HIIROC LIMITED

• ⚠

  Material uncertainty over going concern

  Whilst these conditions do represent the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern, the Board is satisfied that the Group remains a going concern and therefore adopt the going concern basis of accounting.

• ◆

  6 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

  +177.6%

  £744,752 → £2,067,782

• Cash

  -47.3%

  £4,800,566 → £2,530,507

• Net assets

  -74.6%

  £14,155,647 → £3,595,357

• Employees

  +18.3%

  104 → 123

  highest in 4 filed years

• Operating profit

  +7.5%

  -£15,312,089 → -£14,159,278

• Profit before tax

  +5.5%

  -£14,990,454 → -£14,167,446

• Wages

  +10.6%

  £6,115,186 → £6,765,094

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst these conditions do represent the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern, the Board is satisfied that the Group remains a going concern and therefore adopt the going concern basis of accounting.”

Group structure

1. HIIROC LIMITED · parent
   1. HiiROC-X Developments Limited 100% · United Kingdom · Research and development
   2. Zeleno Limited 100% · United Kingdom · Energy
   3. HiiROC Bulgaria EOOD 100% · Bulgaria · Research
   4. Wiekamp Resource Management B. V. 100% · Netherlands · Energy
   5. HiiROC Nominees Limited 100% · United Kingdom · Nominee
   6. HiiROC Hydrogen Limited 100% · United Kingdom · Intermediate Holding Company
   7. HiiROC MENA Holdings Limited 100% · United Kingdom · Intermediate Holding Company
   8. HiiROC North America Holdings Limited 100% · United Kingdom · Intermediate Holding Company
   9. HiiROC Egypt Limited 100% · United Kingdom · Energy
   10. HiiROC UK Limited 100% · United Kingdom · Intermediate Holding Company
   11. HiiROC USA Incorporated Limited 100% · United States · Energy
   12. HiiROC UAE Limited 100% · United Kingdom · Energy
   13. HiiROC Carbon Limited 100% · United Kingdom · Intermediate Holding Company
   14. HiiCEM Rugby Holdings Limited 100% · United Kingdom · Intermediate Holding Company
   15. HiiCEM Rugby Limited 100% · United Kingdom · Energy

Significant events

• “Continued development of thermal plasma electrolysis technology to produce affordable clean hydrogen and carbon black.”
• “Expansion of partnerships with strategic suppliers, including Siemens, for advanced control and automation.”
• “Three pilot units in operation, demonstrating hydrogen production from biomethane and decarbonisation of natural gas.”
• “NZTC project with Centrica at Brigg for hydrogen-generated electricity completion expected later in the year.”
• “Cemex announced plans to use HiiROC's technology for decarbonisation of its cement plant in Rugby, UK.”
• “Plans to establish hydrogen production facilities at Saltend Chemicals Park in collaboration with Associated British Ports and px Group.”
• “Approval in the UK under the Government's Low Carbon Hydrogen Standard and US Department of Energy funding to evaluate carbon intensity.”
• “Secured triple ISO accreditation for Quality Management (ISO 9001), Environmental Management (ISO 14001) and Occupational Health and Safety (ISO 45001).”

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

Filings

20

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

6

last 12 months

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