HARDIDE COATINGS LIMITED

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  Negative shareholders' funds

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

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. HARDIDE COATINGS LIMITED 2005-03-14 → present
2. HARDIDE LIMITED 2000-08-17 → 2005-03-14

Accounting basis

FRS 101 'Reduced Disclosure Framework'

Reporting scope

Standalone (parent only)

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have adopted the going concern basis in preparing the financial statements after assessing the principal risks and considering the impact of various downside scenarios to the Company's base case financial plans, including latest sales expectations and profit margins for the period to June 2026. The Board expects the Company to have sufficient financial and other resources to continue to operate as a going concern for the foreseeable future, but in reaching that conclusion the Board has undertaken a series of sensitivity analyses based on the Company not achieving its base case sales forecast. Reverse stress testing suggests that, absent specific actions to reduce costs, working capital and capital expenditure, the Group may need to seek further funding only if revenues fell by more than 25% compared to forecast. Given trading momentum this financial year has so far continued to be strong, the Board considers this scenario to be unlikely.”

Significant events

• “In December 2024 we announced we had won additional work with a major European aircraft manufacturer to coat parts for freight aircraft. As expected, the initial tooling and development work added materially to sales revenue in FY25. Production volumes are expected to begin in FY26 and, based on the customer's anticipated build rates, this could lead to production revenues in the range of circa £8m over the expected 10-year time frame of the contract.”
• “The work won in 2023 with the same customer to coat parts used in commercial passenger aircraft has continued to progress well and should also enable a stable base load of volume work to continue for a number of years.”

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

Filings

3

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.