DIFFUSION ALLOYS (UK) LIMITED

1. DIFFUSION ALLOYS (UK) LIMITED 2014-09-25 → present
2. DIFFUSION ALLOYS NORTH EAST LIMITED 2012-04-25 → 2014-09-25

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe the Group is a going concern. Forecasts show ability to trade for at least twelve months. The ultimate parent, Time To ACT plc, has a platform to raise additional funds if required and considers other finance sources (bank lending, grant funding, shareholder raises, strategic partnerships). Financial statements prepared on going concern basis.”

Significant events

• “The Company has a guarantee in place dated 25 January 2024 with a commercial partner. As at the reporting date, the guarantee due from the Company amounted to £77,054 (2024: £77,054).”
• “HSBC have a debenture including the fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future dated 19 July 203. Plant assets included in the HSBC fixed charge dated 19 July 2013 have been released on 16 March 2023. On 16 March 2023, the assets were entered into a fixed charge entitling Johnson Matthey.”

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

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +24.3%

  £1,684,042 → £2,093,299

• Cash

  -84.5%

  £1,715,875 → £265,851

• Net assets

  -83.2%

  £1,653,575 → £278,091

• Employees

  +10%

  20 → 22

• Operating profit

  +84.5%

  -£253,109 → -£39,250

• Profit before tax

  +71%

  -£273,938 → -£79,334

• Wages

  +19.6%

  £718,796 → £859,330

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