Altitude Services Limited

The directors present their strategic report for the year ended 31 March 2025 Fair Review Of The Business The principal activity of the business continued to be the installation and maintenance of External Lighting During the year there was a 15% increase in sales and the gross margin improved from 31% to 32%. The net profit before tax of £1.3m was higher than the previous year of £1.1m The company maintained a healthy balance sheet with retained reserves of £3.4m , an increase of £0.8m on the previous year, This is due to the Company's strong performance outlined above. The Directors are satisfied with the Company's performance for the year and with its financial position at the Balance Sheet date Key Performance Indicators The directors believe that the KPI's outlined below provide an overview as to how the company is performing against principal key objectives to enable it to achieve the directors long term strategic vision. The KPI's encompass business performance as well as financial indicators taking consideration of the interests of all stakeholders : Turnover £16.3m ( 2024: £14.2m ) Gross margin £5.2 m ( 2024: £4.4m ) Operating profit £1.4m ( 2024: £1.2 ) Cash balances £0.7m ( 2024: £0.9m ) Shareholders funds £3.4 ( 2024: £2.6m ) Headcount 76 ( 2024: 73 ) Principal risks and uncertainties The company is forecast to generate a similar level of performance as it achieved in 2024/25.The directors are aware of the risks that the continued impacts of Covid and the wars in Ukraine and Palestine as well as the current worldwide economic and trading environment bring to the company. The directors meet on a regular basis with other members of senior management where the risks and uncertainties facing the business are discussed and appropriate actions taken to mitigate any impact on the company's performance Liquidity and cashflow risk The directors aim to mitigate liquidity risk and cashflow risk by managing working capital and closely monitoring working capital requirements Legislative and Regulatory Risk The company operates in an industry which is subject to health and safety, environmental and other regulations. Failure to comply with relevant laws and regulations could lead to a loss of reputation, revenues or ability to operate. To mitigate this risk the directors continue to invest in the training of staff , monitor for changes in laws and regulations and identify and action improvements in processes and controls