ARVIN EUROPEAN HOLDINGS (UK) LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from EUR at 0.870 per EUR (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

  +35.6%

  £729,629 → £989,651

• Cash

  —

  Not reported

• Net assets

  -12.5%

  £454,177,000 → £397,627,000

• Employees

  0%

  5 → 5

• Operating profit

  +110.8%

  -£563,527 → £60,875

• Profit before tax

  +85.3%

  -£391,412,000 → -£57,719,000

• Wages

  0%

  £825,000 → £825,000

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.

1. ARVIN EUROPEAN HOLDINGS (UK) LIMITED 2000-01-05 → present
2. BROOMCO (1975) LIMITED 1999-10-25 → 2000-01-05

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

UHY Hacker Young

Audit opinion

Qualified

Going concern

Affirmed

“The directors have concluded that the company has sufficient resources to continue to trade for at least twelve months from the date of signing the financial statements and meet any liabilities as they fall due. In drawing this conclusion the directors note that: Cummins, Inc. group has cash and financing resources available to it of approximately $2,264m, revolving credit facilities of $2,741m and other credit facilities of $628m (per the most recent 10k filing). the company is in a net assets positions; and the company does not manufacture and has limited overheads which the directors are confident can be met as they fall due.”

Group structure

1. ARVIN EUROPEAN HOLDINGS (UK) LIMITED · parent
   1. ArvinMeritor Holdings France SNC 100% · France · Holding company
   2. Fonderie Venissieux SAS 51% · France · Manufacture of castings
   3. Meritor Aftermarket France SAS 100% · France · Aftermarket
   4. Meritor Axles France SAS 100% · France · Manufacture and supply of truck axles
   5. Meritor France SNC 100% · France · Holding company
   6. Meritor Heavy Vehicle Braking Systems (UK) Limited 100% · United Kingdom · Manufacture and supply of braking systems
   7. Meritor Holdings France SNC 100% · France · Holding company
   8. Wilmot-Breeden (Holdings) Limited 100% · United Kingdom · Holding company
   9. Meritor Czech s.r.o 100% · Czechia · Automotive Repair and Maintenance
   10. Meritor France Holdings, LLC 100% · United States · Holding company
   11. Arvin Meritor Light Vehicle Systems (UK) Limited 100% · United Kingdom · Wholesale trade of motor vehicle parts and accessories

Significant events

• “The directors reviewed the value of the investments in subsidiary undertakings at the balance sheet date and an impairment of € 59,201,000 has been booked (2023: €391,892,000).”
• “The company made a loss for the year after taxation of €57,719,000 (2023 - €391,412,000). The loss was made this year because of a fixed asset investment impairment of €59,201,000.”
• “During the year the company impaired its investment in Meritor Heavy Vehicle Braking Systems UK Limited by €12,289,000 (2023: €44,401,000) - the impairment was driven by a significant devaluation of the defined benefit pension scheme asset held in Meritor Heavy Vehicle Braking Systems UK Limited owing to the significant deterioration in market conditions at the time of the actuarial valuation owing to the fallout from the mini budget announcement.”
• “During the year the company impaired its investments in its French operations by €46,921,000 (2023 - €347,491,000) owing to a reduction in the recorded assets of those entities.”

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

Filings

14

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

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