PROBE MANUFACTURING AND FABRICATION LIMITED

• ⚠

  Material uncertainty over going concern

  Despite this, a material uncertainty still exists however that may cast doubt on the company's ability to continue as a going concern should this entity's ownership change within the foreseeable future. The financial statements do not contain any adjustments that would arise from the basis of preparation as a going concern being inappropriate.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PROBE MANUFACTURING AND FABRICATION LIMITED 2023-07-05 → present
2. PROBE OIL TOOLS LIMITED 1974-04-26 → 2023-07-05

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

“Despite this, a material uncertainty still exists however that may cast doubt on the company's ability to continue as a going concern should this entity's ownership change within the foreseeable future. The financial statements do not contain any adjustments that would arise from the basis of preparation as a going concern being inappropriate.”

Significant events

• “During the year the company's parent company was sold, and as part of the new group's strategy a divestment programme of the Energy Services business line was initiated in which this company forms part of. This process is ongoing at the date of signing these financial statements.”
• “On 6 August 2025, 100% of the share capital of the company was purchased by fellow group company, Project Santis DeltaCo Limited. The company's ultimate parent undertaking and ultimate controlling party remain as disclosed in note 29.”

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

Filings

11

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

  +5.4%

  £11,855,000 → £12,494,000

• Cash

  —

  Not reported

• Net assets

  -97.5%

  £41,816,000 → £1,060,000

• Employees

  +9.4%

  53 → 58

• Operating profit

  -2,438.7%

  £1,810,000 → -£42,331,000

• Profit before tax

  -1,000.2%

  £4,399,000 → -£39,598,000

• Wages

  +15.3%

  £2,244,000 → £2,588,000

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