L3HARRIS RELEASE & INTEGRATED SOLUTIONS LTD

1. L3HARRIS RELEASE & INTEGRATED SOLUTIONS LTD 2022-01-21 → present
2. EDO MBM TECHNOLOGY LIMITED 2003-07-01 → 2022-01-21
3. M B M TECHNOLOGY LIMITED 1983-06-17 → 2003-07-01
4. M.B. METALS LIMITED 1946-01-03 → 1983-06-17

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

“In determining if the company is a going concern, the Directors have reviewed the forecast for the period to 30 September 2026 and stress-tested various scenarios over this period for the impact of different levels of revenue disruption. The forecasts indicate that the company will continue as a going concern with the current facilities available to it, even in the case of a significant reduction in activity. Further the L3 Harris group has considerable financial resources together with long-term contracts with several customers and suppliers and therefore in the event of the loss or suspension of one of its main contracts the company would look to seek support from the group. The Company has obtained a support letter from L3Harris Technologies Inc, the ultimate parent company, which provides assurances that support will be provided as required, to allow the Company to meet its liabilities as they fall due until at least 30 September 2026. Management have assessed the ability of the parent to provide support and thus the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “Following the end of the financial period ending on 3 January 2025, the Company received an additional £600k loan from a fellow subsidiary. This original loan had a fixed one-year term and accrued interest at the 12m SONIA (Sterling Overnight Indexed Average) rate plus 2.66440 per cent per annum but was subsequently extended for a further year at a rate of 5 per cent per annum and is now due for repayment by 30 June 2026”

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

0

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

  -21.9%

  £26,573,000 → £20,763,000

• Cash

  -54.5%

  £6,385,000 → £2,908,000

• Net assets

  +724.5%

  -£339,000 → £2,117,000

• Employees

  -18.5%

  146 → 119

• Operating profit

  +129.4%

  -£9,629,000 → £2,834,000

• Profit before tax

  +128.6%

  -£9,623,000 → £2,756,000

• Wages

  -10.6%

  £7,659,000 → £6,847,000

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