EUROPEAN BRAKING SYSTEMS LTD

1. EUROPEAN BRAKING SYSTEMS LTD 2001-07-12 → present
2. M C W PARTS LIMITED 1995-03-07 → 2001-07-12

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 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.”

Group structure

1. EUROPEAN BRAKING SYSTEMS LTD · parent
   1. Air Brake Company Holland B.V. 100% · Netherlands
   2. European Braking Systems S.R.L. 100% · Romania

Significant events

• “Despite continued macro-economic uncertainty, including the prolonged conflict in Eastern Europe and ongoing foreign exchange volatility, the company delivered a resilient performance during the year.”
• “While the direct effects of COVID-19 have subsided, the prolonged conflict in Eastern Europe continues to cast a shadow over global trade.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -1.3%

  £31,096,203 → £30,694,758

• Cash

  +2%

  £1,676,630 → £1,710,404

• Net assets

  +34.7%

  £9,365,855 → £12,615,104

  highest in 4 filed years

• Employees

  -4.8%

  83 → 79

  lowest in 4 filed years

• Operating profit

  -9.4%

  £5,051,441 → £4,576,786

• Profit before tax

  -10.7%

  £4,897,635 → £4,372,071

• Wages

  -0.9%

  £3,170,869 → £3,142,522

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