CONTOUR HOLDINGS INTERNATIONAL LIMITED
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Cash
£24M
-23.4% vs 2024
Net assets
-£87M
-34.7% lowest in 3 filed years
Employees
887
+1.8% vs 2024
Profit before tax
-£13M
-10.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2.4 in the financial statements, which indicates that in December 2025, Bluewater Energy entered into a Share Purchase Agreement to sell the group. Completion is expected within six months. The Directors note that whilst they expect sufficient funding, no legally binding commitment has been entered. These conditions indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £182,537,225 | £177,329,735 | £178,449,439 | +0.6% | |
| Operating profit | -£1,708,416 | £8,672,216 | £8,002,607 | -7.7% | |
| Profit before tax | -£20,247,052 | -£12,172,558 | -£13,437,759 | -10.4% | |
| Net profit | -£23,175,957 | -£17,230,128 | -£20,332,980 | -18% | |
| Cash | £12,987,152 | £31,896,520 | £24,448,089 | -23.4% | |
| Total assets less current liabilities | £90,033,991 | £103,951,463 | £90,434,047 | -13% | |
| Net assets | -£48,025,858 | -£64,914,883 | -£87,456,501 | -34.7% | |
| Equity | -£48,025,858 | -£64,914,883 | -£87,456,501 | -34.7% | |
| Average employees | 960 | 871 | 887 | +1.8% | |
| Wages | £36,437,912 | £41,643,898 | £44,059,870 | +5.8% | |
| Directors' remuneration | £520,066 | £772,220 | £783,160 | +1.4% |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -0.9% | 4.9% | 4.5% | |
| Net margin | -12.7% | -9.7% | -11.4% | |
| Return on capital employed | -1.9% | 8.3% | 8.8% | |
| Gearing (liabilities / total assets) | — | 135.0% | 152.7% | |
| Current ratio | 1.47x | 1.82x | 1.88x | |
| Interest cover | -0.09x | 0.41x | 0.36x |
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.
Name history
Renamed 2 times since incorporation
- CONTOUR HOLDINGS INTERNATIONAL LIMITED 2021-05-05 → present
- SEVERN GLOCON HOLDINGS LIMITED 2020-01-31 → 2021-05-05
- SG TOPCO LIMITED 2019-11-20 → 2020-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.4 in the financial statements, which indicates that in December 2025, Bluewater Energy entered into a Share Purchase Agreement to sell the group. Completion is expected within six months. The Directors note that whilst they expect sufficient funding, no legally binding commitment has been entered. These conditions indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern.”
Group structure
- CONTOUR HOLDINGS INTERNATIONAL LIMITED · parent
- SG Midco Limited 100%
- Contour Technologies Limited 100%
- Mars Valve UK Limited 100%
- L.B. Bentley Limited 100%
- Severn Unival Limited 100%
- Severn Glocon (Aberdeen) Ltd 100%
- Severn Glocon UK Valves Limited 100%
- Severn Glocon (Australia) Pty Ltd 100%
- Severn Valve Solutions FZE 100%
- Severn Glocon FZE 100%
- Severn LLP 100%
- Severn Glocon Valves PVT Ltd 100%
- MCE Group Limited 100%
- Contour Bidco Inc 100%
- Valv Technologies LLC 100%
- Valv Technologies Limited 100%
- Valv Technologies Private Limited 100%
- VTI Kazakhstan 100%
- VTI ValvTechnologies (Chengdu) Co Ltd 100%
Significant events
- “In December 2025, the group's private equity owner Bluewater Energy entered into a Share Purchase Agreement to sell the group to Valmet (the "Transaction"). The Transaction relates to the sale of 100% of the group pursuant to the relevant regulatory filing approvals. Completion of this Transaction is expected within six months.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LANCASTER, Sarah | Director | 2021-10-19 | Oct 1971 | British |
| LOUHILUOTO, Perttu Kim | Director | 2021-10-19 | Aug 1964 | Finnish |
| NIXON, James Ure | Director | 2021-03-15 | Jul 1956 | British |
| OBEROI, Salil | Director | 2019-11-20 | Dec 1983 | British |
| SIKORSKI, Thomas Joseph | Director | 2019-11-20 | Apr 1961 | American |
| WAUGH, Stephen David | Director | 2020-04-03 | Dec 1956 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FINDLAY, Colin Archibald | Director | 2020-04-20 | 2021-05-11 |
| SIMONETTI, Vincent Antoine Luc | Director | 2020-01-31 | 2021-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sg Guernsey Co Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-20 | Ceased 2019-11-20 |
Filing timeline
Last 20 of 67 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-20 | AA | accounts | Accounts with accounts type group | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-26 | CH01 | officers | Change person director company with change date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-03-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-01-15 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-01-15 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-01-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-05 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-07-21 | AA | accounts | Accounts with accounts type group | |
| 2024-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-21 | AD03 | address | Move registers to sail company with new address | |
| 2024-05-21 | AD02 | address | Change sail address company with new address | |
| 2024-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-05 | SH01 | capital | Capital allotment shares | |
| 2023-09-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 6
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.