MERTEX UK LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -73.3%

  USD 12,034,791 → USD 3,207,613

• Cash

  +547.8%

  USD 606,146 → USD 3,926,652

  highest in 4 filed years

• Net assets

  -60.3%

  USD 15,650,187 → USD 6,218,017

  lowest in 3 filed years

• Employees

  -55.6%

  9 → 4

  lowest in 3 filed years

• Operating profit

  -676.7%

  USD -1,217,477 → USD -9,456,015

• Profit before tax

  -668.9%

  USD -1,229,806 → USD -9,455,824

• Wages

  -86%

  USD 462,444 → USD 64,809

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

HB&O Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MERTEX UK LIMITED · parent
   1. Rohrwerk Maxhutte GmbH 100% · Germany · Steel manufacturing

Significant events

• “During the year sales decreased from $16 million to $4 million with a resultant decrease in gross profit to a loss of $4 million from $0.8 million. The loss after tax has increased to $12.6 million compared to S1.6 million for the prior year.”
• “Decisions by many governments and banks to drive greener economies are echoed in the strategy of the Mertex Group where use of our products in the mining, water and geo-thermal sectors outweighed use in traditional oil and gas markets for the first time. It is anticipated that this trend will continue.”
• “The group divested its interest in Mertex Canada Limited and Mertex India Pvt Ltd during the current accounting period and has placed Rurhwerk Maxhutte GmbH into administration.”

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

0

last 12 months

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