CLYDESDALE ENGINEERING LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

1. CLYDESDALE ENGINEERING LIMITED 2024-03-07 → present
2. SHIFTEC (WILLENHALL) LIMITED 2020-06-09 → 2024-03-07
3. LIBERTY ENGINEERING (WILLENHALL) LIMITED 2019-03-05 → 2020-06-09
4. LIBERTY TUBE FITTINGS LIMITED 2015-12-23 → 2019-03-05
5. OCTAVIO INDUSTRIES LTD 2015-12-08 → 2015-12-23

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In light of the above the director has concluded that there are sufficient cash resources available for the Company to continue to trade and meet its debts and obligations as they fall due for a period of net less than 12 months from the approval of the financial statements.”

Group structure

1. CLYDESDALE ENGINEERING LIMITED · parent
   1. Accles & Pollock Limited · fellow subsidiary

Significant events

• “On 7 March 2024 the Company changed its name from Shiftec (Willenhall) Limited to Clydesdale Engineering Limited.”
• “At the end of November 2024, the Company acquired the trade, assets, liabilities and contracts of a fellow subsidiary company, Accles and Pollock Limited.”
• “On 14 May 2021 the serious Fraud Office (SFO) announced an investigation into the suspected fraud, fraudulent trading and money laundering concerning the financing and conduct of business of the companies within the Gupta Family Group Alliance (GFG), which includes the ultimate parent company the Company, including its financing arrangements with Greensill Capital (UK) limited.”
• “In December 2024, the company entered into a novation agreement with two fellow subsidiary undertakings to transfer an intercompany receivable of £1,456,385 from one fellow subsidiary to the other. Following this transfer, the company declared a dividend in specie of £1,456,385 consisting of the intercompany receivable.”
• “In March 2025, the Company and its intercompany creditors within the ultimate parent group principally arising following the above acquisition entered into various debt transfer agreements to consolidate its group loan position. The resulting balance arising from the above consolidation was capitalised and 5,876,821 ordinary shares of £1 each were issued to the immediate parent company at par.”

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

1

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

  +8.4%

  £15,059,409 → £16,318,511

• Cash

  +21.5%

  £146,644 → £178,208

• Net assets

  +2.6%

  £4,679,276 → £4,801,709

• Employees

  +3.1%

  128 → 132

• Operating profit

  +131.1%

  -£111,954 → £34,823

• Profit before tax

  +242.3%

  £48,277 → £165,263

• Wages

  +7.9%

  £3,314,576 → £3,575,681

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