ALIAXIS UK LIMITED

1. ALIAXIS UK LIMITED 2022-07-01 → present
2. GLYNWED PIPE SYSTEMS LIMITED 2001-03-01 → 2022-07-01
3. VICTAULIC LIMITED 1987-06-02 → 2001-03-01
4. VICTAULIC COMPANY PUBLIC LIMITED COMPANY(THE) 1983-04-06 → 1987-06-02
5. NEW VICTAULIC COMPANY PUBLIC LIMITED COMPANY(THE) 1983-02-09 → 1983-04-06

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

UK-adopted IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic.”

Group structure

1. ALIAXIS UK LIMITED · parent
   1. Glynwed Pipe Systems Limited 100% · UK · dormant

Significant events

• “In 2024, the Company announced it was moving out of some of the building products market, with most production ending in December 2024 and distribution on these products ending in quarter 2 of 2025. The manufacturing and distribution site at Lenham will be vacated in 2025.”
• “In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain historical pension changes due to the lack of actuarial confirmation required by law. In July 2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the June 2023 decision. The conclusions reached by the court in this case may have implications for the Aliaxis UK defined benefit plan.”
• “The management has prepared a plausible budget scenario to 31 December 2026 which includes the restructuring of the Company, with the moving out of some of the building products market and closure of Lenham site, to bring the Company back to its previous profitability.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -20.9%

  £146,762,000 → £116,144,000

• Cash

  +19.5%

  £41,000 → £49,000

• Net assets

  -33.1%

  £38,933,000 → £26,032,000

• Employees

  -20.3%

  664 → 529

• Operating profit

  -129%

  -£6,255,000 → -£14,325,000

• Profit before tax

  -147.7%

  -£6,624,000 → -£16,409,000

• Wages

  -12.5%

  £27,521,000 → £24,082,000

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