BROADWAY ENGINEERING LIMITED

1. BROADWAY ENGINEERING LIMITED 2024-04-20 → present
2. BROADWAY(BRISTOL)ENGINEERING CO,LIMITED 1945-11-22 → 2024-04-20

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 102

Reporting scope

Standalone (parent only)

Auditor

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared and reviewed detailed trading and cash flow projections for a period of more than 12 months from the date of approval of these financial statements. The directors consider that the group has sufficient cash resources to enable the company to continue to meet its debts as they fall due and are confident that the steps that they have taken to mitigate associated risk will ensure that the group is well positioned and will continue to trade for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis.”

Significant events

• “The business delivered a particularly strong performance during the year, with turnover increasing by 28% to £12.41m and operating profit rising by 66% to £0.86m, supported by increased production volumes.”
• “The aerospace sector continues to demonstrate strong recovery following the COVID-19 pandemic and is now on a sustainable long-term growth trajectory. Aircraft manufacturers and tier-one suppliers are attempting to increase production rates to meet elevated global demand, resulting in a record backlog of aircraft orders awaiting delivery.”
• “In parallel, the rise in geopolitical tensions and the proliferation of regional conflicts have heightened the focus on defence spending. Most European NATO members have now committed to significant increases in spend.”
• “Looking ahead, the ambition is to continue to grow and establish the business in additional product lines within the aerospace sector, continuing to enhance its already close relationships with existing customers whilst also securing new ones. This will be achieved through continued investment in people, processes and facilities. This will include the adoption of AI and investment in advanced machinery, including our successful unmanned automation cells.”
• “The three-year fixed-price energy contracts, which proved highly beneficial during the energy market volatility following the onset of the war in Ukraine, have now been renewed at higher rates. Nonetheless, these contracts continue to provide price stability and cost certainty for the duration of their new three-year terms.”

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

  +27.6%

  £9,722,702 → £12,405,783

• Cash

  +187%

  £296,355 → £850,396

• Net assets

  +7.9%

  £8,417,757 → £9,083,279

• Employees

  0%

  95 → 95

• Operating profit

  +66%

  £518,015 → £860,108

• Profit before tax

  +79%

  £404,171 → £723,571

• Wages

  +7.5%

  £3,182,873 → £3,422,958

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