SERIMAX LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SERIMAX LIMITED 2007-01-09 → present
2. UMAX LIMITED 1981-01-05 → 2007-01-09

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

A9 Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As discussed in note 1 to the financial statements, having assessed the financial position of the company and its future prospects, including the continuing availability of funding support from the Group (through a letter of support), the director considers the company has access to appropriate resources to allow it to continue in operational existence for at least 12 months from the date of signing the financial statements. Accordingly, the going concern basis continues to be adopted in the preparation of the financial statements.”

Group structure

1. SERIMAX LIMITED · parent
   1. Serimax Angola Limited 100% · Pipeline Fabrication

Significant events

• “The global Serimax Group was sold by Vallourec in July 2025, with Aldebaran Capital Partners becoming the majority shareholder.”
• “On 14th April 2025 Vallourec announced it had entered into exclusive negotiations with Aldebaran, a French investment company, for the sale of Serimax, Vallourec's subsidiary specializing in welding solutions. The sale was successfully concluded in July 2025 Aldebaran Capital purchased Serimax group from Vallourec and are the key shareholders.”
• “The Cyprus branch after a process of being deregistered, due to cessation of activities, was officially closed in February 2026.”

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

Filings

7

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

  -8.2%

  £20,679,157 → £18,978,923

• Cash

  -90.7%

  £4,029 → £373

• Net assets

  +28.3%

  -£3,202,834 → -£2,294,984

• Employees

  -5.5%

  110 → 104

• Operating profit

  +138.1%

  £595,045 → £1,416,749

• Profit before tax

  +937%

  £89,078 → £923,744

• Wages

  -5%

  £9,261,641 → £8,799,891

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