SKF (U.K.) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, and at least the next 12 months from the approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. SKF (U.K.) LIMITED · parent
   1. SKF India Limited 0.0633% · India
   2. Cooper Roller Bearings Company Limited 1% · UK

Significant events

• “With effect from 17 March 2025 there has been a change in registered office for the Company, following the relocation of Sales and Administration activities to 400 Capability Green, Luton, Bedfordshire, LU1 3LU.”
• “On 31 March 2025 the Company finalised the sale of land and buildings located at Sundon Park, Luton. This asset, classified under Tangible Assets, was sold to a third party and is expected to result in a gain on disposal of £2.3m, which will be recognised in the financial statements for the year ending 31 December 2025. The sale aligns with the Company's plan to divest following the closure of the manufacturing site at this location.”
• “On the 7 April 2025 the SKF (U.K.) Limited Senior Executives Retirement & Death Benefits Plan entered into a buy-in agreement with Just for a premium of £13.97m, this has been determined a non-adjusting event and the impact of this to the Company has not yet been quantified.”
• “Subsequent to the year end, the Directors approved an interim dividend in kind, consisting of the entirety of the Company's 6.33% shareholding in SKF India Limited, with carrying amount of £130,384,000 as at 31 December 2024 (2024: £0.48p per ordinary share). This dividend has not been included as a liability in these financial statements and is a non-adjusting post balance sheet event.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -10.1%

  £231,019,000 → £207,693,000

• Cash

  +261.6%

  £601,000 → £2,173,000

• Net assets

  +6.7%

  £273,315,000 → £291,750,000

• Employees

  -13.5%

  712 → 616

• Operating profit

  -12.9%

  £11,707,000 → £10,192,000

• Profit before tax

  +15.8%

  £19,508,000 → £22,587,000

• Wages

  -14.6%

  £32,310,000 → £27,596,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers