GAS CONTROL EQUIPMENT LIMITED

1. GAS CONTROL EQUIPMENT LIMITED 1987-01-21 → present
2. ESAB GAS EQUIPMENT LIMITED 1986-04-29 → 1987-01-21
3. HOWAVON LIMITED 1986-03-24 → 1986-04-29

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

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is a wholly owned subsidiary of ESAB Corporation as of 31 December 2024. ESAB Corporation is the ultimate parent and not immediate parent company. The directors have obtained a letter of support from the ultimate parent company, ESAB Corporation. The letter of support confirms that ESAB Corporation will support the Company to meet all liabilities for a period to 31 December 2026, which is consistent with the Company's going concern assessment period. The directors have assessed the ability of ESAB Corporation to provide this support and have no concerns. The directors therefore have a reasonable expectation that the Company can continue as a going concern to 31 December 2026. Accordingly, these financial statements have been prepared on a going concern basis.”

Significant events

• “During 2024 the Company saw growth in turnover on trading of 8.9% year on year, whilst no comparative income for research and development in 2024. Gross profit fell slightly due to change in product mix and full year impact of transfer pricing model introduced in Q3 2023.”
• “The impact of the Russian invasion of Ukraine has impacted on the manufacturing cost base of our supply chain, specifically around energy and raw material costs. Furthermore, the UK cost of living crisis has also led to increased costs and inflation. As a company we have endeavoured to minimize the impact of this on our customer base, however during 2023 and 2024 we have had to pass some of this additional cost on.”
• “In March 2024, the Company and the Pension Trustees transacted a buy-in insurance with a third party, which covered all of the assets and liabilities of the fund. Consistent with the wider ESAB Corporation group view of this transaction, the Company has taken a prudent view that there will be no surplus of funds once the transaction is complete.”

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

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

  +1.9%

  £15,790,208 → £16,097,774

• Cash

  -68.3%

  £80,123 → £25,385

• Net assets

  -38.9%

  £15,107,328 → £9,234,925

• Employees

  +24.1%

  29 → 36

• Operating profit

  -84.1%

  £575,091 → £91,198

• Profit before tax

  -34.8%

  £1,266,711 → £825,460

• Wages

  +43.7%

  £2,087,264 → £2,999,687

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