ALEXANDER DENNIS LIMITED

1. ALEXANDER DENNIS LIMITED 2004-05-21 → present
2. DMWS 662 LIMITED 2004-05-18 → 2004-05-21

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 ultimate parent company, NFI Group Inc has confirmed that it will provide financial support to the company for at least one year from the date of signing these financial statements. While considering the ability of the ultimate parent company to provide financial support, the directors, have reviewed the 2024 and 2025 Q2 operating results and financial performance of NFI Group Inc. released to the market as well as representations and initiatives of NFI Executive Leadership. The Directors have further relied on forward looking assessments provided by NFI Group Inc and are satisfied that the ultimate parent company is able to provide the necessary financial support. Based on the above, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future being a period of at least 12 months from the date of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. ALEXANDER DENNIS LIMITED · parent
   1. Alexander Dennis (Asia Pacific) Limited 100% · Hong Kong · Sale of buses and related aftermarket activities
   2. Plaxton Holdings Limited 100% · UK · Holding company
   3. Plaxton Limited 100% · UK · Dormant company
   4. Alexander Dennis (New Zealand) Limited 100% · New Zealand · Sale of buses and related aftermarket activities
   5. Alexander Dennis Australia Pty Limited 100% · Australia · Holding company
   6. Alexander Dennis (Singapore) Service Pte Ltd 100% · Singapore · Sale of buses and related aftermarket activities
   7. Alexander Dennis (Malaysia) Sdn Bhd 100% · Malaysia · Sale of buses and related aftermarket activities
   8. Alexander Dennis Germany GMBH 100% · Germany · Sale of buses and related aftermarket activities
   9. Alexander Dennis Mexico S.A. de C.V. 100% · Mexico · Sale of buses and related aftermarket activities
   10. Servicios ADLTD Mexico, S.A. de C.V. 100% · Mexico · Provision of services

Significant events

• “There were £11.2m contingent liabilities in relation to indemnities provided to Bank of Scotland and HSBC as at 29 December 2024 (2023: £11.6m) for performance bonds and advance payment guarantees. There are also contingent liabilities in relation to indemnities provided to customers to the value of £17.5m (2022: £23.2m) for guarantees of performance obligations.”
• “In February 2025, 63 production-based employees located at the company's Scarborough site accepted voluntary redundancy via settlement agreement. The associated costs totalled a value of around £1.7m and were incurred and cash-settled in Q1-2025.”
• “In May 2025, NFI Group Inc. (ultimate parent company of Alexander Dennis Limited) entered a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845m, which includes $300m in letter of credit availability.”
• “Until June 2025, the company and Big Rig Manufacturing Inc ("BRM") were working together in partnership to operate a bus manufacturing site in Las Vegas. In June 2025, the company and BRM mutually agreed to end their subcontract agreement... Alexander Dennis Inc would purchase the BRM plant and machinery and take on the employment of the existing workforce. This transaction was determined to be an asset purchase rather than a business combination. The total monetary value associated with the transaction was £2.1m.”
• “In June 2025, the company announced its proposal to close both of its Scottish manufacturing sites in Larbert and Falkirk. This proposal led to 400 job roles being placed at risk of redundancy... Following an extended period of negotiation... it was announced on 15 September 2025 that the company would be retaining its Scottish manufacturing sites... A small number of roles were made redundant during the consultation phase between June and September 2025.”

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

Filings

20

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

  +13.9%

  £457,814,000 → £521,248,000

• Cash

  -34.9%

  £12,600,000 → £8,201,000

• Net assets

  +279.1%

  -£20,505,000 → £36,726,000

• Employees

  -0.1%

  1,939 → 1,938

• Operating profit

  +93.4%

  -£6,806,000 → -£448,000

• Profit before tax

  0%

  -£10,133,000 → -£10,136,000

• Wages

  +0.3%

  £83,977,000 → £84,224,000

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