HOVAL LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  -38.1%

  £14,589,181 → £9,025,429

  lowest in 4 filed years

• Cash

  -18.4%

  £426,214 → £347,889

• Net assets

  -47.8%

  £2,591,961 → £1,351,964

  lowest in 4 filed years

• Employees

  -27.1%

  85 → 62

  lowest in 4 filed years

• Operating profit

  -686.9%

  £294,476 → -£1,728,215

  lowest in 4 filed years

• Profit before tax

  -715.4%

  £281,587 → -£1,732,995

  lowest in 4 filed years

• Wages

  -3.1%

  £3,505,279 → £3,396,046

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

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.

1. HOVAL LIMITED 1990-04-10 → present
2. HOVAL FARRAR LIMITED 1977-12-31 → 1990-04-10
3. HOVAL-FARRAR BOILERS LIMITED 1957-10-31 → 1977-12-31

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Rödl & Partner Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, which the directors believe is appropriate. The ultimate parent company, Interhoval AG, has undertaken to continue its financial support of the company to enable it to meet its liabilities as they fall due. The directors are confident that the company will return to profitability within the coming years based on current plans and projections and continue to receive the full support of the parent company.”

Significant events

• “Subsequent to year end, the portion of the company's land and buildings and majority of the plant and machinery have been disposed.”
• “During this financial year we sadly had to close our boiler works in Newark. The products produced locally now no longer fit into todays' market, being lower efficiency boilers for the commercial and industrial market. This coupled with the, as mentioned above, economic stasis left us with no option.”

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

Filings

3

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.