DAIDO INDUSTRIAL BEARINGS EUROPE LIMITED

1. DAIDO INDUSTRIAL BEARINGS EUROPE LIMITED 2001-09-07 → present
2. FEDERAL-MOGUL DAIDO HWB LIMITED 1998-09-08 → 2001-09-07
3. PINCO 1101 LIMITED 1998-08-17 → 1998-09-08

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite the continued net loss before tax in 2024, the company managed to generate a modest operating profit for the year. On February 7, 2025, through combination of our parent's capital increase and loan forgiveness the balance sheet was recapitalised. In March, the remaining balance of the borrowings from the parent company was repaid. The commitment from the parent company is evident, and the company's medium-term plan for the year 2025-2030 projects the net profit from the third year onwards. Considering all these circumstances, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, directors continue to adopt the going concern basis in preparing the annual financial statements.”

Significant events

• “In January 2025, the parent company, Daido Metal Co., Ltd., announced a financial support package, including a debt waiver of £10,000,000 and a new share subscription of £19,000,000. This support was executed in February 2025, and new cash received has been used to repay the remaining intercompany loans in March 2025.”
• “In May 2025, the Group issued a new Medium-Term Plan, which identified the company's core business the manufacture of plain bearings for marine and industrial engines as a strategic focus area.”

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

Filings

5

last 12 months

Capital events

1

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

  +10.2%

  £14,801,000 → £16,316,000

• Cash

  +207.8%

  £603,000 → £1,856,000

• Net assets

  +1.8%

  -£14,111,000 → -£13,850,000

• Employees

  +2.5%

  163 → 167

• Operating profit

  +103.6%

  -£1,539,000 → £56,000

• Profit before tax

  +47.3%

  -£3,063,000 → -£1,614,000

• Wages

  +8.3%

  £5,985,000 → £6,482,000

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