STORM PROCUREMENT 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

Consolidated group

Auditor

Hillier Hopkins LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. STORM PROCUREMENT LIMITED · parent
   1. Global Steel Exports Limited 100% · UK
   2. Global Steel Exports (Pty) Ltd 100% · South Africa
   3. Storm Mozambique Lda 100% · Mozambique

Significant events

• “At the start of 2024 the strategic decision was made by the company shareholders to move the shares held by the majority shareholder of Storm Procurement Ltd into Storm Technologies Group Limited. The share transfer was completed on 1st June 2024.”
• “The company's Energy department continues to grow and is reaching new markets in different territories, and is developing relationships with new partners and suppliers. The company is bidding on new tenders and making connections with in-country agents to comply with emerging requirements within country purchasing restrictions.”
• “In 2025, three, 3-year contracts with an international Energy company have already been secured at the start of the year with further tenders still pending. An additional 2-year contract with an international Mining company has already been secured.”
• “The company is in the process of registering a joint venture partnership in Guyana and is also reviewing options in other countries such as Ghana.”

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

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

  +3.8%

  £29,448,031 → £30,553,614

• Cash

  -0.1%

  £912,112 → £911,522

• Net assets

  +7.3%

  £2,925,598 → £3,139,099

• Employees

  +6.1%

  49 → 52

• Operating profit

  -17.4%

  £1,327,141 → £1,095,739

• Profit before tax

  -15.2%

  £1,321,291 → £1,120,945

• Wages

  +14.6%

  £2,362,495 → £2,707,122

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