Garsin Holdings Ltd

Review of the business and future developments There have been no significant changes in the activities of the group during the year ended 30 June 2025. The group does not expect there to be any significant changes in the coming year. Competition in the market place remains strong and effective cost control remains an area of focus for the group. The directors consider the results for the year to be satisfactory given the current economic conditions. The group plans to continue its present activities and maintain its current trading levels. The directors will continue to seek every opportunity to increase both turnover and profitability where possible in the coming year. Principal risks and uncertainties The group's operations expose it to a variety of financial risks including foreign exchange risk and customer credit risk. The group is exposed to currency exchange risk as a proportion of its receivables and payables are denominated in euro. The group mitigates this risk where possible. The group offers credit terms to its customers. This risk is mitigated by the strong on-going customer relationships and by credit insurance. The group is also aware that it faces uncertainty following the decision of of the UK to leave the European Union. Environment The group recognises its corporate responsibility to carry out its operations whilst minimising environmental impacts. The directors' continued aim is to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible. Health and Safety The group is committed to achieving the highest practicable standards in health and safety management and strives to make all premises safe environments for employees and customers alike.