HOWCO GROUP PLC

1. HOWCO GROUP PLC 2004-11-18 → present
2. HOWCO WHITHAM PLC 2001-09-28 → 2004-11-18
3. HOWCO MATERIALS MANAGEMENT PLC 1997-04-22 → 2001-09-28
4. HOWCO U.K. LIMITED 1995-02-23 → 1997-04-22
5. HOWCO (STAINLESS & ALLOY) LIMITED 1982-08-23 → 1995-02-23

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

IFRS (FRS 101 RDRF)

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease operations, and as they have concluded that the Company's financial position means that this is realistic. They also considered that there are no material uncertainties that could have cast significant doubt over the ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. HOWCO GROUP PLC · parent
   1. Howco Metals Management Limited 100% · Glasgow · Ordinary shares; dormant
   2. Howco Special Processing Limited 100% · Glasgow · Ordinary shares; dormant
   3. Howco Oilfield Services Limited 100% · Sheffield · Ordinary shares; dormant
   4. Howco Quality Alloys Limited 100% · Sheffield · Ordinary shares; dormant
   5. Howco Offshore Services FZE 100% · Fujairah, UAE · Ordinary shares

Significant events

• “Subsequent to the year end balance sheet date, the directors have identified opportunities for consolidation of the Company's operations and on 28th June 2025, the proposed closure of the steel distribution site in Cumbernauld Scotland was announced which will be to affect by efficiency cost savings from consolidation of the current business into the existing Sheffield, England facility within a short period. The directors expect a gain from the proposed sale of the Cumbernauld site following closure.”

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

1

last 12 months

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

• Turnover

  -21%

  £192,592,000 → £152,225,000

• Cash

  —

  Not reported

• Net assets

  -47.6%

  £49,235,000 → £25,799,000

• Employees

  -5.7%

  401 → 378

• Operating profit

  -23.3%

  £15,071,000 → £11,562,000

• Profit before tax

  -30.4%

  £14,078,000 → £9,805,000

• Wages

  -4.7%

  £18,605,000 → £17,726,000

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