HITEK POWER LIMITED

1. HITEK POWER LIMITED 2000-04-27 → present
2. WALLIS HIVOLT LIMITED 1988-09-22 → 2000-04-27
3. BONAR WALLIS HIVOLT LIMITED 1988-02-12 → 1988-09-22
4. BONAR WALLIS ELECTRONICS LIMITED 1986-05-12 → 1988-02-12
5. WALLIS ELECTRONICS LIMITED 1967-06-13 → 1986-05-12

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

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial position of the Company is discussed in the Strategic Report. The Company has access to a broad range of business expertise within the group and as a consequence, the Board believes that the Company is well placed to manage its business risks successfully. ... Accordingly, the Board continues to adopt the going concern basis in preparing these financial statements. 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 of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. HITEK POWER LIMITED · parent
   1. HiTek Power GmbH 100% · Germany · Dormant

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

0

last 12 months

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

• Turnover

  -4.3%

  £41,958,280 → £40,134,434

• Cash

  +40.9%

  £2,465,271 → £3,472,989

• Net assets

  +24%

  £4,084,565 → £5,062,891

• Employees

  +2.9%

  136 → 140

• Operating profit

  -82.2%

  £3,385,879 → £601,942

• Profit before tax

  -95.9%

  £2,876,560 → £119,066

• Wages

  +12.1%

  £8,099,550 → £9,079,599

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