Don & Low Limited

Manufacture of other technical and industrial textiles · Forfar

ActiveUnited KingdomIncorporated 1904Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Group accounts

Net assets

£57,549,000

Cash

£9,332,000

Turnover

£61,057,000

Profit / loss

−£1,345,000

Current assets

£42,741,000

Creditors < 1 year

£15,591,000

Equity

£57,549,000

Average employees

338

Balance-sheet trend

GBP · consolidated

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-31Group · AI-read	2024-12-31Group · AI-read
Balance sheet
Net assets	£57,549,000	£58,952,000
Equity	£57,549,000	£58,952,000
Share capital	£5,737,000	£5,737,000
Retained earnings	£51,128,000	£52,531,000
Assets
Fixed assets	£32,053,000	£36,359,000
Intangible assets	£170,000	£91,000
Property, plant & equipment	£26,714,000	£31,067,000
Current assets	£42,741,000	£40,293,000
Cash at bank	£9,332,000	£14,663,000
Debtors	£14,246,000	£9,123,000
Stock	£18,399,000	£15,099,000
Liabilities
Creditors	£17,245,000	£17,700,000
Creditors within one year	£15,591,000	£12,193,000
Creditors after one year	£1,654,000	£5,507,000
Bank loans & overdrafts	£1,666,000	£3,091,000
Pension scheme surplus / deficit	£5,000,000	£4,900,000
Capital commitments	£295,000,000	£919,000,000
Profit & loss
Turnover	£61,057,000	£55,834,000
Cost of sales	£55,255,000	£52,691,000
Gross profit	£5,802,000	£3,143,000
Distribution costs	£6,410,000	£6,026,000
Administrative expenses	£3,112,000	£3,303,000
Other operating income	£1,147,000	£361,000
Operating profit	−£3,851,000	−£8,518,000
Interest receivable	£291,000	£662,000
Interest payable	£285,000	£347,000
Profit before tax	−£3,845,000	−£8,203,000
Tax	−£2,500,000	−£1,349,000
Profit / loss	−£1,345,000	−£6,854,000
Dividends	—	£1,000,000
Operating costs
Audit fees	£70,000	£136,000
Cash flow
Net debt	−£7,513,000	−£11,552,000
People & pay
Average employees	338	344
Directors' remuneration	£223,000	£268,000
Highest paid director	£196,000,000	£189,000,000
Source evidence	View filing	View filing

From the accounts

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Auditor: Henderson Loggie LLP
Audit opinion: Clean (unmodified)
Immediate parent: Thrace Plastics Co SA
Ultimate parent: Thrace Plastics Co SA
Ultimate controlling party: Thrace Plastics Co SA
Accounts: Full accounts
Approved: 2026-08-06, signed by CJ Johnson

Subsidiaries (2)

Don & Low (Holdings) Limited · 100% · Newfordpark House, Glamis Road, Forfar, DD8 1FR · Dormant
Don & Low Nonwovens Limited · 100% · Newfordpark House, Glamis Road, Forfar, DD8 1FR · Dormant

Related parties (4)

Thrace Plastics Co SA and fellow subsidiaries · Ultimate parent and fellow subsidiaries · Amounts due on transactions are unsecured
Thrace Plastics Co SA · Ultimate parent company · Dividend paid · £1,000,000
Don & Low Pension Fund · Post employment benefit plan · Employers contributions
Other related parties · Expenditure incurred · £110,794 (2024: £53,179)

Borrowings (3)

Lease liability · 153 (000s) · £101,000 in 1 year or less; £52,000 in 1–2 years
Collateralised debt · 1,636 (000s) · 2.15% · £1,223,000 in 1 year or less; £413,000 in 1–2 years · secured on A collateralised loan on an owned asset
Government borrowings · 30 (000s) · Does not attract interest; imputed interest at 2.5% has been recognised · Variable annual repayments based on production volume

Share classes (1)

22,946,765 Ordinary shares of 25p each

Events after the year end (1)

After the closure of the 2025 financial year, there was a war in the Middle East, centred on Iran; it was considered an event but does not trigger adjustments to the financial statements since the date was 28 February 2026, and currently there is considered to be no significant impact on the Group’s financial performance or position.