COLAS SIAC LIMITED

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  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial position of the company as disclosed in the balance sheet shows net liabilities of £453,000 (2023: net assets £121,000), the directors have carefully considered the ability of the company to meet its liabilities as they fall due. The directors monitor future cash requirements and are confident that the company is able to continue as a going concern. As part of the assessment, the directors have reviewed budgets and cash flow forecasts and compared the requirements to available resources. At the time of approving the financial statements, the directors believe that the company has sufficient available resources, however, to meet any long-term working capital requirement the shareholder will provide additional funding. Shareholder funding is confirmed under the commitment of Colas Ltd as the parent to provide financial support. 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

• “Historically, Colas Siac Limited was established to undertake major project activities in a joint venture with the Irish partner Siac Construction Limited... However, in 2021, Siac Construction Limited decided to disengage from the UK market, and Colas Limited acquired 100% ownership of Colas Siac Limited.”
• “The entity will continue delivering the contracts started until their completion, especially contracts related to the YORcivil 2 framework. At the end of 2024, the final project to be completed is A46 project.”

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

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.