Safenames Ltd

The Directors present their Strategic Report for the year ended 30 October 2025 to provide a review of the Company's business, principal risks and uncertainties and performance alongside key performance indicators. The Directors consider the state of the Company to be satisfactory, with increased profits this year. The Directors believe the key performance indicators of the business to be gross profit and operating profit (before exceptional items) as a percentage of turnover. These key performance indicators have been met in this financial year. Revenue has increased from £19.95 million to £20.83 million, an increase of 4% Gross Profit has increased from £3.2 million to £4.7 million an increase of 46% Operating Margin before tax has increased from £0.8 million to £2.0 million giving a percentage increase of 135% The profit for the year, after taxation, amounted to £1,483,664. Particulars of dividends paid are detailed in note 11 to the financial statements. The Company's principal financial instruments comprise bank balances, trade creditors, trade debtors and finance lease agreements. The main purpose of these instruments is to raise funds and to finance the company's operations. Due to the nature of the financial instruments used by the company, there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is shown below. a)The Company is a lessee in respect of finance leased assets. The liquidity risk in respect of these is managed by ensuring that there are sufficient funds to meet payments when they arise. b)Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit terms offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. c)Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. It is the policy of the Company to settle terms of payment with suppliers on a timely basis in the ordinary course of business, and to agree appropriate terms and conditions in advance with its suppliers. The Company endeavours to make payment in accordance with those terms and conditions provided that the supplier has complied with them. Suppliers and their payment terms are looked at on an individual basis and regularly reviewed. The Company believes that 60 days is the average payment time for suppliers. A copy of the Company's standard payment practice can be obtained from the company's premises.