HARSCO RAIL LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors recognise that in the event the divestment of the Rail division occurs within the going concern assessment period, the existing parental support is not expected to continue and there is no certainty that a buyer will be prepared to provide a similar undertaking, therefore a material uncertainty on going concern arises for the period beyond the date of a sale.

1. HARSCO RAIL LIMITED 2009-07-01 → present
2. HARSCO TRACK TECHNOLOGIES LIMITED 2000-07-07 → 2009-07-01
3. PERMANENT WAY EQUIPMENT COMPANY LIMITED (THE) 1970-04-14 → 2000-07-07

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 §1A

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors recognise that in the event the divestment of the Rail division occurs within the going concern assessment period, the existing parental support is not expected to continue and there is no certainty that a buyer will be prepared to provide a similar undertaking, therefore a material uncertainty on going concern arises for the period beyond the date of a sale.”

Significant events

• “In respect of the recent Stoneblower award, staffing levels will significantly increase due to the additional resource required both in terms of those directly delivering the awarded work and those indirectly providing support through management or overhead support.”

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

  +59.5%

  £32,935,851 → £52,537,418

• Cash

  +4.8%

  £5,422,524 → £5,682,156

• Net assets

  +22.4%

  £11,748,402 → £14,383,357

• Employees

  +33.5%

  218 → 291

• Operating profit

  +14.9%

  £3,400,705 → £3,908,937

• Profit before tax

  +21.4%

  £3,487,519 → £4,234,696

• Wages

  +35.6%

  £13,547,951 → £18,372,993

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