PRYSMIAN CABLES & SYSTEMS LIMITED

1. PRYSMIAN CABLES & SYSTEMS LIMITED 1983-02-01 → present
2. PIRELLI ENFIELD SUPERTENSION CABLES LIMITED 1969-07-18 → 1983-02-01

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 102

Reporting scope

Standalone (parent only)

Auditor

Belluzzo Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has performed a going concern assessment based on a rolling forecast, cashflow projections and sensitivity analysis until 30 June 2026. The Company has assessed the effect that a 5% and 10% decrease in turnover would have on revenue, contribution margin and recurring EBITDA. The 10% revenue decrease scenario is considered as an extreme impact, resulting in a reduced EBITDA along with the subsequent negative cashflow implications. The Company's forecast and downside scenarios continue to indicate that the Company would have significant positive cash balances. On this basis the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company continues to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. PRYSMIAN CABLES & SYSTEMS LIMITED · parent
   1. Cable Makers Properties & Services Limited 63.8% · England · Provision of services to the cable industry
   2. Prysmian Cables (2000) Limited 100% · England · Dormant
   3. Prysmian Construction Company Limited 100% · England · Dormant
   4. Rodco Limited 40% · England · Dormant

Significant events

• “Due to a change in the Global demand for Telecom products, which hits the business with a similar intensity in all its main markets of Europe, the Company has taken the decision to rationalize the Telecom Business Unit factory footprint. This decision will result in the closure of the Optical Cables facility within the site at Bishopstoke with production ceasing in October 2025.”
• “During the first few months of 2017, operators belonging to the Vattenfall Group filed claims in the High Court of London against a number of cable manufacturers, including companies in the Prysmian Group, to obtain compensation for damages purportedly suffered as a result of the alleged anti-competitive practices sanctioned by the European Commission. In June 2020, the Prysmian companies concerned presented their defence as well as serving a summons on another party to whom the EU decision was addressed. In July 2022, an agreement was reached for an out-of-court settlement of Vattenfall's claims against the Group companies. However, the legal proceedings brought by the Group companies against the other party to whom the EU decision was addressed are continuing.”
• “With reference to the antitrust damages proceedings brought by the British operators National Grid and Scottish Power and settled out of court in 2020, in 2021 the Prysmian Group companies involved in these proceedings resumed the contribution proceeding against other addressees of the EC decision, previously stayed pending the outcome of the main proceeding brought by National Grid and Scottish Power, in order to obtain partial or full compensation for the settlement amounts paid to National Grid and Scottish Power. On 17 December 2021, the Group and Goldman Sachs reached an agreement by way of which they settled the above proceeding and other potential antitrust claims. The contribution proceedings against other addressees of the EC decision are ongoing.”
• “The restructuring provision represents employee termination costs which are committed to at the year end. The provision at 31 December 2024 is expected to be fully utilised during 2025.”
• “Rodco Limited was dissolved on 8 April 2025.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -9.3%

  £488,029,000 → £442,662,000

• Cash

  -51.7%

  £1,744,000 → £843,000

• Net assets

  +7.5%

  £222,369,000 → £239,078,000

• Employees

  -4.9%

  1,056 → 1,004

• Operating profit

  -62.4%

  £36,759,000 → £13,839,000

• Profit before tax

  -52.9%

  £37,961,000 → £17,885,000

• Wages

  +6.7%

  £40,684,000 → £43,426,000

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