AIRBAGS INTERNATIONAL LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

1. AIRBAGS INTERNATIONAL LIMITED 1989-10-16 → present
2. ANDAL PROPERTIES LIMITED 1985-11-13 → 1989-10-16

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have received a letter of support from Autoliv Inc. confirming that it will provide financial support to the Company to meet its liabilities as they fall due for the period from the date of signing the financial statements though to 31 December 2026. The Directors, having made the relevant enquiries of Autoliv Inc management and having reviewed the Group's 31 December 2024 10-K and 30 September 2025 10-Q, are satisfied that the parent undertaking has adequate resources to provide financial support to the Company, if required. On this basis the directors consider that it is appropriate to prepare the financial statements on a going concern basis for the period to 31 December 2026.”

Group structure

1. AIRBAGS INTERNATIONAL LIMITED · parent
   1. Autoliv-Kolb Limited 100% · United Kingdom · dormant

Significant events

• “In 2023, Autoliv Inc, the ultimate parent undertaking, announced that it was accelerating its global cost reduction programme that included a substantial reduction in its workforce to support the Group's medium and long term financial targets. As a result of this cost reduction programme, on 13 July 2023, Autoliv Inc, announced that it was evaluating the possible closure of its textile weaving facility in the UK with the aim to relocate production by the end of 2025.”
• “At date of signing, the directors of the Company have concluded that manufacturing operations will transfer to Romania, and are currently managing the transfer of assets within the group, and the marketing and sale of redundant assets. Employee severance has commenced, and the full plant closure is expected to complete in 2026, allowing the company to refocus activities on supporting related entities throughout the world with Management and Technical Expertise.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +13.8%

  £67,554,000 → £76,874,000

• Cash

  -27.1%

  £1,373,000 → £1,001,000

• Net assets

  -37.2%

  £24,112,000 → £15,151,000

• Employees

  +12.6%

  215 → 242

• Operating profit

  -1,068.3%

  £1,061,000 → -£10,274,000

• Profit before tax

  -986.6%

  £1,123,000 → -£9,957,000

• Wages

  +11.5%

  £9,468,000 → £10,555,000

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