ELG METALS UK LIMITED

1. ELG METALS UK LIMITED 2022-01-04 → present
2. ELG HANIEL METALS LTD 2016-01-05 → 2022-01-04
3. E.L.G. HANIEL METALS LIMITED 1987-01-12 → 2016-01-05
4. E.L.G. METALS LIMITED 1981-12-31 → 1987-01-12
5. CLOISTERS ENGINEERING LIMITED 1980-09-18 → 1981-12-31

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After due consideration of all relevant factors, including the support of the parent company demonstrated in the past, the directors consider that the company will continue to operate within the financial facilities available, and that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “In response to these market conditions, the company undertook a restructuring of its UK operations during the year to improve efficiency and align capacity with demand. This included the closure of the Barking site, with volumes and key activities successfully reallocated across the remaining yards. The business has retained its ability to service customers effectively through its existing network, whilst benefiting from a more streamlined cost base. The Barking yard was subsequently disposed of, realising value and supporting a more focused and efficient operational footprint going forward.”

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

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -32%

  £119,949,178 → £81,585,926

• Cash

  +178.7%

  £28,646 → £79,833

• Net assets

  +11.6%

  £8,359,643 → £9,331,695

• Employees

  -8.9%

  79 → 72

• Operating profit

  +6,448.9%

  £47,089 → £3,083,794

• Profit before tax

  +137.9%

  -£2,485,212 → £942,971

• Wages

  -3%

  £3,207,834 → £3,110,333

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