CH2M HILL EUROPE LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 (b) in the financial statements, which indicates that the directors have prepared the financial statements on a going concern basis as they expect that adequate financing will be in place principally provided by parental support as necessary and that the company will continue to operate for the foreseeable future. However, a formal letter of support has not been provided by the parent. As stated in note 1 (b), these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the entity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

1. CH2M HILL EUROPE LIMITED 2011-09-16 → present
2. CH2M HILL ACQUIRECO LIMITED 2010-08-16 → 2011-09-16
3. CH2M HILL STAR HOLDINGS LIMITED 2010-06-25 → 2010-08-16
4. INTERCEDE 2359 LIMITED 2010-05-21 → 2010-06-25

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 (b) in the financial statements, which indicates that the directors have prepared the financial statements on a going concern basis as they expect that adequate financing will be in place principally provided by parental support as necessary and that the company will continue to operate for the foreseeable future. However, a formal letter of support has not been provided by the parent. As stated in note 1 (b), these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the entity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. CH2M HILL EUROPE LIMITED · parent
   1. Asia Halcrow Inc 100% · Philippines
   2. CH2M HILL LLC 100% · Russia
   3. CH2M HILL United Kingdom 100% · England
   4. CH2M Polska Services Sp Zoo 100% · Poland
   5. CH2M Services Sdn Bhd 100% · Malaysia
   6. Halcrow (Consulting Engineers & Architects) Limited 100% · England
   7. Halcrow (Thailand) Limited 100% · Thailand
   8. Halcrow Consultants Sdn Bhd 100% · Malaysia
   9. Halcrow Asia Limited 100% · England
   10. Halcrow International Limited 100% · England
   11. Halcrow Pacific Pty Limited 100% · Australia
   12. Halcrow Romania SRL 100% · Romania
   13. Sir William Halcrow & Partners Limited (1) 100% · England
   14. Transmark Asia Limited 100% · England
   15. Yolles Partnership Inc 100% · Canada
   16. CH2M Hill Mozambique Ltd 99% · Mozambique
   17. Halcrow Consulting India Private Limited 100% · India
   18. Halcrow Consulting Limited 100% · England
   19. Halcrow Environmental Consulting Co. Limited 100% · Thailand
   20. Halcrow Group (Thailand) Limited 100% · Thailand
   21. Halcrow Group (Trinidad & Tobago) Limited 100% · Trinidad & Tobago
   22. Halcrow Group Ireland Limited 100% · Republic of Ireland
   23. Halcrow Group Limited 100% · England
   24. Halcrow Holdings Limited 100% · England

Significant events

• “The company issued one ordinary share at a nominal value of £1 to CH2M Hill Holdings Limited for £122,793,879 on 14 May, 2024.”
• “The company undertook two bonus issues of shares using the capital contribution reserve, from which it issued 16,513,008 and 11,486,992 ordinary shares, respectively, each at a nominal value of £1.”
• “The company reduced its share capital by cancelling the bonus issue of shares, reducing existing share premium by £233,418,038 and crediting the profit and loss reserves by £261,418,038.”
• “On 12th February 2025, CH2M Hill United Kingdom, a subsidiary of CH2M Hill Europe Limited declared a cash dividend of £50m to be made in favour of CH2M Hill Europe Limited.”
• “On 12th February 2025, CH2M Hill United Kingdom also approved a Distribution-in-kind to be made by the Company to CH2M Hill Europe Limited, of a receivable owing by JEG Inc to CH2M Hill United Kingdom in the aggregate amount of £39,427,241.91.”
• “On 12th February 2025, CH2M Hill Europe declared a cash dividend of £50m to be made in favour of CH2M Hill Holdings Limited.”
• “On the same date, CH2M Hill Europe Limited also approved a Distribution-in-kind to be made by the Company to CH2M Hill Holdings Limited, of a receivable owing by JEG Inc to CH2M Hill United Kingdom in the aggregate amount of £39,427,241.91.”
• “On 21 February 2025, in preparation for the strike-off of Halcrow Holdings Limited, the company received the entire shareholding of Halcrow Holdings Limited's wholly-owned subsidiary, Halcrow Consulting Limited, along with all other remaining assets.”
• “On the same date, in preparation for the strike-off of Halcrow Consulting Limited and subsequent to the change in shareholding of Halcrow Consulting Limited to the company, the company received the entire shareholding of Halcrow Consulting Limited's wholly-owned subsidiaries, Halcrow Group Limited and Halcrow International Limited, along with all the other remaining assets.”
• “In addition, the company paid a distribution of £22,929,396.70 to CH2M Hill Holding Limited, off setting an existing intercompany payable.”

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

6

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

  —

  Not reported

• Cash

  +30.4%

  £135,000 → £176,000

• Net assets

  +206.6%

  -£13,480,000 → £14,374,000

• Employees

  —

  Not reported

• Operating profit

  -203.7%

  £27,000 → -£28,000

• Profit before tax

  -7,623.9%

  -£1,194,000 → -£92,223,000

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