Lea Redway Limited

Principal activities and review of the business The group's principal activity during the year continued to be that of the manufacture and sale of solenoid switches and switch gear. During the year the group's turnover decreased by 7% to £55.2m The group's margins have decreased slightly from 24.6% to 20.9%. The directors are still aware that the group remains susceptible to higher commodity prices in both silver and copper and these have led to price variations in the costs of raw materials, along with changes in foreign exchange levels The group's balance sheet remains very strong with net assets of £57.4m (2024: £57.3m). Cash and bank balances have increased from £16.8m to £18.2m.