VOLVO CONSTRUCTION EQUIPMENT LIMITED

1. VOLVO CONSTRUCTION EQUIPMENT LIMITED 2001-09-24 → present
2. VOLVO CONSTRUCTION EQUIPMENT EUROPE LIMITED 2000-02-14 → 2001-09-24
3. VOLVO CONSTRUCTION EQUIPMENT GB LIMITED 1995-06-01 → 2000-02-14
4. VME CONSTRUCTION EQUIPMENT GB LIMITED 1989-01-01 → 1995-06-01
5. VOLVO BM UK LIMITED 1983-03-01 → 1989-01-01
6. ANGLO SWEDISH EQUIPMENT LIMITED 1983-01-13 → 1983-03-01
7. LINLOCK LIMITED 1982-10-27 → 1983-01-13

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In making this assessment the directors have considered the financial performance and position of the Company and its future prospects as set out in the Strategic report. The Company has no external debt. It relies on the on-going support of the intermediate parent for funding. The Company has received a letter of support from its intermediate parent company Volvo Construction Equipment AB undertaking that it will continue to provide financial support for at least twelve months after the approval of these financial statements. The Directors have made enquiries and understand that Volvo Construction Equipment AB has adequate resources to be able to provide this financial support.”

Group structure

1. VOLVO CONSTRUCTION EQUIPMENT LIMITED · parent
   1. Volvo Construction Equipment Haulers Limited 100% · UK · design, manufacture and sale of earth moving equipment, parts and accessories

Significant events

• “Following the decision by the Court of Appeal to uphold the High Court's ruling in Virgin Media Ltd vs NTL Pension Trustees II, the company has commenced the process of investigation into identifying the potential impact to benefits and the associated accounting liabilities for the defined benefit pensions scheme within the company. As this process is still at an early stage, the company is not yet in a position to be able to determine or quantify any potential financial impacts of any possible challenges to historic changes affecting these schemes.”

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

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +10.9%

  £6,400,000 → £7,100,000

• Net assets

  -1.8%

  £76,273,000 → £74,924,000

• Employees

  -5.9%

  17 → 16

• Operating profit

  +100.4%

  -£45,870,000 → £185,000

• Profit before tax

  +102.2%

  -£28,732,000 → £641,000

• Wages

  -18.3%

  £2,589,000 → £2,116,000

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