SEVERFIELD COMMERCIAL & INDUSTRIAL LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. SEVERFIELD COMMERCIAL & INDUSTRIAL LIMITED 2024-04-10 → present
2. SEVERFIELD COMMERCIAL & INDUSTRIAL LTD 2024-04-02 → 2024-04-10
3. SEVERFIELD (UK) LIMITED 2014-05-27 → 2024-04-02
4. SEVERFIELD-WATSON STRUCTURES LIMITED 2012-12-31 → 2014-05-27
5. SEVERFIELD-ROWEN STRUCTURES LIMITED 2012-04-02 → 2012-12-31
6. SEVERFIELD-REEVE STRUCTURES LIMITED 1991-12-06 → 2012-04-02

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 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the above factors and having made appropriate enquiries, the Directors consider it reasonable to assume that the Company has adequate resources to continue for the going concern period and assesses that it will remain in compliance with financial covenants and, for this reason, have continued to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The Company identified some bridge structures which were not in compliance with the client's weld specification requirements, predominantly relating to twelve bridge projects that are either ongoing or were completed over the past four years.”
• “In FY25, a further net exceptional charge of £2.2m has been recognised representing the latest estimate of testing and remedial costs of £22.2m for all the affected bridge projects noted above, offset by insurance recoveries of £20.0m which have been agreed with the Group's professional indemnity ('PI') insurers.”

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

5

last 12 months

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

• Turnover

  -17.3%

  £231,096,000 → £191,009,000

• Cash

  +1,292.2%

  £269,000 → £3,745,000

• Net assets

  +34.3%

  £31,930,000 → £42,896,000

• Employees

  +13%

  880 → 994

• Operating profit

  -5.1%

  £12,947,000 → £12,293,000

• Profit before tax

  -5.2%

  £12,845,000 → £12,176,000

• Wages

  +21.1%

  £46,799,000 → £56,662,000

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