FLUIDPOWER GROUP UK LIMITED

• ⚠

  Material uncertainty over going concern

  The Board recognises a reasonably plausible scenario where the Group's banking facility covenants may be breached should pipeline enquiries not convert to sales or market conditions deteriorate further, indicating a material uncertainty related to events and conditions that may cast significant doubt on the company's ability to continue as a going concern.

1. FLUIDPOWER GROUP UK LIMITED 2019-05-02 → present
2. FLUIDPOWER LIMITED 2016-05-17 → 2019-05-02
3. FLOWTECH LIMITED 1999-04-27 → 2016-05-17
4. IPL FLUID POWER LIMITED 1988-12-05 → 1999-04-27
5. INDUSTRIAL PIPELINES LIMITED 1987-07-21 → 1988-12-05
6. TWEEDGREEN ENGINEERING LIMITED 1987-06-09 → 1987-07-21
7. INDUSTRIAL PIPELINES LIMITED 1982-10-15 → 1987-06-09

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

“The Board recognises a reasonably plausible scenario where the Group's banking facility covenants may be breached should pipeline enquiries not convert to sales or market conditions deteriorate further, indicating a material uncertainty related to events and conditions that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “During the year, the business acquired Thorite which contributed £4.8m to revenue. This acquisition included intangible assets (Thorite Brand £256,000, Customer list £800,000) and resulted in negative goodwill of £2,205,000.”

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

  -3.2%

  £76,213,019 → £73,758,192

• Cash

  -64.1%

  £3,414,716 → £1,225,034

• Net assets

  -3.7%

  £57,057,204 → £54,967,043

• Employees

  0%

  326 → 326

• Operating profit

  -93.8%

  £3,306,517 → £205,518

• Profit before tax

  -102.9%

  £3,150,808 → -£91,354

• Wages

  +15.3%

  £10,611,580 → £12,238,872

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