FTV PROCLAD INTERNATIONAL LIMITED

Net assets

6-year trend · vs Industrials median

FTV PROCLAD INTERNATIONAL LIMITED·Industrials median · n=14227

Accounts

6-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30

Metric	2020-11-30	2021-11-30	2022-11-30	2023-11-30	2024-11-30	2025-11-30	Δ vs prior
Turnover	£9,645,210	£9,465,702	£8,657,905	£11,041,398	£12,413,713	£8,423,481	-32.1%
Operating profit	-£1,667,073	-£2,046,155	—	£128,078	£1,006,012	-£1,167,295	-216%
Profit before tax	-£1,782,471	-£2,168,982	-£812,110	£296,470	£844,221	-£1,251,816	-248.3%
Net profit	—	—	—	£296,470	£488,875	-£1,251,816	-356.1%
Cash	£51,023	£4,316	£53,146	£7,637	£1,012,953	£441,599	-56.4%
Total assets less current liabilities	-£3,639,720	-£4,772,685	-£5,770,733	£8,812,709	£8,761,193	£6,572,204	-25%
Net assets	—	—	—	£6,381,005	£6,835,706	£5,583,890	-18.3%
Equity	£1,713,896	-£5,972,318	-£6,727,290	£6,381,005	£6,835,706	£5,583,890	-18.3%
Average employees	111	113	109	104	115	109	-5.2%
Wages	£4,288,916	£4,387,247	£3,948,645	£4,210,332	£4,570,423	£3,791,452	-17%
Directors' remuneration	£75,457	£71,112	£65,206	£138,899	£176,990	£70,772	-60%
Directors' pension contributions	£NaN	£NaN	£NaN	£24,772	£52,800	£35,060	-33.6%

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	2020-11-30	2021-11-30	2022-11-30	2023-11-30	2024-11-30	2025-11-30
Operating margin	-17.3%	-21.6%	—	1.2%	8.1%	-13.9%
Net margin	—	—	—	2.7%	3.9%	-14.9%
Return on capital employed	—	—	—	1.5%	11.5%	-17.8%
Gearing (liabilities / total assets)	—	—	—	43.3%	69.5%	74.6%
Current ratio	—	—	—	0.62x	0.72x	0.48x
Interest cover	—	—	—	6.64x	6.22x	-13.81x

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.

Name history

Renamed 5 times since incorporation

FTV PROCLAD INTERNATIONAL LIMITED 2008-01-10 → present
PROCLAD INTERNATIONAL LIMITED 2002-01-03 → 2008-01-10
BI MARINE & OFFSHORE LIMITED 1995-07-18 → 2002-01-03
BROMSGROVE MARINE & OFFSHORE LIMITED 1992-03-25 → 1995-07-18
JAMES NAYLOR (NUMBER TWO) LIMITED 1985-07-05 → 1992-03-25
JAMES NAYLOR LIMITED 1975-05-20 → 1985-07-05

Audit & accounting basis

Accounting basis: FRS 101
Reporting scope: Standalone (parent only)
Auditor: Johnston Carmichael LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The financial statements have been prepared on the going concern basis. ... The directors have prepared detailed Group cashflow projections out to September 2027 that demonstrate that the company can meet its obligations as they fall due. ... Having considered these scenarios, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors are of the opinion that the company can meet its obligations as they fall due and have prepared the financial statements on a going concern basis.”

Group structure

FTV PROCLAD INTERNATIONAL LIMITED · parent
1. Iods Pipe Clad Limited 100% · United Kingdom

Significant events

“A further positive development has been the continued integration of IODS Pipe Clad Limited, acquired in March 2024 into the wider Group.”

