ARCELORMITTAL KENT WIRE LIMITED

• ⚠

  Material uncertainty over going concern

  Following a period of severe economic and financial difficulty exacerbated by the extended lock closure as well as coupled with the Chatham Docks redevelopment plans, the directors have taken the decision to enter members' voluntary liquidation after conducting a collective consultation with the workforce. The company will formally enter liquidation once all assets and liabilities have been settled. As a result, the financial statements have not been prepared on a going concern basis.

1. ARCELORMITTAL KENT WIRE LIMITED 2007-09-21 → present
2. MITTAL STEEL KENT WIRE LIMITED 2005-11-17 → 2007-09-21
3. KENT WIRE (ISPAT) LIMITED 1996-08-21 → 2005-11-17
4. KENT WIRE LIMITED 1987-09-28 → 1996-08-21
5. SPARKSTAT LIMITED 1987-08-10 → 1987-09-28

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

Material uncertainty disclosed

“Following a period of severe economic and financial difficulty exacerbated by the extended lock closure as well as coupled with the Chatham Docks redevelopment plans, the directors have taken the decision to enter members' voluntary liquidation after conducting a collective consultation with the workforce. The company will formally enter liquidation once all assets and liabilities have been settled. As a result, the financial statements have not been prepared on a going concern basis.”

Group structure

1. ARCELORMITTAL KENT WIRE LIMITED · parent
   1. Total Ship Services Limited 100% · England and Wales · Ships agency services provider within Chatham Docks

Significant events

• “Following a collective consultation with the workforce that concluded in December 2025, the decision to progress with members' voluntary liquidation was taken in January 2026. As a result, the Company has ceased operations and is currently in the process of organising its balance sheet before appointing liquidators.”

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

2

last 12 months

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

• Turnover

  -23.8%

  £55,119,840 → £41,999,569

• Cash

  -35%

  £2,963,226 → £1,926,812

• Net assets

  -104.5%

  £9,296,708 → -£421,225

• Employees

  -7.7%

  104 → 96

• Operating profit

  -27,490.9%

  -£33,385 → -£9,211,214

• Profit before tax

  -3,347.2%

  -£282,453 → -£9,736,684

• Wages

  -12.4%

  £4,552,775 → £3,990,167

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