SITEC INFRASTRUCTURE SERVICES LTD

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

  -45.6%

  £26,481,576 → £14,397,116

• Cash

  -63.2%

  £2,869,810 → £1,055,085

• Net assets

  -11.1%

  -£5,456,161 → -£6,062,222

• Employees

  -18%

  111 → 91

  lowest in 5 filed years

• Operating profit

  -115.5%

  £3,926,594 → -£607,706

• Profit before tax

  -115.6%

  £3,912,798 → -£610,572

• Wages

  -11.3%

  £4,255,845 → £3,776,940

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

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 May 2025, the Company has net liabilities of £6,062,222 and net current liabilities of £6,236,908. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, based on its future forecasts and projections, and on receipt of confirmations from group companies that intercompany debt, totalling £10,001,248 at the balance sheet date, will not be called for settlement until the company has the necessary funds to make repayment. Having due consideration to each of the above factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and so the accounts are prepared on a going concern basis.”

Significant events

• “Following the slow down in revenues during the year ended 31 May 2025, the parent group is now seeing an upturn in revenues following completion of the merger between Vodafone and Three UK and issuance of new contracts since the year end (see strategic report). The group will also see the benefit of the new Scottish Power Energy Networks contract as well as the impact of other additional new work within its fixed line division.”
• “The parent group retains work with all key customers and since 31 May 2025, has been successful in securing a significant new long-term framework with Vodafone, as well as two new maintenance workstreams, which supports the group's growth plans over the next three years.”
• “Subsequent to the balance sheet date, the covenants attatched to the Parent Group's debt facilities were reset.”

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.