TRIPLEFAST MIDDLE EAST LIMITED

1. TRIPLEFAST MIDDLE EAST LIMITED 2002-08-02 → present
2. FBC 299 LIMITED 2002-07-17 → 2002-08-02

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Significant events

• “The company saw turnover at £25,801,000 decrease by c.(18.0)% on the prior year influenced by a number of factors including the timing of projects and market conditions. Operating profit was £6,544,000 (2023: £7,990,000).”
• “The acquisition of the Group was funded through a combination of equity, preference shares, loan notes and the new Wells Fargo facility referenced above. In June 2023 certain loan notes were repaid in full utilising the proceeds from the issue of $40m of bonds by the Group. These bonds have been listed on the Nordic ABM operated by the Euronext stock exchange in Oslo and mature in 2027.”

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

  -18%

  £31,467,000 → £25,801,000

• Cash

  +33.3%

  £3,185,000 → £4,246,000

• Net assets

  +44.9%

  £14,206,000 → £20,580,000

• Employees

  +11.5%

  183 → 204

• Operating profit

  -18.1%

  £7,990,000 → £6,544,000

• Profit before tax

  -36.6%

  £10,551,000 → £6,685,000

• Wages

  -8.3%

  £5,235,000 → £4,799,000

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