ALTRAD BABCOCK LIMITED

1. ALTRAD BABCOCK LIMITED 2022-09-27 → present
2. DOOSAN BABCOCK LIMITED 2013-05-01 → 2022-09-27
3. DOOSAN POWER SYSTEMS UK LIMITED 2013-02-14 → 2013-05-01
4. DOOSAN POWER SYSTEMS LIMITED 2010-02-05 → 2013-02-14
5. DOOSAN BABCOCK ENERGY LIMITED 2006-12-15 → 2010-02-05
6. MITSUI BABCOCK ENERGY LIMITED 1995-09-29 → 2006-12-15
7. BABCOCK ENERGY LIMITED 1987-01-01 → 1995-09-29
8. BABCOCK POWER LIMITED 1979-12-31 → 1987-01-01
9. BABCOCK & WILCOX (OPERATIONS) LIMITED 1965-03-01 → 1979-12-31

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period to 30 June 2027.”

Group structure

1. ALTRAD BABCOCK LIMITED · parent
   1. Doosan Babcock General Maint Services LLC 49% · UAE · Industrial Services
   2. Altrad Babcock Energy Services (overseas) Limited 100% · England · Industrial Services
   3. Altrad Babcock Germany GmbH 100% · Germany · Industrial Services
   4. Altrad Babcock for Oil and Gas Services W.L.L 49% · Qatar · Industrial Services
   5. Altrad Babcock America LLC 100% · USA · Industrial Services
   6. Altrad Babcock Power Systems Overseas Investments Limited 100% · England · Holding Company

Significant events

• “The Company implemented a cost-of-living plan to assist employees in 2024.”
• “The UK Autumn Budget 2025 confirmed the continuation of income tax and National Insurance threshold freezes and announced increases to the National Living Wage and minimum wage from April 2026.”
• “During the year, the Company completed a reduction of share capital. The Company's share capital was reduced by cancelling and extinguishing 69,957,079 ordinary shares of £1 each of the Company.”

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

Filings

7

last 12 months

Capital events

2

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

  +3.5%

  £461,201,000 → £477,460,000

• Cash

  -16.7%

  £40,691,000 → £33,878,000

• Net assets

  +56.1%

  £33,423,000 → £52,176,000

• Employees

  —

  Not reported

• Operating profit

  +36.7%

  £14,757,000 → £20,174,000

• Profit before tax

  +47.6%

  £13,521,000 → £19,957,000

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