KELVIN HUGHES LIMITED

1. KELVIN HUGHES LIMITED 1983-11-18 → present
2. SMITH INDUSTRIES (TRAINING) LIMITED 1980-12-31 → 1983-11-18
3. MARINE AUDIO VISUAL INSTRUCTIONAL SYSTEMS LIMITED 1971-11-08 → 1980-12-31

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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding the profit for the year of £0.1 million, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The company does not have any external financing arrangement with any banks or financial institutions and has historically obtained any financing required in the form of intercompany loans. The directors have prepared cash flow forecasts and performed a going concern assessment which indicate that, in both the base and reasonably possible downsides, the company will require additional funds, through funding from its ultimate parent company, Hensoldt AG, to meet its liabilities as they fall due during the going concern assessment period. Hensoldt AG have indicated its intention to continue to make available such funds as are needed by the company and that it does not intend to seek repayment of the amounts currently due to the group, which as at 31 December 2024 amounted to £14.5m during the going concern assessment period.”

Significant events

• “Order Intake increase in 2024 includes winning a major contract to provide Naval 3D Air and Surface Surveillance Radar, Air Traffic Management (ATM) systems and Integrated Navigation Bridge System (INBS) for Royal Fleet Auxiliary's (RFA) three new Fleet Solid Support (FSS) ships.”

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

Filings

5

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

  +68.3%

  £22,287,000 → £37,515,000

• Cash

  +159.4%

  £1,363,000 → £3,536,000

• Net assets

  +0.2%

  £72,204,000 → £72,347,000

• Employees

  -0.6%

  156 → 155

• Operating profit

  +104.2%

  -£3,910,000 → £164,000

• Profit before tax

  +103%

  -£3,974,000 → £120,000

• Wages

  -8.1%

  £10,222,000 → £9,398,000

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