MELETT LIMITED

• ◆

  4 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. MELETT LIMITED 2002-06-24 → present
2. MELETT 2002 LIMITED 2002-05-20 → 2002-06-24

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 have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 31 December 2026. The financial forecasts prepared for this period take into consideration the current environment and show that the Company is expected to maintain its profitability and to continue to generate operational cash flows in the future, giving the Company the ability to continue to operate for the foreseeable future.”

Group structure

1. MELETT LIMITED · parent
   1. Melett North America, Inc. 100% · US
   2. Melett (Changzhou) Precision Machinery Co. Limited 100% · PRC
   3. Melett Polska Sp. z.o.o. 100% · Poland

Significant events

• “After the balance sheet date, the company's shareholder has initiated a process with a view to sell the Company and has held discussions with interested parties.”
• “The deterioration is mainly driven by external pricing and cost pressures within the marketplace.”
• “The Company is exposed to a general price risk due to the supply and demand forces present in the market, including foreign currency exposure. This is primarily linked to supply chain sourcing, manufacturing and selling costs arising due to the impact of Brexit, the pandemic, the Russia/Ukraine war and the ongoing cost of living crisis.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +4.1%

  £26,572,000 → £27,657,000

• Cash

  -31.7%

  £1,228,000 → £839,000

• Net assets

  +1.9%

  £49,455,000 → £50,395,000

• Employees

  0%

  120 → 120

• Operating profit

  -136.7%

  £1,247,000 → -£458,000

• Profit before tax

  -57.6%

  £2,561,000 → £1,086,000

• Wages

  +5.1%

  £4,782,000 → £5,025,000

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