KNORR-BREMSE SYSTEMS FOR COMMERCIAL VEHICLES LIMITED

1. KNORR-BREMSE SYSTEMS FOR COMMERCIAL VEHICLES LIMITED 1995-01-05 → present
2. BENDIX HVCG EUROPE LIMITED 1980-12-31 → 1995-01-05
3. BENDIX LIMITED 1954-02-15 → 1980-12-31

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared cash flow forecasts in order to assess going concern which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds, through funding from its ultimate parent company, Knorr- Bremse AG, to meet its liabilities as they fall due during the going concern assessment period. Those forecasts are dependent on Knorr- Bremse AG allowing continued access to its cash pool facility and providing additional financial support during the going concern assessment period. Knorr- Bremse AG has indicated its intention to continue to make available such funds as are needed by the company during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “Due to the ongoing aggression from Russia towards Ukraine along with other wars, western countries, including the UK have imposed sanctions on Russian companies and state institutions including individuals linked to supporting the war effort. The company has experienced no direct impact from the war and sanctions.”
• “During 2024 the widely reported volatility in oil prices continued and remains at an elevated level at the beginning of 2025. The company has previously negotiated fixed price contracts for electricity and gas to hedge against this volatility.”
• “The Company has contingent liabilities in respect of bank guarantees to HM Revenue & Customs of £200,000 (2023: £200,000) covering the needs of deferred import duty and VAT.”
• “In June 2023 there was a High Court ruling in the case of 'Virgin Media Limited' vs NTL Pension Trustees II Limited and Others' which related to the validity of benefit changes made to salary-related contracted-out pension schemes without obtaining the necessary actuarial confirmations at the time.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +9.9%

  £46,607,000 → £51,205,000

• Cash

  +211.5%

  £192,000 → £598,000

• Net assets

  +3.9%

  £26,700,000 → £27,730,000

• Employees

  0%

  47 → 47

• Operating profit

  +1.1%

  £3,422,000 → £3,460,000

• Profit before tax

  +3.6%

  £4,697,000 → £4,868,000

• Wages

  +1.3%

  £2,609,000 → £2,642,000

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