PICON OVERSEAS 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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the Company's financial position and relevant enquiries, the Directors have no reason to believe that a material uncertainty exists that may cast significant doubt on the ability of the Company to continue as a going concern.”

Group structure

1. PICON OVERSEAS LIMITED · parent
   1. Alliance Construction Materials Limited 0.5% · Hong Kong · Investment holding company
   2. Pioneer Overseas Investments Limited 1% · Guernsey · Investment holding company
   3. ACHKC Joint Venture 0.25% · China
   4. AGC JV 0.25% · China
   5. AHK Aggregates Ltd. 0.3175% · China
   6. AHK Concrete Ltd 0.25% · China
   7. Anche Holdings Inc. 1% · Panama
   8. Anderson Concrete Ltd 0.5% · China
   9. Asia Stone Co Ltd 0.5% · China
   10. Boom Victory Investments Ltd 0.25% · British Virgin Islands
   11. Concrete Services Ltd 0.5% · China
   12. Hong Kong Concrete - Anderson Concrete JV 0.25% · China
   13. K. Wah Construction Products (Shenzhen) Company Limited 0.25% · China
   14. K.Wah Materials (Huidong) Ltd 0.25% · China
   15. K.Wah Materials and Development (Huidong) Co Ltd 0.25% · British Virgin Islands
   16. Latent Developments Limited 0.25% · British Virgin Islands
   17. Pioneer International Overseas Corporation 1% · British Virgin Islands
   18. Pioneer Quarries (Hong Kong) Limited 0.5% · China
   19. Shek O Quarry Limited 0.5% · China
   20. Winning Harvest Limited 0.35% · China
   21. Zhuhai City Asia Stone Trading Co Ltd. 0.5% · China
   22. Zhuhai Hengqin Alliance Trading Co. Ltd 0.5% · China

Significant events

• “On 4 September 2024 the Company declared a dividend in specie of £132,275,000 which was satisfied by the assignment of an intercompany receivable of £132,275,000 owed by Houserate Limited.”
• “On 14 November 2024 the Company paid a cash dividend of £244,000,000.”
• “Dividends totalling £376,275,000 (2023 - £nil) were paid during the year.”

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -96.9%

  £203,785,000 → £6,247,000

• Employees

  —

  Not reported

• Operating profit

  +83.3%

  -£6,000 → -£1,000

• Profit before tax

  +888.5%

  £18,082,000 → £178,737,000

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