CLYDE UNION DB LIMITED

• ⚠

  Material uncertainty over going concern

  In June 2020, the Company announced its proposal to close its manufacturing site in Penistone and production subsequently ceased on 31 December 2020, with residual orders being completed by alternative Celeros facilities. All residual orders were completed in 2022 and there has been no trading in the current or prior financial years. The Company is not expected to trade in the future. Based on the above, the Directors have prepared the financial statements on a basis other than that of a going concern.

1. CLYDE UNION DB LIMITED 2008-11-17 → present
2. DAVID BROWN ENGINEERING LIMITED 1990-05-01 → 2008-11-17
3. DAVID BROWN CORPORATION LIMITED 1988-06-29 → 1990-05-01
4. DAVID BROWN GEAR INDUSTRIES LIMITED BAXTER CAULFIELD HUDERSFIELD 1937-09-25 → 1988-06-29

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

Material uncertainty disclosed

“In June 2020, the Company announced its proposal to close its manufacturing site in Penistone and production subsequently ceased on 31 December 2020, with residual orders being completed by alternative Celeros facilities. All residual orders were completed in 2022 and there has been no trading in the current or prior financial years. The Company is not expected to trade in the future. Based on the above, the Directors have prepared the financial statements on a basis other than that of a going concern.”

Group structure

1. CLYDE UNION DB LIMITED · parent
   1. Flow Saudi Limited 100% · Saudi Arabia · Maintenance
   2. PT Barata David Brown Gear Industries 51% · Indonesia · Manufacturing

Significant events

• “As a result of the decision taken by Celeros Flow Technology LLC (the "group") in 2020 to cease manufacturing activity in Clyde Union DB Limited, the Company continues to wind down and is expected to be liquidated or made dormant in a future accounting period.”

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

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +86.5%

  £141,000 → £263,000

• Net assets

  +8.3%

  £3,607,000 → £3,907,000

• Employees

  —

  Not reported

• Operating profit

  +97.5%

  -£80,000 → -£2,000

• Profit before tax

  +52.3%

  £197,000 → £300,000

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