HITACHI HIGH-TECH ANALYTICAL SCIENCE LIMITED

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  Accounts not prepared on a going-concern basis

  As outlined in the Strategic Report, given the expectation that as part of a wider reorganisation of the Hitachi High-Tech Analytical group of companies, the activities of the Company will be transferred to other members of the Hitachi High-Tech Analytical group of companies, it is possible that the Company will be wound up. As such, the financial statements have been prepared on a basis other than as a Going Concern.

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  Going-concern uncertainty disclosed

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. 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.

1. HITACHI HIGH-TECH ANALYTICAL SCIENCE LIMITED 2017-07-20 → present
2. MATERIALS ANALYSIS LIMITED 2017-04-04 → 2017-07-20

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Not a going concern (break-up basis)

“As outlined in the Strategic Report, given the expectation that as part of a wider reorganisation of the Hitachi High-Tech Analytical group of companies, the activities of the Company will be transferred to other members of the Hitachi High-Tech Analytical group of companies, it is possible that the Company will be wound up. As such, the financial statements have been prepared on a basis other than as a Going Concern.”

Group structure

1. HITACHI HIGH-TECH ANALYTICAL SCIENCE LIMITED · parent
   1. Hitachi High-Tech Analytical Science Shanghai Co., Limited 100% · China · Manufacturing XRF / LIBS instruments
   2. Hitachi High-Tech Analytical Science Finland Oy 100% · Finland · Research and development / component manufacturer
   3. Hitachi High-Tech Analytical Science GmbH 100% · Germany · Manufacturing OES instruments, research and development

Significant events

• “Following the year end the Company undertook a capital reduction by way of a directors' solvency statement and special resolution to reduce 299 ordinary shares of £1 and to convert the share premium reserve of £73,648,000 into distributable reserves.”
• “The wider Hitachi High-Tech Analysis group is embarking on a reorganisation to increase the efficiency of its operations. It is anticipated that over time, this will result in the Company's activities being transferred to other members of the Hitachi High-Tech Analysis group and the Company will be wound up.”

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

Filings

7

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.