MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED 1998-11-13 → present
2. 3117TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 1998-09-30 → 1998-11-13

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

“The directors together with the forecasts and sensitivities prepared are satisfied that the company can continue trading for at least 12 months from the date of signing the financial statements and settle all financial liabilities as they fall due.”

Group structure

1. MERITOR HEAVY VEHICLE BRAKING SYSTEMS (UK) LIMITED · parent
   1. Meritor Czech s.r.o. 100% · Czech Republic · Brake disc remanufacturing

Significant events

• “On 1 January 2024, we signed a new long-term agreement with our main customer Volvo which provides an improved base price for our products and enhanced mechanisms for the recovery of inflationary pressures which is expected to have a positive effect on our financial performance across the contract term.”
• “During the year, the company announced a $35m investment in the Cwmbran facility as part of the wider Cummins 'ProductionNEXT' initiative; a global programme to transform the group's supply chain to be more agile, efficient and resilient.”
• “The European heavy duty truck market demands in 2025 are expected to continue to be challenging which will impact the results in 2025.”
• “On the 5th of June 2025, the government announced a plan to introduce legislation to allow schemes to retrospectively obtain written actuarial confirmation of these historic benefit changes meeting the necessary standards.”

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

Filings

10

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -12.9%

  £143,292,000 → £124,786,000

• Cash

  —

  Not reported

• Net assets

  -15.7%

  £74,932,000 → £63,158,000

• Employees

  -7.4%

  475 → 440

• Operating profit

  +37.3%

  -£7,667,000 → -£4,810,000

• Profit before tax

  +6.4%

  -£6,172,000 → -£5,774,000

• Wages

  -6.3%

  £17,389,000 → £16,290,000

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