SCHNEIDER ELECTRIC IT UK LTD

1. SCHNEIDER ELECTRIC IT UK LTD 2009-10-07 → present
2. MGE UPS SYSTEMS LIMITED 1995-11-30 → 2009-10-07
3. SIMCO 735 LIMITED 1995-10-02 → 1995-11-30

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

Forvis Mazars

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based upon these forecasts and expectations the directors have concluded that the Company has adequate resources to continue in operational existence for the foreseeable future, being a minimum period of next 12 months from the date of approval of these financial statements. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. SCHNEIDER ELECTRIC IT UK LTD · parent
   1. Schneider Electric IT Manufacturing UK Limited 100% · England · Dormant

Significant events

• “In June 2023, a High Court judgment in the case of Virgin Media vs NTL Pension Trustees II Limited provided a ruling that has the potential to lead to additional pension obligations in certain circumstances. The issue relates to the requirement arising from the Section 37 of the Pension Scheme Act 1993 for written actuarial confirmation from the Scheme Actuary that the scheme would continue to meet the 'reference scheme test' in certain circumstances where the scheme rules were changed for an occupational DB scheme contracted out on a reference scheme test basis between 6 April 1997 and 5 April 2016 (inclusive). The High Court ruling determined that both retrospective and prospective changes made without a section 37 actuarial confirmation are void. An appeal hearing took place in late June 2024; although narrow in scope, the appeal upheld the original High Court judgment.”

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

1

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

  -22.2%

  £41,839,773 → £32,545,398

• Cash

  -98.4%

  £46,028 → £727

• Net assets

  +20.2%

  £7,752,550 → £9,314,753

• Employees

  -1.4%

  145 → 143

• Operating profit

  -41.8%

  £1,546,604 → £900,602

• Profit before tax

  -52%

  £2,236,836 → £1,073,136

• Wages

  -0.6%

  £12,582,275 → £12,511,499

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