NORTHERN ENGINEERING UK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. NORTHERN ENGINEERING UK LIMITED 2006-04-25 → present
2. SHELFCO (NO. 3231) LIMITED 2006-03-13 → 2006-04-25

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Taking into account the letter of support from Sanders Industries Holdings Inc. and the availability of working capital, the directors have concluded that the group will be able to continue to meet its financial obligations as they fall due for at least 12 months from the date of approval of these financial statements. Consequently, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. NORTHERN ENGINEERING UK LIMITED · parent
   1. Northern Engineering (Sheffield) Limited 100% · Manufacture of industrial sealing products
   2. Crosslink Technology Holdings Limited 100% · Holding company
   3. Icon Aerospace Technology Ltd 100% · Aerospace and defence products manufacturer

Significant events

• “The group continued to perform well despite continued uncertainty in the market arising from the wars in Ukraine and the Middle East and the global economic situation.”
• “A substantial portion of the business supplies into the semi-conductor industry. This industry saw a slow down through 2023 and 2024 with customers having high levels of inventory at a time when demand was falling.”

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

Filings

6

last 12 months

Capital events

1

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

  +18.4%

  £35,578,000 → £42,108,000

• Cash

  +179.9%

  £677,000 → £1,895,000

• Net assets

  +18.3%

  £18,993,000 → £22,477,000

• Employees

  +3.8%

  342 → 355

• Operating profit

  +52.8%

  £4,990,000 → £7,623,000

• Profit before tax

  +87.4%

  £3,392,000 → £6,355,000

• Wages

  +10.9%

  £11,171,000 → £12,387,000

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