JVM CASTINGS (WORCESTER) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 in the financial statements, whereby the Company recorded a profit of £0.7m and a cash inflow before financing of £0.7m for the year ended 31 March 2025 but as at that date has net current liabilities of £4.0m. Management is confident that the loans due for repayment within the coming twelve months will be successfully renegotiated and extended and that the Company will be able to continue to meet its obligations as they fall due. However, the potential need to refinance certain loans during the forecast period, along with the other matters as set forth above indicate that a material uncertainty exists that may cast a significant doubt on the Company's ability to continue as a going concern.

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

  -14.9%

  £51,468,693 → £43,793,518

• Cash

  +1,952.5%

  £22,930 → £470,636

  highest in 4 filed years

• Net assets

  +115.4%

  £573,563 → £1,235,677

• Employees

  -1.3%

  239 → 236

• Operating profit

  -4.2%

  £1,655,758 → £1,586,565

• Profit before tax

  -1.7%

  £673,868 → £662,114

  first positive since 2023

• Wages

  -1.8%

  £8,498,193 → £8,345,035

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.

1. JVM CASTINGS (WORCESTER) LIMITED 2006-07-06 → present
2. LADMOR LIMITED 2006-05-15 → 2006-07-06

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 in the financial statements, whereby the Company recorded a profit of £0.7m and a cash inflow before financing of £0.7m for the year ended 31 March 2025 but as at that date has net current liabilities of £4.0m. Management is confident that the loans due for repayment within the coming twelve months will be successfully renegotiated and extended and that the Company will be able to continue to meet its obligations as they fall due. However, the potential need to refinance certain loans during the forecast period, along with the other matters as set forth above indicate that a material uncertainty exists that may cast a significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “On 11 November 2025 the shareholders participated in share exchange agreement with Evtec Group Holdings Limited. As a result, the Company is now a wholly owned indirect subsidiary of Evtec Group Holdings Limited.”
• “On 31 August 2025 the Company's principal customer was impacted by a cyber incident, that forced the shutdown of its IT systems. This in turn forced a suspension in production that lasted until 13 October 2025 when the customer initiated a limited restart, with a structured plan to achieve full production through the month of November 2025.”
• “On 12 May 2025, the Company's immediate parent JVM Castings Limited, along with Evtec Group Limited and Evtec Aluminium Limited ("the Target Companies") signed a non-binding letter of intent to complete a reverse merger transaction, with a Canadian Corporation ("The Issuer").”

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

1

last 12 months

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