PROTEAN ELECTRIC LIMITED

• ⚠

  Material uncertainty over going concern

  However, as the long-term production and sales plan is based on various assumptions and the availability of financing of costs involved is not 100% guaranteed, management's ability to meet its forecasts is therefore uncertain. This indicates the existence of a material uncertainty which may cast doubt over the Group's ability to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PROTEAN ELECTRIC LIMITED 2009-04-14 → present
2. ELECTRIC MOTOR WORKS LIMITED 2008-11-12 → 2009-04-14

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

IFRS

Reporting scope

Consolidated group

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, as the long-term production and sales plan is based on various assumptions and the availability of financing of costs involved is not 100% guaranteed, management's ability to meet its forecasts is therefore uncertain. This indicates the existence of a material uncertainty which may cast doubt over the Group's ability to continue as a going concern.”

Group structure

1. PROTEAN ELECTRIC LIMITED · parent
   1. Protean Electric (Tianjin) Co. Ltd 100% · China
   2. Wuxi Electric-Drive Technology Co. Ltd 20% · China

Significant events

• “The loan owing to QED Group Limited has been written off during the year since it is no longer payable following the dissolution of QED on 24 December 2024. The brought forward loan, together with interest arising in the period up to the dissolution, is included as a credit to income in the Consolidated Statement of Profit or Loss and Other Comprehensive Income.”

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

Filings

17

last 12 months

Capital events

1

last 24 months

Officers appointed

6

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

  +106.6%

  £3,900,112 → £8,057,171

• Cash

  -49.4%

  £797,373 → £403,526

• Net assets

  -5.6%

  -£82,373,271 → -£86,970,411

• Employees

  -3.5%

  115 → 111

• Operating profit

  +18.9%

  -£6,655,624 → -£5,396,547

• Profit before tax

  +41.6%

  -£8,008,521 → -£4,679,528

• Wages

  -4.9%

  £6,108,610 → £5,807,420

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