COHERENT (UK) LIMITED

1. COHERENT (UK) LIMITED 1977-12-31 → present
2. COHERENT RADIATION LIMITED 1970-12-15 → 1977-12-31

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

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has considerable financial resources when considering the continuing financial support from the parent company, Coherent Corp. The directors have received a written letter of continued trade under the existing agency agreement for the foreseeable future from the ultimate parent company, Coherent Corp. After considering the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, a period of not less than one year from the date of issue. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. COHERENT (UK) LIMITED · parent
   1. Coherent Scotland Limited 100% · Scotland

Significant events

• “During the period between November 2019 and August 2022, one of the company's intermediary parent companies made a series of cash transfers totalling £12,759,000 to Coherent Scotland Limited, the company's immediate subsidiary. These transactions should have been recognised as capital contributions down the Coherent group chain. However, these were incorrectly recorded in that period as intercompany indebtedness between the intermediary parent company and the company's subsidiary. The error has been accounted for as a prior period adjustment in these financial statements, with changes made to reflect the impact on the comparatives.”

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

  +1%

  £1,063,717 → £1,074,484

• Cash

  -55.2%

  £133,017 → £59,619

• Net assets

  +5.8%

  £33,845,870 → £35,795,923

• Employees

  -12.5%

  8 → 7

• Operating profit

  -30.5%

  £177,813 → £123,634

• Profit before tax

  +157.2%

  -£3,441,066 → £1,969,996

• Wages

  +5.9%

  £591,335 → £626,374

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