ADVANCED ALLOY SERVICES LIMITED

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

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Growing uncertainty prior to the US presidential election that delayed some new business into 2025.”
• “Nickel and Cobalt continued a steady decline in pricing during 2024.”
• “High inflation and interest rates did start to reduce during the year and combined with successful refinancing towards the end of the ycar.”
• “The demand for superalloys across different markets is expected to remain strong and the business will continue to invest in additional equipment to increase capacity creating new jobs in the local area.”
• “Focus on ESG credentials continues and is gaining increased prominence from customers, however, in addition to the extensive recycling activities the business continues to reduce its carbon footprint and reliance on fossil fuels via the implementation of solar panels, electric FLT's, EV's, waste reduction and energy monitoring and reduction projects.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

4

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

  -7.2%

  £56,716,373 → £52,635,866

• Cash

  +176.7%

  £382,737 → £1,058,997

• Net assets

  -0.6%

  £21,899,165 → £21,765,667

• Employees

  0%

  41 → 41

• Operating profit

  -36.5%

  £1,253,450 → £795,638

• Profit before tax

  -243.9%

  £69,935 → -£100,623

• Wages

  +6.3%

  £1,598,581 → £1,699,023

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers