CHARTER CONSOLIDATED HOLDINGS LIMITED

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has sufficient financial resources and support of the ultimate parent undertaking to continue to operate. Consequently, the directors believe the company has an effective framework for its business risks and that it is well managed. The company was a wholly owned subsidiary of ESAB Corporation as of 31 December. 2024. ESAB Corporation is the ultimate parent and not immediate parent company. The directors have obtained a letter of support from the ultimate parent company, ESAB Corporation. The letter of support confirms that ESAB Corporation will support the company to meet all liabilities for a period to 31 December 2026, which is consistent with the company's going concern assessment period. The directors have assessed the ability of ESAB Corporation to provide this support and have no concerns. The directors therefore have a reasonable expectation that the company can continue as going concern to 31 December 2026, which is at least 12 months from the date of approval of these financial statements. Accordingly, these financial statements have been prepared on the going concern basis.”

Group structure

1. CHARTER CONSOLIDATED HOLDINGS LIMITED · parent
   1. Agridzaar Limited · Cyprus
   2. AS ESAB · Norway
   3. CAST Limited · England and Wales
   4. Central Mining Finance Limited · England and Wales
   5. Charter Central Finance Limited · England and Wales
   6. Charter Central Services Limited · England and Wales
   7. Charter Consolidated Limited · England and Wales
   8. Charter Limited · England and Wales
   9. Charter Pension Trustee Limited · England and Wales
   10. Condor Equipamentos Industriais Ltda 60% · Brazil
   11. ESAB AB · Sweden
   12. ESAB ApS · Denmark
   13. ESAB Asia/Pacific Pte. Limited · Singapore
   14. ESAB Bulgaria EAD · Bulgaria
   15. ESAB CentroAmerica SA · Panama
   16. ESAB Comercio e Industria de Soldadura Lda · Portugal
   17. ESAB CZ, s.r.o. člen koncernu · Czech Republic
   18. ESAB Europe GmbH · Switzerland
   19. ESAB Finance Holdings Limited · England and Wales
   20. ESAB France SAS · France
   21. ESAB GCE Holdings AB · Sweden
   22. ESAB Gesellschaft m.b.H. · Austria
   23. ESAB Group (Ireland) Limited · Ireland
   24. ESAB Group (UK) Limited · England and Wales
   25. ESAB Holdings Limited · England and Wales
   26. ESAB Iberica, S.A.U. · Spain
   27. ESAB India Limited 73.7% · India
   28. ESAB Industria e Comercio Ltda · Brazil
   29. ESAB Kazakhstan LLC · Kazakhstan
   30. ESAB Kft. · Hungary
   31. ESAB Limited (Thailand) 91% · Thailand
   32. ESAB Limited Liability Company · Russia
   33. ESAB Middle East FZE · United Arab Emirates
   34. ESAB Middle East LLC 49% · United Arab Emirates
   35. ESAB Nederland B.V. · Netherlands
   36. ESAB Polska Sp. z.o.o. · Poland
   37. ESAB Romania Trading SRL · Romania
   38. ESAB Saldatura SpA · Italy
   39. ESAB SeAH Corporation 50% · Korea
   40. ESAB SEAH Welding Products (Yantai) Co. Limited 50% · China
   41. ESAB Service GmbH 18.7% · Germany
   42. ESAB Slovakia sro · Slovakia
   43. ESAB Sp. z.o.o. · Poland
   44. ESAB Sweden AB · Sweden
   45. ESAB Sweden Holdings AB · Sweden
   46. ESAB Ukraine LLC · Ukraine
   47. ESAB VAMBERK, s.r.o., člen koncernu · Czech Republic
   48. ESAB Welding & Cutting GmbH · Germany
   49. ESAB Welding & Cutting Products (Shanghai) Management Company Limited · China
   50. ESAB Welding Products (Jiangsu) Co Limited · China
   51. ESAB Welding Products (Weihai) Co Limited · China
   52. ESAB-Mor Welding Kft · Hungary
   53. Evrador Trading Limited · Cyprus
   54. EWAC Alloys Limited · India
   55. Exelvia (Bermuda) Limited · Bermuda
   56. Exelvia Cyprus Limited · Cyprus
   57. Exelvia Group India BV · Netherlands
   58. Exelvia Holding Limitada · Brazil
   59. Exelvia Holdings BV · Netherlands
   60. Exelvia International Holdings BV · Netherlands
   61. Exelvia Netherlands BV · Netherlands
   62. Gas Control Equipment Iberica SL · Spain
   63. Gas Control Equipment Limited · England and Wales
   64. Gas Control Equipment SA de CV · Mexico
   65. GCE Gas Control Equipment (Shanghai) Co., Ltd. · China
   66. GCE GmbH · GermanyA
   67. GCE Hungaria Kft · Hungary
   68. GCE India Ltd · India
   69. GCE Krass LLC · Russia Federation
   70. GCE Latin America Ltd · Panama
   71. GCE Mujelli Spa · Italy
   72. GCE Norden AB · Norway
   73. GCE Portugal Unipessoal Lda. · Portugal
   74. GCE Romania srl · Romania
   75. GCE SAS · France
   76. GCE Sp. Zoo · Poland
   77. GCE Sro · Czech Republic
   78. HE Deutschland Holdings GmbH · Germany
   79. HKS-Prozesstechnik GmbH · Germany
   80. HTP Beteiligungs AG · Switzerland
   81. Jinan Red Hawk International Trading Co., Ltd · China
   82. NV ESAB · Belgium
   83. Oy ESAB · Finland
   84. OZAS-ESAB Sp. z o.o. 88.4% · Poland
   85. PT Karya Yasantara Cakti · Indonesia
   86. SIAM ESAB Welding & Cutting Limited 91% · Thailand
   87. Soldasur SA 24% · Spain
   88. Soldex Holdings I LLC · United States
   89. Swift-cut Automation Limited · England and Wales
   90. Swift-Cut Europe BV · Netherlands
   91. TBI Industries GmbH · Germany
   92. TBI Shandong Industries Co., Ltd · China
   93. The British South Africa Company · England and Wales
   94. The Central Mining & Investment Corporation Limited · England and Wales

Significant events

• “The ongoing conflicts between Russia and Ukraine, as well as Israel and Hamas, pose wide-ranging challenges. Given the evolving situations, there are many unknown factors and events that could materially impact our operations or the operations of the wider group. These events have and continue to impact commodity prices, supply chains, credit risk including those related to receivables, treasury, and other factors. Any of these factors, individually or in aggregate, could have a material effect on our earnings, financial condition, and cash flows. Despite these challenges, the ESAB group is well-capitalised and has adequate access to capital to continue its operations through 31 December 2026. The UK cost of living crisis has also led to increased costs and inflation. As a company we have endeavoured to minimise the impact on the business.”
• “Post year end there was a group wide intercompany restructuring project which resulted in the recognition of dividend income of £197m and dividend distributions of £197m to fellow group companies.”

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

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -0.1%

  £1,530,164,000 → £1,529,108,000

• Employees

  —

  Not reported

• Profit before tax

  -148.3%

  £2,187,000 → -£1,056,000

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