SHEFFIELD FORGEMASTERS ENGINEERING LIMITED

1. SHEFFIELD FORGEMASTERS ENGINEERING LIMITED 2005-09-19 → present
2. OBVIOUS BELIEVER LIMITED 2003-08-12 → 2005-09-19

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the going concern status of the Company by reference to a number of factors. In particular, the Directors have considered: The order book for the next two years; The Company has a strong competitive position and unique manufacturing capabilities; The Company has a customer base drawn from a range of end-user markets; The Company has a track record of retaining key staff and has no significant pending litigation or fines; The revolving credit facility provided by the Ministry of Defence on 19 August 2021 with a limit of £15.0m has an expiry date of 31 December 2029; and The ongoing impact of the Russia-Ukraine conflict, the increased rate of inflation and energy and its impact on elements of the Company's cost base. ... On this basis, the Directors have concluded that the Company does have sufficient financial resources to meet its obligations as they fall due for the next 12 months and no material uncertainty relating to going concern has been identified: As such, the going concern basis is determined to be appropriate for the preparation of the financial statements for the year ended 31 March 2025.”

Significant events

• “UK Defence has continued to provide a strong flow of orders from major programmes. Demand from the Oil and Gas and Steel Processing sectors remains subdued, the latter impacted by weak automotive demand and tariff uncertainty. In the past year, significant long term orders have been secured to supply castings into Global Defence markets and forgings into very large plate mill back up rolls.”
• “The ongoing impact of the Russia-Ukraine conflict, the increased rate of inflation and energy and its impact on elements of the Company's cost base.”

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

Filings

18

last 12 months

Capital events

14

last 24 months

Officers appointed

2

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

  +20.5%

  £94,939,000 → £114,420,000

• Cash

  +35.5%

  £69,157,000 → £93,735,000

• Net assets

  +71.3%

  £223,485,000 → £382,784,000

• Employees

  +8.9%

  641 → 698

• Operating profit

  +76.5%

  -£5,211,000 → -£1,225,000

• Profit before tax

  +111.2%

  -£4,989,000 → £561,000

• Wages

  +13.2%

  £28,342,000 → £32,080,000

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