially dependent on the income earned on these resources and therefore the risk of interest rate fluctuations is not significant to the business. Nonetheless the directors continue to take steps to secure rates of interest which will generate the best return for the company. Fair review of the business The company saw a 13.1% reduction in sales during the period. The main contributing factors were customer projects being delayed and more generally, timing of orders from customers within certain markets. These markets are notoriously unpredictable and FY25 was no different. With revenues falling, Costs of Sales also fell. However, due to higher input costs, specifically precious metals, margins were negatively impacted with Gross Profit falling to 13.4% from 15.2% prior year. A with previous years SG&A costs are relatively stable, with the exception of Foreign Currency gains/losses. FY 2025 saw these costs fall £167k (3.1%) year on year. There was an Operating loss in the period of (523K) against a profit of £605k prior year. Future developments The business continues to look at ways of developing its product portfolio to meet customer needs now and in the future. Foreign exchange currency risk: The directors consider the risk on the capital value of short and medium term investments to be low. The directors continue to manage the above risks by only entering into short-term investments and continually reviewing these short-term investments to ensure that the maximum rates of return are achieved. The company also holds cash in foreign currencies such as Euros, Dollars, Yen, Rupees and Chinese Yuan. The company does not enter into forward contracts in respect of Euros and Dollars, instead the company buys and sells these currencies as and when required on the spot market.