BRAFE ENGINEERING LIMITED

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

Ensors Accountants 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. 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 of at least twelve months from when the financial statements are authorised for issue. The company continues to operate within agreed funding limits with it's bankers and other finance providers. The directors are confident that the existing funding terms will be maintained, and they anticipate the company will continue to operate within those terms. By closely focusing on cost management, gross margin improvement, and new customer development, there are significant opportunities to improve the company's financial landscape over the next 12 months. Additionally, the company's strong asset base offers further options for additional lenders. The directors consider that the company is able to continue as a going concern for a period of at least 12 months from the date these financial statements have been issued. The financial statements have therefore been prepared on a going concern basis.”

Group structure

1. BRAFE ENGINEERING LIMITED · parent
   1. Brafe Trustee Limited 100% · England and Wales

Significant events

• “Reflecting continued global turbulence and economic uncertainty and as expected following lower order activity in FY23, the 12 months to 31 October 2024 saw a significant drop in revenue for which the business had to adapt accordingly in terms of cost base and purchase controls.”
• “Order intake showed a positive recovery with total order receipts for FY2024 at £10.2m. This compares to £7.5M for FY23.”
• “To directly offset the risk presented by the oil and gas markets, Brafe are actively sourcing business in different markets and have been successful in developing customers in both the alternative energy and sustainable technology fields. This diversification will continue.”
• “The hugely successful apprentice programme at Brafe is being extended to further offset the skills shortage that currently exists and will continue in the coming years.”

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

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

  -16%

  £10,461,363 → £8,791,202

• Cash

  +34.5%

  £44,199 → £59,443

• Net assets

  -6.7%

  £2,973,063 → £2,773,686

• Employees

  -4.9%

  102 → 97

• Operating profit

  +0.2%

  -£118,352 → -£118,107

• Profit before tax

  -8.1%

  -£298,551 → -£322,668

• Wages

  -10.1%

  £4,106,763 → £3,693,394

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers