VDL STEELWELD UK LIMITED

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

  +114.1%

  £24,623,260 → £52,707,882

  highest in 3 filed years

• Cash

  +95.7%

  £515,711 → £1,009,365

  highest in 3 filed years

• Net assets

  +42.9%

  £3,359,170 → £4,801,457

  highest in 3 filed years

• Employees

  +7.5%

  40 → 43

  highest in 3 filed years

• Operating profit

  +46%

  £1,287,737 → £1,880,344

  highest in 3 filed years

• Profit before tax

  +47%

  £1,267,964 → £1,863,706

  highest in 3 filed years

• Wages

  +5.2%

  £2,432,445 → £2,558,586

  highest in 3 filed years

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

Sterlings Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following a review of forecasts undertaken which incorporate the continuation of the funding outlined above; 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. As the company operates under a transfer pricing arrangement with its parent company, VDL Steelweld BV, which ensure that the company will generate positive trading results, the profit and loss forecasts prepared indicate that the company has sufficient resources in place to enable it to continue trading for the foreseeable future. Additionally, the parent company has confirmed in writing that it will not seek repayment of the intercompany balance of £13,738,258 included in note 10, nor plan to cease operations in the UK for a period of at least 12 months from the date of signing these financial statements.”

Significant events

• “mid 2024 BMW decided not to continue with this project in Oxford.”
• “Jaguar Landrover were tendering for a major new project for their Solihull factory. Fortunately, we were able to secure a large order for this program which more than compensated for the loss of the BMW work.”
• “New customer, McClaren, who were onboarded in late 2023 received a small concept study from us early in the year for a new production process. Discussions have continued positively throughout 2024 with a view to providing the production automation systems, however, this has not yet been realised by McClaren and therefore we will continue to work with this client into 2025 in the hope to secure further business.”

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

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.