COREWIRE LIMITED

1. COREWIRE LIMITED 1977-12-31 → present
2. BRINELL ENGINEERING LIMITED 1975-12-10 → 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

Begbies

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. COREWIRE LIMITED · parent
   1. Weldclad Limited 100% · UK
   2. Kespar Technology Limited 100% · UK
   3. Corewire Surface Technology Pvt Limited 80% · India · manufacture and repair continuous caster rolls for the steel industry
   4. Corewire Surface Technology sro 100% · Slovakia · manufacture and repair continuous caster rolls for the steel industry

Significant events

• “The company recorded a similar year for sales turnover to the previous year, though increases to the cost of production saw the gross profit reduced slightly compared to last year. Reductions in the cost of some raw materials became noticeable towards the end of the financial year and this downward trend is expected to continue for some months. This will inevitably lead to downward pressure on future sales prices. The wider economic outlook in several key markets is currently depressed and this will further dampen future sales turnover, a challenging year ahead is predicted.”

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

Filings

2

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

  -1%

  £11,157,501 → £11,047,290

• Cash

  +480%

  £34,471 → £199,926

• Net assets

  +7.5%

  £5,474,032 → £5,882,979

• Employees

  +2%

  51 → 52

• Operating profit

  -17%

  £620,777 → £515,412

• Profit before tax

  +12.5%

  £496,005 → £558,173

• Wages

  +6.7%

  £2,330,634 → £2,486,699

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