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

People

2 active · 33 resigned

Name	Role	Appointed	Born	Nationality
MOSHEN, Yaseen Mohammed Jaafar Mohammed	Director	2004-12-20	Jan 1960	Bahraini
PENMAN, Mark Anderson	Director	2020-04-24	Sep 1970	British

Show 33 resigned officers

Name	Role	Appointed	Resigned
ADAMS, Mark Andrew	Secretary	1993-02-22	1994-02-28
GRAY, Tracey Louise	Secretary	2005-04-22	2008-06-12
HAYES, Stephen Hedley	Secretary	—	1993-02-22
MILES, Tracy	Secretary	1999-11-12	2004-03-31
RODGER, Alan Mcintosh	Secretary	2004-03-31	2005-04-22
WAIN, Stephen Gerrard	Secretary	1994-02-28	1999-11-12
ARBON, David	Director	2011-04-01	2012-04-06
BEVERIDGE, Steven	Director	2002-01-22	2006-04-14
BIRNIE, James Reid	Director	2017-11-27	2018-11-30
CARDNO, John Stephen	Director	2016-06-01	2017-04-28
CARVER, Keith	Director	2015-04-06	2016-04-06
DUHRE, Gurdial Singh	Director	2005-04-22	2006-04-26
GATHERER, Catherine Louise Maciocia	Director	2000-01-17	2002-01-25
GORDON, John Edward Douglas	Director	2006-06-09	2011-03-31
HAYES, Stephen Hedley	Director	—	2004-03-10
IRVING, Campbell	Director	—	1994-08-08
IRVING, Raymond Thomas	Director	2005-06-01	2006-07-31
JONES, Robert Norman	Director	—	1994-02-18
MACPHERSON, Duncan Campbell Neil	Director	—	2004-09-13
MACRAE, Colin	Director	2012-03-01	2014-09-29
MCDOUGALL, Duncan Dargie	Director	2004-09-08	2014-09-30
MILLS, Steven Geoffrey	Director	—	1994-09-08
NEILL, David	Director	1996-06-12	2009-12-31
NEILL, William	Director	2002-12-03	2005-04-01
PENMAN, Mark Anderson	Director	2011-08-11	2018-12-03
RODGER, Alan Mcintosh	Director	—	2016-01-08
ROTTACH, Alessandro Bernardo Agostino	Director	2018-07-02	2018-07-02
ROTTACH, Alessandro Bernardo Agostino	Director	2018-07-02	2021-01-26
SHEPHERD, Alexander Ben	Director	1994-04-30	1995-11-02
SHEPHERD, Derek	Director	2018-07-02	2019-05-31
VALLANCE, Donald	Director	1992-10-01	1995-06-30
WAIN, Stephen Gerrard	Director	1999-12-14	2004-03-31
WILSON, James Donald Gilmour	Director	2018-12-03	2025-12-10

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Scotar Group Limited	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-07-01	Active

Filing timeline

Last 20 of 224 total filings

Material constitutional events — rename, articles re-file, resolution

2023-07-12 MA Memorandum articles
2023-07-12 RESOLUTIONS Resolution

Date	Type	Category	Description
2026-08-31	AA	accounts	Accounts with accounts type full	PDF
2026-04-04	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-04-01	CH01	officers	Change person director company with change date
2025-12-10	AA	accounts	Accounts with accounts type full	PDF
2025-12-10	TM01	officers	Termination director company with name termination date	PDF
2025-01-27	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-05-31	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-05-30	AA	accounts	Accounts with accounts type full	PDF
2023-08-31	AA	accounts	Accounts with accounts type full	PDF
2023-07-12	MA	incorporation	Memorandum articles
2023-07-12	RESOLUTIONS	resolution	Resolution
2023-07-05	MR04	mortgage	Mortgage satisfy charge full
2023-07-05	MR04	mortgage	Mortgage satisfy charge full
2023-06-29	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2023-06-27	PSC05	persons-with-significant-control	Change to a person with significant control	PDF
2023-05-30	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2023-05-25	PSC05	persons-with-significant-control	Change to a person with significant control	PDF
2023-05-25	CS01	confirmation-statement	Confirmation statement with updates	PDF
2023-01-12	AA	accounts	Accounts with accounts type full	PDF
2022-06-27	CS01	confirmation-statement	Confirmation statement with no updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 5
Capital events: 0
Officers appointed: 0
Officers resigned: 1

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