METAL PROVING SERVICES 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

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 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The Company has a net worth of £230,311. The Company participates in the Group's centralised treasury arrangements and so is able to call upon the treasury facilities. The Directors have prepared cash flow forecasts for a period of twelve months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the Company will have sufficient funds, generated either by its own trading performance or, if and when required, funding from its ultimate parent company, Goodwin PLC to meet its liabilities as they fall due for that period. These forecasts are dependent on Goodwin PLC not seeking repayment of the amounts currently due to the Group, which at 30 April 2025, amounted to £89,535 and providing additional financial support during that period, as and when required by the Company. The Directors of Goodwin PLC have indicated their intention to continue to make available such funds as are needed by the Company, and that they do not intend to seek repayment of the amount due at the balance sheet date, for the period covered by the forecasts. As with any company placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “The pre-tax profit was £151,657, which equates to a 33% operating profit for the Company (2024: pre-tax loss of £44,044). This year's improved performance has been due to the increase of material testing required for programmes of national importance from its core customer, Goodwin Steel Castings Limited. With several long-awaited customer approvals now secured, the Company's performance has progressed without interruption during the year and is expected to continue, supported by multi-year contracts, that relate to multi-decade programmes.”

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

Filings

2

last 12 months

Capital events

0

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

  +95.8%

  £232,142 → £454,647

• Cash

  +236.8%

  £630 → £2,122

• Net assets

  +97.6%

  £116,568 → £230,311

• Employees

  0%

  5 → 5

• Operating profit

  +444.3%

  -£44,044 → £151,657

• Profit before tax

  +444.3%

  -£44,044 → £151,657

• Wages

  +5.5%

  £104,040 → £109,814

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