OVARRO TS LTD

• ◆

  3 officer resignations in last 12 months

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

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

  -26.3%

  £12,268,000 → £9,042,000

• Cash

  -41.7%

  £2,519,000 → £1,468,000

• Net assets

  +7.6%

  £8,746,000 → £9,407,000

• Employees

  +4.7%

  64 → 67

• Operating profit

  -57.2%

  £2,306,000 → £986,000

• Profit before tax

  -57.2%

  £2,306,000 → £986,000

• Wages

  +15.5%

  £2,371,000 → £2,738,000

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. Sector-distribution context coming next.

1. OVARRO TS LTD 2020-03-10 → present
2. SERVELEC TECHNOLOGIES UK LIMITED 2018-05-23 → 2020-03-10
3. SERVELEC SYSTEMS LIMITED 2013-12-12 → 2018-05-23
4. CSE-SERVELEC LIMITED 2010-01-05 → 2013-12-12
5. CSE-SERVELEC 2009 LIMITED 2009-07-13 → 2010-01-05
6. CIRCULAR VERSION LIMITED 2009-04-16 → 2009-07-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, as at the date of this report, the Directors have a reasonable expectation that the Company has adequate resources to continue in business for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “UK businesses are currently facing many uncertainties such as the consequences of Brexit, environmental sustainability and geopolitical events such as the Russian invasion of Ukraine and the conflict in the Middle East. These uncertainties have contributed to an environment where there exists a range of issues and risks, including inflation, rising interest rates, labour shortages, disrupted supply chains and new ways of working.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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