AMG ALUMINUM UK LIMITED

• ⚠

  Material uncertainty over going concern

  As explained in note 1, the directors do not believe it is appropriate to prepare these financial statements on a going concern basis.

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

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As explained in note 1, the directors do not believe it is appropriate to prepare these financial statements on a going concern basis.”

Significant events

• “In the fourth quarter of 2024 the Company began to experience lower demand and market pricing for its products. In February 2025 it became clear that the aluminium market continued to be in a severe depression resulting in the Company having a high inventory position. A decision was made to significantly reduce production levels on the 12th February to reduce the high inventory levels to match continuing lower demand. This resulted in half of the workforce being placed on furlough for a period of 6 weeks. A formal consultation process with employees commenced in late February 2025 to review the potential closure of production at the Rotherham site and to also consider alternative plans. At the end of the consultation process the decision was made to close the production operations in the UK. The continued production in the UK was deemed not financially viable under the continuing current market conditions. 49 employees were made redundant with most employees leaving in April 2025. The plant is in the process of being decommissioned.”
• “Further to the closure of production operations in 2025 an impairment review was undertaken with respect to the assets and liabilities recorded at 31 December 2024. Exceptional costs of £2,149k were recorded in the statement of profit and loss for the year ended 31 December 2024 as a result of the review (Note 4).”
• “The sales of products sourced from other AMG Aluminum group companies is continuing but will in future be transferred to AMG Chrome Limited. The company will subsequently be wound up in an orderly manner.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -0.9%

  £29,993,328 → £29,718,310

• Cash

  -10.3%

  £4,977,761 → £4,464,789

• Net assets

  -9.8%

  £10,976,279 → £9,902,891

• Employees

  0%

  49 → 49

• Operating profit

  -546.1%

  £381,023 → -£1,699,778

• Profit before tax

  -250.4%

  £952,557 → -£1,432,913

• Wages

  -1.9%

  £1,908,080 → £1,872,498

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