MICROMASS UK LIMITED

1. MICROMASS UK LIMITED 1996-03-28 → present
2. FENNELHURST LIMITED 1996-02-22 → 1996-03-28

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In determining the appropriate basis of preparation of the financial statements, the directors are required to consider whether the company can continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of signing of these financial statements. The directors have considered the company's business activities and the principal risks and uncertainties in the context of the current operating environment, and its ability to continue as a going concern. Various scenarios have been considered along with an assessment of their effects on the company's forecast liquidity, including performing sensitivity analysis over both future cash inflow and outflow forecasts. These scenarios imply sufficient levels of liquidity headroom during the 12-month period under assessment therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In addition to the above the company has received a letter of support from the ultimate parent company, Waters Corporation, confirming that the parent will provide financial support to the company such that the company is able to operate as a going concern and to settle its liabilities as they fall due. This financial support will include: Not seeking the repayment of amounts advanced to the company by the parent and/or other members of the parent group unless adequate alternative financing has been secured by the company; and Advancing further amounts to the company as required by the company.”

Group structure

1. MICROMASS UK LIMITED · parent
   1. MPE Orbur Group Limited 100% · England · Holding company
   2. Waters Research Center Kft 100% · Hungary · Non trading
   3. Midland Precision Equipment Co Limited 100% · England · Precision engineering

Significant events

• “Following the settlement of litigation between the company and Bruker Daltonik GmbH reported in 2021, the company continues to receive royalties on the sales of the subject technology.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -11.9%

  £221,411,000 → £195,105,000

• Cash

  +25.9%

  £15,790,000 → £19,877,000

• Net assets

  +11.6%

  £100,753,000 → £112,424,000

• Employees

  -8.4%

  746 → 683

• Operating profit

  +0.6%

  £15,998,000 → £16,100,000

• Profit before tax

  +1.6%

  £16,125,000 → £16,389,000

• Wages

  -3.5%

  £47,360,000 → £45,696,000

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