RESOURCE ENGINEERING LIMITED
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Cash
£135k
+42.1% vs 2024
Net assets
-£8.4m
-16% vs 2024
Employees
—
Average over period
Profit before tax
-£1.3m
-55% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The provision for tax liabilities recognised on the balance sheet involves significant uncertainty regarding both the amount and timing of future payments While management believe the company will be able to settle the exposure, there remains a risk that the outcome could differ from the amount provided and that this outcome exceeds a value that the company has the resources to settle Therefore these events and conditions represent a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£337,000 | -£2,616,000 | -676.3% | |
| Profit before tax | -£869,000 | -£1,347,000 | -55% | |
| Net profit | -£900,000 | -£1,531,000 | -70.1% | |
| Cash | £95,000 | £135,000 | +42.1% | |
| Total assets less current liabilities | £6,284,000 | -£8,361,000 | -233.1% | |
| Net assets | -£7,207,000 | -£8,361,000 | -16% | |
| Equity | -£7,207,000 | — | — | |
| Average employees | — | — | — | |
| 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 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|
| Return on capital employed | -5.4% | — | |
| Gearing (liabilities / total assets) | 193.1% | 249.9% | |
| Current ratio | 0.40x | 0.19x | |
| Interest cover | -0.63x | -4.96x |
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
- RESOURCE ENGINEERING LIMITED 2025-10-30 → present
- FIRCROFT ENGINEERING SERVICES LIMITED 1978-12-18 → 2025-10-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The provision for tax liabilities recognised on the balance sheet involves significant uncertainty regarding both the amount and timing of future payments While management believe the company will be able to settle the exposure, there remains a risk that the outcome could differ from the amount provided and that this outcome exceeds a value that the company has the resources to settle Therefore these events and conditions represent a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business”
Group structure
- RESOURCE ENGINEERING LIMITED · parent
- Fircroft Azerbaijan LLC 100%
- Fircroft Caspian Services LLC 100%
- Fircroft Engineering Services Limited SARL 100%
- Fircroft Kenya Limited 100%
- Fircroft Qatar LLC 49%
- Fircroft South Africa Pty Ltd 100%
- Fircroft Tanzania Limited 100%
- NES Fircroft (Thailand) Co Limited 49%
- NES Fircroft Engineering (Thailand) Limited 49%
- Professional Laboratory Services Limited 100%
Significant events
- “On the 30 October 2025, the company changed its name from Fircroft Engineering Services Limited, to Resource Engineering Services Limited”
- “On 30 September 2024, the NES Global Talent group secured committed funding via a secured bond, totalling $350,000,000 (equivalent to £269,000,000) The bond was listed on the Euronext Oslo Bors exchange in July 2025 and is due for repayment in 2029”
- “The company was removed as a guarantor from the bond and banking facilities as of 13 October 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUCKLEY, Stephen William | Director | 2020-09-18 | Mar 1968 | British |
| COTON, Simon Francis | Director | 2020-09-18 | Feb 1974 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COGAN, Andrew Philip | Secretary | 2012-06-21 | 2015-03-04 |
| JOHNSON, John Morton | Secretary | — | 2012-06-21 |
| MORRISON, Louise | Secretary | 2015-03-04 | 2020-09-18 |
| ANDREWS, Gregory Mark | Director | 2020-05-12 | 2020-09-18 |
| BARBER, Michael Allan | Director | 2003-03-03 | 2006-11-30 |
| COHEN, Michael | Director | 1995-05-01 | 2020-09-18 |
| DODDS, Steven Bewsher | Director | — | 1994-06-13 |
| GILES, Clive Alan | Director | 1993-06-30 | 2013-04-25 |
| HALL, Stuart Andrew | Director | 2013-09-02 | 2019-06-11 |
| HUGHES, Keith | Director | 2007-03-01 | 2020-09-18 |
| JOHNSON, Elaine | Director | — | 2012-06-21 |
| JOHNSON, John Morton | Director | — | 2020-09-18 |
| JOHNSON, Johnathan James | Director | 2003-03-03 | 2024-06-19 |
| JONES, Ronald | Director | — | 2012-06-21 |
| MENGER, Christophe Joel Jean-Pierre | Director | 2020-01-13 | 2020-09-18 |
| TRIGGS, Glenn Phillip | Director | 2019-09-19 | 2020-09-18 |
| URPI, John Anthony | Director | 1996-03-01 | 2007-04-18 |
| WATT, Claire Louise | Director | 2019-09-16 | 2020-06-19 |
| WILLIAMS, Leonie Deborah | Director | 2019-02-21 | 2020-09-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nes Global Talent Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-29 | Active |
| Nes Fircroft Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as firm), Significant influence (as firm) | 2020-09-18 | Ceased 2025-10-29 |
| Fircroft Engineering Services Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-09-19 |
Filing timeline
Last 20 of 259 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-02-16 | CH01 | officers | Change person director company with change date | |
| 2026-02-16 | CH01 | officers | Change person director company with change date | |
| 2025-11-14 | AD02 | address | Change sail address company with old address new address | |
| 2025-11-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-06 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2025-08-06 | PARENT_ACC | accounts | Legacy | |
| 2025-08-06 | GUARANTEE2 | other | Legacy | |
| 2025-08-06 | AGREEMENT2 | other | Legacy | |
| 2025-07-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-04 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- 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.