HSP VALVES HOLDINGS 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

  -6.8%

  £15,330,351 → £14,290,729

• Cash

  +12.8%

  £1,025,038 → £1,156,666

  highest in 4 filed years

• Net assets

  -28.2%

  -£122,501 → -£157,064

  lowest in 4 filed years

• Employees

  +10%

  50 → 55

  highest in 4 filed years

• Operating profit

  +52.2%

  -£1,378,994 → -£659,667

• Profit before tax

  +49.3%

  -£1,496,713 → -£759,067

• Wages

  +26.2%

  £2,306,930 → £2,912,021

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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding net liabilities of £157,064 and a loss for the year of £33,944, the financial statements have been prepared on a going concern basis, which the Directors consider appropriate for the following reasons. The Directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. After making enquiries, the Directors, considering the positive cash balance at year end, expected future cashflows, and the external funding support already in place, are confident that the Group will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have, therefore, prepared the financial statements on a going concern basis.”

Group structure

1. HSP VALVES HOLDINGS LIMITED · parent
   1. HSP Valves Group Limited 100% · United Kingdom
   2. HSP Valves FZE 100% · UAE
   3. HSP Valves Trading LLC 49% · Abu Dhabi City, Abu Dhabi
   4. HS Pipequipment Qatar LLC 49% · Qatar

Significant events

• “There have been no significant events affecting the Group since the end of the reporting year.”

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

Filings

4

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.