KRG SPECIALIST ENGINEERING SERVICES LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +3.6%

  £8,470,235 → £8,777,004

• Cash

  +227.5%

  £254,945 → £834,893

  highest in 4 filed years

• Net assets

  +30.6%

  £2,567,691 → £3,352,457

  highest in 4 filed years

• Employees

  +13.9%

  72 → 82

• Operating profit

  +13.6%

  £622,604 → £706,982

• Profit before tax

  +24.5%

  £533,373 → £663,885

• Wages

  +10.6%

  £3,133,743 → £3,467,281

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. KRG SPECIALIST ENGINEERING SERVICES LIMITED 2019-02-01 → present
2. SHOO 624 LIMITED 2016-07-20 → 2019-02-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Thomson Cooper

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The twelve months ending 31 December 2024 saw continued strong trading performance, with the Company achieving EBITDA of £687k (2023: £713k), despite incurring £249k in one-off facility restructuring costs. This strategic investment has enhanced operational efficiency, reduced ongoing costs, and positioned the business for future growth.”
• “The Company continued to successfully execute its diversification strategy, securing new business in the Defence and Pump sectors, and expanding its customer base. Efforts to develop a robust future pipeline are ongoing.”
• “Global geopolitical and environmental challenges have led to a downturn in the Oil and Gas sector. To mitigate this, the Company has maintained strong customer relationships through regular and transparent communication. Encouragingly, several global projects indicate a market recovery, and the Company is well-positioned to capitalise on the anticipated resurgence.”

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

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

2

last 12 months

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