DEME BUILDING MATERIALS LIMITED

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

  +1.1%

  £2,580,187 → £2,608,778

• Cash

  —

  Not reported

• Net assets

  -38.5%

  £1,833,835 → £1,128,212

• Employees

  0%

  3 → 3

• Operating profit

  -520.7%

  -£115,691 → -£718,067

  lowest in 3 filed years

• Profit before tax

  -596.7%

  -£101,277 → -£705,623

  lowest in 5 filed years

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MGI Midgley Snelling LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered its forecasts for at least 12 months from the date of approval of these financial statements and the uncertainties attached to new contracts being awarded to this entity, the level of creditors at the balance sheet date and the nature of the company's relationship with the rest of the DEME group. While significant costs are anticipated in connection with new contracts expected to commence in 2027, the company's net asset position provides a strong financial foundation to support these outflows until the contracts begin generating revenue. The directors remain confident that the company is a going concern.”

Significant events

• “At the end of 2007, the company was granted a 15-year licence to dredge an area of the English Channel. The licence has been extended for another 15 years until 2039.”
• “In 2016, the company started to dredge on one of the two permitted sites in the Humber Region, with the second concession opening in 2018.”
• “The company's results for 2024 show a loss before tax of £705,623 (2023: £101,277 loss before tax) and sales of £2,608,778 (2023: £2,580,187).”
• “As part of its long-term strategy, the company is actively researching new areas with the aim of identifying additional profitable sites for dredging, with progress expected through to 2027.”

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

Filings

2

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.