TIMET UK LIMITED

1. TIMET UK LIMITED 1996-03-08 → present
2. IMI TITANIUM LIMITED 1987-01-16 → 1996-03-08
3. ANSON CAST PRODUCTS LIMITED 1954-03-18 → 1987-01-16

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has considered the principal risks and uncertainties of the business and has set out its policy (as detailed in the Strategic report on page 1) for limiting those risks. The Company pools all cash generated into a central cash pooling arrangement managed by its intermediate parent company, Precision Castparts Corp. ('PCC'). In addition, the directors have been supplied with a letter of support from PCC which will ensure any necessary financial support is provided within twelve months from the date of approval of these financial statements. The directors have satisfied themselves that PCC has the necessary financial resources to provide this support during this period, should it be required. Therefore, the directors have a reasonable expectation that the Company has adequate resources internally, and through its association with PCC, to continue in operational existence for the foreseeable future and as such, the going concern basis has been adopted in preparing the annual report and financial statements.”

Group structure

1. TIMET UK LIMITED · parent
   1. TIMET Europe Limited 100% · England · Holding company
   2. TIMET Savoie SA 70% · France · Manufacture of titanium products and alloys

Significant events

• “An interim dividend in the amount of £50 million was approved in May 2025 and paid.”
• “In January the Company sought to exercise its Call Option right to acquire the minority shareholding (30%) of its subsidiary TIMET Savoie SA from Framatome. The Call Option procedure has been suspended pending resolution of a dispute raised by Framatome with regard to the determinability and validity of the Call Option.”

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

1

last 12 months

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

• Turnover

  +26.1%

  £248,108,000 → £312,962,000

• Cash

  —

  Not reported

• Net assets

  +1.1%

  £272,372,000 → £275,262,000

• Employees

  +8.7%

  538 → 585

• Operating profit

  +306.1%

  £9,477,000 → £38,484,000

• Profit before tax

  +200.7%

  £14,420,000 → £43,356,000

• Wages

  +11.2%

  £32,480,000 → £36,109,000

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