NOBLE DENTON CONSULTANTS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

“During the year, the company made a profit after tax of £930,355 (2023: £1,606,464). At the balance sheet date, it held net assets of £6,707,451 (2023: £5,969,096). The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The company meets its day to day working capital requirements from operational cash flows, intercompany loan and trading balances with the group headed by Stiftelsen Det Norske Veritas, the ultimate owner. The directors have prepared cash flow forecasts and performed a going concern assessment which indicates that, in reasonably possible downsides, the company will require additional funds, through funding from its intermediate parent company, DNV AS, to meet its liabilities as they fall due during the 12-month period from the date of approval of the financial statements, the going concern assessment period. In the base case forecast the directors expect to generate revenue growth from winning new consultancy contracts. The reasonably plausible downside scenario assumes a lag in winning new business, which would increase the amount of funding required from the parent. DNV AS has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the group, which at 31 December 2024 amounted to £2,102,740, during the going concern assessment period. This amount is listed under Creditors: amounts due within one year, with the current support arrangement expected to end on 9 November 2025. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. NOBLE DENTON CONSULTANTS LIMITED · parent
   1. PT Noble Denton Utama 0.2% · Indonesia · Trading

Significant events

• “On 6th December 2023, the responsibility for the Noble Denton Consultants Defined Benefit Pension Scheme was transferred back from DNV Services UK Limited. This was done as part of group reorganisation, creating an intercompany balance between the companies that will be settled in cash.”
• “On 6 December 2023, the responsibility for the Noble Denton Consultants Defined Benefit Pension Scheme was transferred back to Noble Denton Consultants Limited from DNV Services UK Limited, as part of a group reorganisation. This transaction resulted in the recognition of an intercompany receivable balance of £720,000, which is included within 'Other debtors' falling due after more than one year. This balance will be settled in cash through monthly contributions of £60,000 by Noble Denton Consultants Limited, in accordance with the current Schedule of Contributions, until 31 December 2028.”

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

Filings

4

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

  -7.8%

  £13,030,334 → £12,011,390

• Cash

  -18.7%

  £5,528,206 → £4,494,350

• Net assets

  +12.4%

  £5,969,096 → £6,707,451

• Employees

  -9.8%

  61 → 55

• Operating profit

  +207.9%

  -£863,032 → £931,213

• Profit before tax

  -26%

  £1,632,835 → £1,209,048

• Wages

  -5%

  £4,621,949 → £4,389,497

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