GKN DRIVELINE SERVICE LIMITED

1. GKN DRIVELINE SERVICE LIMITED 2004-05-13 → present
2. GKN DRIVELINE LIMITED 1995-01-30 → 2004-05-13
3. HARDY SPICER DRIVE LINE LIMITED 1987-02-06 → 1995-01-30
4. HARDY SPICER WALTERSCHEID LIMITED 1960-02-16 → 1987-02-06

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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Company's forecasts show that the Company expects to be able to continue to operate for the next 12 months from the date of the approval of these financial statements. Due to the nature of its operations, the Company's status as a going concern is reliant on continued support from fellow subsidiaries within the Dowlais Group plc ("Dowlais") in the context of recovery of intercompany receivables, and upon the wider Group for day to day operational funding, which is provided through a fellow subsidiary via a current account.”

Group structure

1. GKN DRIVELINE SERVICE LIMITED · parent
   1. Ball Components Ltd 99.9%

Significant events

• “On 29 January 2025, the Boards of Dowlais and American Axle & Manufacturing Holdings, Inc. (AAM) reached an agreement and recommended the share and cash combination of the Company with AAM. The transaction is expected to close during the fourth quarter of 2025, subject to customary closing conditions, including regulatory clearances.”

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

  -10.9%

  £10,290,000 → £9,173,000

• Cash

  —

  Not reported

• Net assets

  +12.1%

  £19,178,000 → £21,494,000

• Employees

  0%

  31 → 31

• Operating profit

  -31.3%

  £2,111,000 → £1,451,000

• Profit before tax

  -17.4%

  £2,771,000 → £2,289,000

• Wages

  -2.4%

  £1,247,000 → £1,217,000

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