MUELLER EUROPE LIMITED

1. MUELLER EUROPE LIMITED 1999-11-01 → present
2. WEDNESBURY TUBE & FITTINGS COMPANY LIMITED 1997-03-14 → 1999-11-01
3. WEDNESBURY TUBE COMPANY LIMITED 1997-02-26 → 1997-03-14

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors, after carrying out necessary enquiries, believe that the company has adequate sources of funding to meet its future investments and the payment of its expenses as they fall due. The directors have considered forecasts for the company, taking account of the current market conditions and whilst they consider that these demonstrate that the company should be able to continue to operate within the financial resources available to it, the company has sought and obtained a letter of support from Mueller Industries Inc. through the end of September 2026. ... After making enquiries of group management, the directors have obtained a reasonable expectation that the group has adequate resources to continue in operation existence until the end of September 2026. The directors have understood that stress testing of the forecasts prepared by group focused on reductions in sales volumes and that these indicated that the group could continue to operate when comparing to the level of funding available and covenants in place. Accordingly, the company has adopted the going concern basis in preparing the financial statements.”

Significant events

• “during the year the focus was on progressing local investment with the aim to significantly increase the amount of recycled scrap that can be used as raw material. In addition a decision was made to pay one dividend during the year.”
• “Since the year end three dividend payments have been made for a total amount of £9,926k”

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

Filings

2

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

  +0.3%

  £218,347,000 → £218,959,000

• Cash

  -13.1%

  £25,389,000 → £22,060,000

• Net assets

  +0.4%

  £100,198,000 → £100,605,000

• Employees

  +2.6%

  232 → 238

• Operating profit

  -5.7%

  £13,497,000 → £12,732,000

• Profit before tax

  -5.1%

  £13,841,000 → £13,133,000

• Wages

  -2.5%

  £11,391,000 → £11,102,000

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