BALMORAL COMTEC 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

  +84.7%

  £76,873,000 → £141,982,000

• Cash

  -80.7%

  £3,264,000 → £630,000

• Net assets

  +84.5%

  £34,139,000 → £62,985,000

• Employees

  +27.2%

  305 → 388

• Operating profit

  +371.8%

  £7,294,000 → £34,416,000

• Profit before tax

  +307.8%

  £8,444,000 → £34,433,000

• Wages

  +57.8%

  £12,764,000 → £20,144,000

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.

1. BALMORAL COMTEC LIMITED 2006-05-19 → present
2. TALKTERM LIMITED 2006-05-05 → 2006-05-19

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. BALMORAL COMTEC LIMITED · parent
   1. Balmoral Offshore Inc 100% · Texas · Sales Office
   2. Kirkdale 2000 Limited 100% · Dormant
   3. Balmoral Advanced Composites Limited 100% · Dormant
   4. Balmoral Composites Limited 100% · Dormant

Significant events

• “The company has positioned itself to take advantage of the recovery in markets following the COVID pandemic and Ukraine conflict, and has delivered an 85% increase in turnover while operational efficiencies have also improved the gross margin percentage. As a result, profit before tax has increased by more than four times from £8.4m to £34.4m.”
• “It is also pleasing to see an increase in Renewable Energy products delivered during the year and the Renewable order book improving, although the significant increase in Oil and Gas activity has resulted in Renewables being a smaller proportion of the total turnover now representing 7% of turnover.”
• “We have invested significantly in our business during the year to improve production quality and efficiency, as well as building resilience into our processes. We have also invested in the development of new products through R&D and creating an on-site wave and current simulation area to enhance our R&D capability.”

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

Filings

9

last 12 months

Capital events

5

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.