HARRIS PYE ENGINEERING GROUP LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-01-03.

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 in the financial statements, which describes the material uncertainty relating to going concern. On 3 November 2025, the immediate parent company signed an agreement to sell its entire stake in the Group. As stated in note 2, there is uncertainty regarding the new owner's strategic plans and potential restructuring following completion of the sale. These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company and Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter. 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.

1. HARRIS PYE ENGINEERING GROUP LIMITED 2014-11-28 → present
2. HARRIS PYE GROUP LIMITED 2007-04-05 → 2014-11-28
3. HARRIS PYE 2006 LIMITED 2007-03-22 → 2007-04-05

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 in the financial statements, which describes the material uncertainty relating to going concern. On 3 November 2025, the immediate parent company signed an agreement to sell its entire stake in the Group. As stated in note 2, there is uncertainty regarding the new owner's strategic plans and potential restructuring following completion of the sale. These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company and Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter. 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.”

Group structure

1. HARRIS PYE ENGINEERING GROUP LIMITED · parent
   1. Harris Pye Singapore Pte Limited 100% · Singapore · Marine engineering
   2. Harris Pye DMCC 100% · United Arab Emirates · Marine engineering
   3. Harris Pye United Kingdom Limited 100% · United Kingdom · Marine engineering
   4. Harris Pye Gulf LLC 100% · Dubai, UAE · Marine engineering
   5. Harris Pye Brasil Limited 100% · Brazil · Marine engineering
   6. Harris Pye Module Design & Supply LLC 49% · Dubai, UAE · Marine subtraction control
   7. Harris Pye LLC (Oman) 70% · Oman · Marine engineering
   8. Harris Pye Emirates LLC 49% · Abu Dhabi, UAE · Marine engineering
   9. Harris Pye Saudi Company Limited 100% · KSA · Marine engineering
   10. Harris Pye China Co Limited 100% · China · Marine engineering
   11. Harris Pye Japan Co Limited 100% · Japan · Marine Engineering
   12. Harris Pye (M) SDN BHD 100% · Johor, Malaysia · Marine engineering
   13. Harris Pye Engineering Srl. 100% · Romania · Provision of labour

Significant events

• “During 2023, after carefully considering Harris Pye's business and the global opportunity set, the Harris Pye Group decided that it will transition its business away from the UK to direct more resources to the global offshore and marine space and Middle East land markets over the long term. As of May 2024, all the projects were completed and operations of the Company ceased. Following cessation of operations, the Company continued to hold investments in trading entities and operated as a holding entity of the Group.”
• “Subsequent to the year-end, Harris Pye DMCC was carved out of the Group. Furthermore, on 3 November 2025, the parent company, Joulon EU Acquisitions S.A.R.L, entered into a share purchase agreement to sell its entire shareholding in Harris Pye Engineering Group Limited to an external party. The agreement is currently pending regulatory approvals. Directors have assessed these events and concluded that they represent non-adjusting subsequent events under FRS 102; therefore, no adjustments have been made to the amounts recognised in these financial statements.”

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

Filings

9

last 12 months

Capital events

2

last 24 months

Officers appointed

1

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

  -11.9%

  £60,363,642 → £53,160,572

• Cash

  +111.1%

  £2,576,700 → £5,439,684

• Net assets

  +192.3%

  £3,039,023 → £8,883,054

• Employees

  +3.5%

  481 → 498

• Operating profit

  +48.3%

  £4,945,790 → £7,335,677

• Profit before tax

  -1.3%

  £4,835,883 → £4,772,838

• Wages

  -22.1%

  £5,359,668 → £4,175,866

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