HARDIDE PLC

1. HARDIDE PLC 2005-03-14 → present
2. HARDIDE COATINGS LIMITED 2005-02-09 → 2005-03-14
3. GREATSTORE LIMITED 2005-01-27 → 2005-02-09

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

IFRS

Reporting scope

Consolidated group

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Hardide has become cash generative for the first time over the last 18 months. As Hardide is already well invested with significant spare capacity, and with typical working capital requirements being modest at around 10% of sales, the Board does not currently believe it will need to raise further equity to deliver its current business plans. Therefore, the financial statements have been prepared on a going concern basis. Reverse stress testing suggests that, absent specific actions to reduce costs, working capital and capital expenditure, the Group may need to seek further funding only if revenues fell by more than 25% compared to forecast. Given trading momentum this financial year has so far continued to be strong, the Board considers this scenario to be unlikely.”

Group structure

1. HARDIDE PLC · parent
   1. Hardide Coatings Limited 100% · UK · Surface engineering
   2. Hardide Coatings, Inc 100% · USA · Surface engineering
   3. Hardide Aerospace Coatings Limited 100% · UK · Dormant company

Significant events

• “Revenues up 27% from £4.7m to £6.0m driven by new recurring and development work wins across the aerospace and energy sectors.”
• “Full harmonisation of operational capabilities between our plants in the USA and UK completed during the year.”
• “In December 2024 we announced we had won additional work with a major European aircraft manufacturer to coat parts for freight aircraft. As expected, the initial tooling and development work added materially to sales revenue in FY25. Production volumes are expected to begin in FY26 and, based on the customer's anticipated build rates, this could lead to production revenues in the range of circa £8m over the expected 10-year time frame of the contract.”

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

3

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

  +27.5%

  £4,730,000 → £6,030,000

• Cash

  +18.1%

  £700,000 → £827,000

• Net assets

  +6%

  £3,659,000 → £3,879,000

• Employees

  -21.1%

  38 → 30

• Operating profit

  +121.8%

  -£1,190,000 → £260,000

• Profit before tax

  +109.3%

  -£1,343,000 → £125,000

• Wages

  -2.2%

  £2,050,000 → £2,005,000

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