FLUIDPOWER GROUP SERVICES UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which indicates that there is a reasonably plausible scenario where covenants may be breached should the pipeline of enquiries not convert to sales and if market conditions were to deteriorate further. The company participates in group treasury arrangements with the parent company and fellow subsidiaries and could be required to provide funds for these facilities. As stated in note 2.3 these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

1. FLUIDPOWER GROUP SERVICES UK LIMITED 2019-05-08 → present
2. PMC FLUIDPOWER LIMITED 2017-06-23 → 2019-05-08
3. PRIMARY FLUID POWER LIMITED 2001-09-14 → 2017-06-23
4. BERENDSEN PMC LIMITED 1998-12-17 → 2001-09-14
5. BERENDSEN FLUID POWER LIMITED 1992-01-01 → 1998-12-17
6. SACOL HYDRAULICS LIMITED 1968-02-01 → 1992-01-01

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which indicates that there is a reasonably plausible scenario where covenants may be breached should the pipeline of enquiries not convert to sales and if market conditions were to deteriorate further. The company participates in group treasury arrangements with the parent company and fellow subsidiaries and could be required to provide funds for these facilities. As stated in note 2.3 these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. FLUIDPOWER GROUP SERVICES UK LIMITED · parent
   1. The Hydraulic Group BV 100% · Netherlands · Holding Company
   2. Hydroflex Hydraulics Belgium NV 100% · Belgium · Assembly and distribution of engineering components
   3. Hydroflex Hydraulics BV 100% · Netherlands · Assembly and distribution of engineering components
   4. Hydroflex Hydraulics Rotterdam BV 100% · Netherlands · Assembly and distribution of engineering components

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

  -3%

  £16,768,762 → £16,261,123

• Cash

  -91.6%

  £577,800 → £48,445

• Net assets

  -124%

  £5,041,031 → -£1,208,056

• Employees

  -3.7%

  107 → 103

• Operating profit

  -1,692.2%

  £392,469 → -£6,248,829

• Profit before tax

  -1,811.6%

  £367,065 → -£6,282,693

• Wages

  -6.2%

  £3,577,754 → £3,354,426

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