VOLKERINFRA LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have prepared the financial statements on a basis other than going concern basis.

1. VOLKERINFRA LIMITED 2009-02-27 → present
2. VISSER & SMIT HANAB (UK) LIMITED 2004-07-20 → 2009-02-27
3. DREDGING AND CONSTRUCTION COMPANY LIMITED(THE) 1933-01-19 → 2004-07-20

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have prepared the financial statements on a basis other than going concern basis.”

Significant events

• “Revenues for the year reduced to £2.6m (2023: £11.2m), a decrease of £8.6m (77%). This is due to a reduction in new projects due to the change in tendering strategy.”
• “After overheads there was an operating profit of £0.5m (2023: £0.3m) after a new trading strategy of tendering new contracts via VolkerStevin Infrastructure Limited has led to a reduction in the number of contracts and staff numbers.”
• “Cash has improved, with cash and cash equivalents reported at -£5.4m (2023: -£6.9m). Net liabilities have reduced slightly to £5.7m (2023: £5.8m).”
• “In 2023, Volkerinfra adapted its offering in the EHV cabling market such that it no longer undertakes full turnkey/EPC design and build contracts where it was responsible for the outturn (electrical) performance of a complete cable system. Its revised offering was for an integrated solution provid”
• “Following completion of VolkerInfra's current contractual commitments, it is intended to deliver future Extra High Voltage cabling schemes through VolkerStevin Infrastructure Limited.”
• “The Directors do not intend to acquire a replacement trade and the intention is for the business to be liquidated following the signing of the annual report and financial statements for the year ended 31 December 2024, and once all contractual and statutory obligations have been satisfied.”

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

1

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

  -76.9%

  £11,205,000 → £2,587,000

• Cash

  +21.9%

  -£6,883,000 → -£5,379,000

• Net assets

  +2.3%

  -£5,791,000 → -£5,655,000

• Employees

  -100%

  14 → 0

• Operating profit

  +57.9%

  £316,000 → £499,000

• Profit before tax

  +129.4%

  -£180,000 → £53,000

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