ENSCO 1772 LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared detailed cash flow forecasts which show that after considering reasonable downside scenarios, the group has sufficient funds to support their activities and meet their liabilities as they fall due based on forecasted trading levels and that the funding is held for a period of at least 12 months from the date of signing these financial statements. On the basis set out above, the directors continue to adopt the going concern basis of preparation for these financial statements.”

Group structure

1. ENSCO 1772 LIMITED · parent
   1. Ensco 1066 Limited 100% · England · Holding company
   2. Mills CNC Limited 100% · England · Marketing, distribution and after sales servicing of CNC machine tools
   3. Mills CNC Finance Limited 100% · England · Finance provider for the purchase of machine tools
   4. Mills CNC Automation Limited 100% · England · Marketing, distribution and after sales servicing of CNC machine tools (dormant company)

Significant events

• “On the date of signing these accounts the group are at the advanced stages of updating their facilities with HSBC UK Bank Plc. This involves the creation of a new term loan, amortising over 3 years, to settle the remainder of the outstanding term loan debt due to HSBC UK Bank Plc that will fall due in October 2025. It also enables the settlement of the Loan Note A's on their first available payment date, also in October 2025. The remaining Loan Note B's will be settled at the earliest opportunity in line with creation of free cash beyond the operational and already committed liquidity requirements of the group.”

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

  -15.8%

  £76,820,204 → £64,660,747

• Cash

  -35.2%

  £10,866,798 → £7,037,803

• Net assets

  +28.9%

  £7,983,648 → £10,292,459

• Employees

  +3%

  135 → 139

• Operating profit

  -43.8%

  £7,694,628 → £4,320,684

• Profit before tax

  -49%

  £5,575,556 → £2,846,136

• Wages

  -4.1%

  £9,694,004 → £9,292,335

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