JOY GLOBAL (UK) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. JOY GLOBAL (UK) LIMITED 2013-08-27 → present
2. JOY MINING MACHINERY LIMITED 1996-05-01 → 2013-08-27
3. LONGWALL INTERNATIONAL HOLDINGS LIMITED 1994-01-25 → 1996-05-01
4. MECO INTERNATIONAL HOLDINGS LIMITED 1991-05-29 → 1994-01-25
5. HIGHOFFICE LIMITED 1990-10-04 → 1991-05-29

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 101

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore, have prepared the financial statements on a going concern basis.”

Group structure

1. JOY GLOBAL (UK) LIMITED · parent
   1. Joy Global (Africa) (Pty) Ltd 100% · South Africa · sale of mining machinery parts and service to mining customers.
   2. Joy Global (Poland) Sp ZOO 100% · Poland · sale of mining machinery parts and service to mining customers.
   3. Joy Global (India) Private Ltd 100% · India · sale of mining machinery parts and service to mining customers.
   4. Joy Global LLC 100% · RF, Russia · sale of mining machinery parts and service to mining customers.
   5. Joy Global (Ukraine) Limited Liability Company 100% · Ukraine · marketing and service support.
   6. Joy Global UK Pension Scheme Limited 100% · England · Dormant.
   7. Joy Partnership 100% · India · services to mining customers in India.

Significant events

• “Turnover for the year has decreased by £40.0m in comparison to the prior year. This is as a result of the cyclical nature of capital expenditure in the mining industry.”
• “Exceptional items in the year totalled £nil (2024: £1.5m income). No exceptional items arose in the current year. Details of the exceptional income during the prior year is included in note 4.”
• “The main component of other comprehensive income is a £2.1m actuarial gain (2024: £9.6m actuarial loss) in respect of the defined benefit scheme.”
• “On 24 February 2022, the geopolitical situation in Eastern Europe intensified with Russia's invasion of Ukraine. The company has subsidiaries in both Russia and Ukraine and has considered the impact of the situation on the business.”
• “Management had previously assessed the recoverability of the Russian receivables and concluded that due to the impact of international sanctions it was not possible to recover all outstanding amounts. Accordingly, a full provision was recognised in prior reporting periods.”
• “As part of this transformation, the company exited the manufacture of Powered Roof Supports (PRS) during the financial year ending 31 March 2022 and now provides PRS solutions through strategic partnerships with specialised PRS manufacturers.”
• “Joy Global's total emissions are 36% lower than the previous year. This reduction is primarily due to the closure of the Worcester facility, which was the only site previously using gas, with all business operations now consolidated into the Manchester facility.”

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

2

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

  -32.3%

  £124,046,000 → £83,970,000

• Cash

  +138.9%

  £14,124,000 → £33,743,000

• Net assets

  +21.9%

  £105,358,000 → £128,407,000

• Employees

  -3.7%

  215 → 207

• Operating profit

  -85.4%

  £8,058,000 → £1,175,000

• Profit before tax

  -40.1%

  £35,025,000 → £20,991,000

• Wages

  -3.7%

  £14,822,000 → £14,277,000

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