MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to the Going Concern accounting policy of the financial statements which explains the cessation of trade and a transfer of trade and assets to another group company starting during the prior year, the directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described on Page 16.

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

  -65.1%

  £1,675,425 → £584,818

• Cash

  +36.1%

  £156,893 → £213,492

• Net assets

  -1.9%

  -£31,590,007 → -£32,187,514

• Employees

  -20%

  5 → 4

• Operating profit

  +88.9%

  -£1,250,425 → -£139,109

• Profit before tax

  +89.5%

  -£1,806,329 → -£189,504

• Wages

  -11.9%

  £224,299 → £197,638

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. MERIDIAN LIGHTWEIGHT TECHNOLOGIES UK LIMITED 2008-06-20 → present
2. MERIDIAN MAGNESIUM TECHNOLOGIES UK LIMITED 2008-06-09 → 2008-06-20

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

TC Group

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the Going Concern accounting policy of the financial statements which explains the cessation of trade and a transfer of trade and assets to another group company starting during the prior year, the directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described on Page 16.”

Significant events

• “There has been no manufacturing activity during 2024. The company had ceased manufacturing operations at the UK facility. The remaining business has been transferred to another Meridian Group production facility based in China.”
• “Property leases remain in place at both Orchard Way and Castlewood facilities with Castlewood continuing to be sublet to a third party. The Orchard Way lease is due to expire during 2027 and the remaining time will be used for dismantling and shipping of the plant and equipment.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.