SERVICES MACHINERY & TRUCKS LTD

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 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors of the business have reviewed the Company's detailed forecast cash flows for the forthcoming 12 months from the date of the approval of the financial statements. These cash flow forecasts and re-forecasts are prepared regularly as part of the business planning process. These have been subjected to stress testing, scenario modelling and sensitivity analysis, which the directors consider sufficiently robust. In each scenario, the Company continues to have sufficient cash available to meet its working capital requirements via inventory floorplan financing and revolving credit facility. SMT Holding SA have provided a loan facility to support the Company with acquisitions that they will not call upon for 12 months from date of signing. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. SERVICES MACHINERY & TRUCKS LTD · parent
   1. Agg Pro Ltd 100% · England · Industrial equipment supply and support
   2. Didcot Property (SMT) Ltd 100% · England · Buying and selling of own real estate
   3. Reginald Ltd 100% · England · Buying and selling of own real estate

Significant events

• “In 2024, Dynapac Road Equipment selected the company as its exclusive dealer for its road machinery product line-up in Great Britain.”
• “The company acquired the AggPro Ltd Group in 2024. AggPro Ltd is a specialist in the supply and support of crushing, screening, washing and recycling equipment across the UK.”
• “Further borrowing facilities have been set up since 31st December 2024 as per note 25 Post Balance-sheet events.”
• “On 26th October 2024, the Company completed the acquisition of 100% of the shares of Agg Pro Ltd, for a total consideration of £10,166,667.”
• “On 30th October 2024, the Company acquired 100% of the shares of Didcot Property (SMT) Ltd, for a total consideration of £1,764,766.”
• “The Company set up Reginald Ltd on 22nd October 2024, with 100% of shareholding, value £1.”
• “On 27th March 2025, the Company signed a non-recourse factoring agreement with Societe Generale.”
• “On 29th April 2025, the Company signed an Inventory funding agreement with Volvo Financial Services to extend across parts.”

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

0

last 12 months

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

• Turnover

  -22.1%

  £369,587,000 → £287,797,000

• Cash

  -33%

  £1,742,000 → £1,168,000

• Net assets

  +8.2%

  £45,404,000 → £49,119,000

• Employees

  +1%

  503 → 508

• Operating profit

  -52.1%

  £17,018,000 → £8,157,000

• Profit before tax

  -67.4%

  £12,344,000 → £4,019,000

• Wages

  -0.4%

  £25,486,000 → £25,383,000

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