NOVELIS SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  As a result of the restructuring which occurred this financial year, the going concern basis of preparation is not appropriate and as such, the financial statements have been prepared on a basis other than going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As a result of the restructuring which occurred this financial year, the going concern basis of preparation is not appropriate and as such, the financial statements have been prepared on a basis other than going concern.”

Significant events

• “Due to Novelis Group restructuring, Novelis Services Limited will be registered as a dormant company in the next financial year as there will be no more operating activity in the Company.”
• “As a result of the restructuring which occurred this financial year, the going concern basis of preparation is not appropriate and as such, the financial statements have been prepared on a basis other than going concern.”
• “On 31 December 2024, the remaining trade and net assets of the Company, with a net book value of $148,564,000, were transferred to Novelis UK Ltd through a cash dividend and a dividend in specie. This transaction represented a group reconstruction with the operations of the Company and Novelis UK Ltd being combined.”

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

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -5.5%

  £29,467,754 → £27,859,155

• Cash

  -100%

  £20,977,761 → £1,483

• Net assets

  -100%

  £488,280,208 → £1,483

• Employees

  0%

  3 → 3

• Operating profit

  +0.6%

  £21,895,478 → £22,032,617

• Profit before tax

  -27.3%

  £36,026,686 → £26,174,203

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