VELAN VALVES LIMITED

1. VELAN VALVES LIMITED 2000-02-03 → present
2. VELAN ENGINEERING COMPANY LIMITED 1954-08-20 → 2000-02-03

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

UHY Hacker Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company ceased trade from 31 August 2016. The Company subsequently focused on collection and payment of any outstanding trade receivables and trade payables balances respectively. The Company has adequate resources to continue in existence for the foreseeable future and therefore the directors believe that preparing the financial statements on the going concern basis is appropriate.”

Group structure

1. VELAN VALVES LIMITED · parent
   1. Velan SAS 100% · France · Valve manufacturer
   2. Velan GmbH 52.07% · Germany · Valve distributor
   3. Segault S.A. 100% · France · Valve manufacturer

Significant events

• “Velan Inc. announced on March 31st 2025 the closing of the sale, by Velan Valves Limited, of 100% of the share capital and voting rights of its French subsidiaries, Segault SAS and Velan S.A.S., to Framatome SAS, for a purchase price of US$184.1 million (€170 million), with the benefit of the transfer of an intercompany loan of US$24.4 million (€22.5 million), for total consideration to the Company of US$208.4 million (€192.5 million) (the "France Transaction"), which was previously announced by the Company on January 14, 2025.”
• “Velan plans to use a portion of the proceeds from the France Transaction to fund the permanent divestiture of its asbestos-related liabilities to an affiliate of Global Risk Capital at a cost to the Company of US$143 million (the "Asbestos Divestiture Transaction" and, together with the France Transaction, the "Transactions"). The closing of the Asbestos Divestiture Transaction was completed at the beginning of April 2025.”

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

Filings

2

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

  —

  Not reported

• Cash

  +3.5%

  £749,566 → £775,959

• Net assets

  -0.2%

  £12,430,900 → £12,409,933

• Employees

  0%

  1 → 1

• Operating profit

  -61%

  -£39,288 → -£63,256

• Profit before tax

  -100.4%

  £12,029,319 → -£51,717

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