EATON LIMITED

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 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have reviewed budgets and other financial information and have concluded there is a reasonable expectation that the Company has adequate financial resources to continue to operate for a period of 12 months from the date of approval of the financial statements. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. EATON LIMITED · parent
   1. Eaton Truck Components (Proprietary) Limited 100% · South Africa · Wholesale distributors and re-manufacturers of truck transmission
   2. Eaton Electric Limited 100% · UK · Manufacture, sale and service of electrical products

Significant events

• “In 2024, Eaton Limited entered into a sale and leaseback agreement for its property located at Southampton Road, Titchfield, UK. The property was sold to Royal London Mutual Insurance Society Ltd for £29.99 million, with Eaton Limited leasing it back for a period of five years at an annual rent of £1 million, and an option to break the lease after two years.”
• “On 16 June 2023 the High Court in England issued a ruling in respect of Virgin Media v NTL Pension Trustees II Limited calling into question the validity of rule amendments made to defined benefit pension schemes contracted-out between 6 April 1997 and 5 April 2016. The Eaton UK Pension Plan was contracted out during this period.”
• “Capital commitments amounted to £4,848,000 for the Company (2023 - £1,239,000).”

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

Filings

2

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

  +12.7%

  £265,369,000 → £298,975,000

• Cash

  —

  Not reported

• Net assets

  -0.9%

  £139,960,000 → £138,736,000

• Employees

  +0.2%

  1,296 → 1,299

• Operating profit

  -13.4%

  £20,494,000 → £17,744,000

• Profit before tax

  -58.3%

  £12,409,000 → £5,180,000

• Wages

  +8.6%

  £58,510,000 → £63,544,000

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