VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED

1. VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED 2018-06-25 → present
2. TEREX EQUIPMENT LIMITED 1984-04-11 → 2018-06-25
3. TEREX(1984) LIMITED 1984-01-19 → 1984-04-11

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis as stated in note 2.1 to the financial statements. In making this assessment the directors have considered the financial performance and position of the Company and its future prospects as set out in the Strategic report. The Company has no external debt.”

Significant events

• “Demand within the construction equipment sector declined significantly during 2024 for both articulated and rigid hauler dump trucks when compared to the prior year.”
• “Total production volumes reducing by almost 33% year on year from 419 trucks built in 2023 up to 281 trucks produced during 2024.”
• “Movement in revenue - 48% decrease in 2024 (2023: 43% increase).”
• “Sales volumes of articulated and rigid trucks decreased by 43% year on year in all key markets.”
• “Inventory values increased by 26.4% year on year.”
• “Net assets increased by approx. £4.7 million due to increase in inventory holdings offset by lower third party accounts receivable balances and significantly lower trade payables balances.”

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

Filings

6

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

  -48.1%

  £160,051,000 → £83,036,000

• Cash

  -20%

  £5,000 → £4,000

• Net assets

  +4.6%

  £96,285,000 → £100,747,000

• Employees

  -9%

  402 → 366

• Operating profit

  -10.5%

  £5,834,000 → £5,219,000

• Profit before tax

  -26.3%

  £7,276,000 → £5,360,000

• Wages

  -5.2%

  £15,950,000 → £15,125,000

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