VELAN VALVES LIMITED
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Cash
£776k
+3.5% vs 2024
Net assets
£12m
-0.2% vs 2024
Employees
1
0% vs 2024
Profit before tax
-£52k
-100.4% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£39,288 | -£63,256 | -61% | |
| Profit before tax | £12,029,319 | -£51,717 | -100.4% | |
| Net profit | £12,014,819 | -£56,967 | -100.5% | |
| Cash | £749,566 | £775,959 | +3.5% | |
| Total assets less current liabilities | £12,083,991 | £12,047,274 | -0.3% | |
| Net assets | £12,430,900 | £12,409,933 | -0.2% | |
| Equity | — | — | — | |
| Average employees | 1 | 1 | 0% | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Return on capital employed | -0.3% | -0.5% | |
| Gearing (liabilities / total assets) | -2.5% | -2.5% | |
| Current ratio | 19.74x | 13.98x |
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.
Name history
Renamed 1 time since incorporation
- VELAN VALVES LIMITED 2000-02-03 → present
- VELAN ENGINEERING COMPANY LIMITED 1954-08-20 → 2000-02-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- UHY Hacker Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company ceased trade from 31 August 2016. The Company subsequently focused on collection and payment of any outstanding trade receivables and trade payables balances respectively. The Company has adequate resources to continue in existence for the foreseeable future and therefore the directors believe that preparing the financial statements on the going concern basis is appropriate.”
Group structure
- VELAN VALVES LIMITED · parent
- Velan SAS 100%
- Velan GmbH 52.07%
- Segault S.A. 100%
Significant events
- “Velan Inc. announced on March 31st 2025 the closing of the sale, by Velan Valves Limited, of 100% of the share capital and voting rights of its French subsidiaries, Segault SAS and Velan S.A.S., to Framatome SAS, for a purchase price of US$184.1 million (€170 million), with the benefit of the transfer of an intercompany loan of US$24.4 million (€22.5 million), for total consideration to the Company of US$208.4 million (€192.5 million) (the "France Transaction"), which was previously announced by the Company on January 14, 2025.”
- “Velan plans to use a portion of the proceeds from the France Transaction to fund the permanent divestiture of its asbestos-related liabilities to an affiliate of Global Risk Capital at a cost to the Company of US$143 million (the "Asbestos Divestiture Transaction" and, together with the France Transaction, the "Transactions"). The closing of the Asbestos Divestiture Transaction was completed at the beginning of April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APEX TRUST CORPORATE LIMITED | Corporate Secretary | 2016-10-28 | — | — |
| ELIPULIKATTU, Thomas | Director | 2024-03-25 | Jul 1985 | Canadian |
| FERNANDES, Martin | Director | 2019-12-16 | Dec 1962 | British |
| WINGERATH, Stefan | Director | 2010-07-15 | Apr 1974 | German |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEXTER, Alan Edward | Secretary | — | 1999-09-30 |
| LOWE, Brian Thomas, Mr. | Secretary | 2011-09-21 | 2016-10-28 |
| SMITH, Richard Andrew | Secretary | 1999-10-01 | 2011-09-21 |
| BALL, John David | Director | 2005-12-31 | 2022-09-14 |
| FARRELL, Stephen Richard | Director | 2003-12-01 | 2005-12-31 |
| HALL, Brian Philip | Director | 1999-11-22 | 2008-04-21 |
| MAAR, Wolfgang | Director | 2012-02-01 | 2019-12-16 |
| MAAR, Wolfgang | Director | 2006-02-17 | 2008-07-15 |
| NATAF, Emanuel | Director | 2024-02-12 | 2024-03-25 |
| SCOTT, Helen Peebles | Director | — | 2000-03-01 |
| SHARMA, Rishi | Director | 2023-11-30 | 2024-02-12 |
| SMITH, John Graham | Director | — | 2000-03-01 |
| SOSSOYAN, Raffi | Director | 2022-09-14 | 2023-10-13 |
| VELAN, Adolf Karel | Director | — | 2015-12-14 |
| VELAN, Peter Otto | Director | — | 2003-12-01 |
| VELAN, Robert Noel | Director | 2008-08-15 | 2010-08-16 |
| VELAN, Thomas Charles | Director | — | 2018-03-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Thomas Charles Velan | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 176 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | CH01 | officers | Change person director company with change date | |
| 2024-11-27 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-18 | AA | accounts | Accounts with accounts type full | |
| 2024-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | AA | accounts | Accounts with accounts type full | |
| 2023-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-22 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-03-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.