IGE DOLLAR TREASURY SERVICES

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. IGE DOLLAR TREASURY SERVICES 2013-05-09 → present
2. ABS HOLDING 1989-09-20 → 2013-05-09
3. BORG-WARNER LIMITED 1919-07-07 → 1989-09-20

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

“The company has net assets of $12,494,000 (2023: $150,266,000) and a profit for the year ended of $2,228,000 (2023: $8,039,000). Based on this position the financial statements have been prepared on a going concern basis which the directors consider to be appropriate. The directors are confident that the company will have sufficient funds to continue in operational existence for at least 12 months from the date of approval of these financial statements and they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “On 1 March 2024, the company paid a cash dividend of $140,000,000 to its parent company General Electric Company (2023: $nil).”
• “On 9 November 2021, General Electric Company (GE) announced that it would form three global listed companies that are intended to be run independently and focus on the aerospace, healthcare, and energy segments. On 3 January 2023, GE completed the separation of its healthcare business into an independent publicly traded company, GE HealthCare Technologies Inc. (GE HealthCare), and on 2 April 2024, GE completed the separation of its GE Vernova business into an independent publicly traded company, GE Vernova, Inc. (GE Vernova). As a consequence of the operations, IGE Dollar Treasury Services is part of GE Aerospace.”

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

Filings

3

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -91.7%

  £150,266,000 → £12,494,000

• Employees

  —

  Not reported

• Operating profit

  +42.9%

  -£7,000 → -£4,000

• Profit before tax

  -71.5%

  £8,039,000 → £2,291,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers