HSP VALVES HOLDINGS LIMITED
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Cash
£1.2M
+12.8% highest in 3 filed years
Net assets
-£157K
-28.2% lowest in 3 filed years
Employees
55
+10% highest in 3 filed years
Profit before tax
-£759K
+49.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2023-08-22 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £15,330,351 | £14,290,729 | -6.8% | |
| Operating profit | — | -£1,378,994 | -£659,667 | +52.2% | |
| Profit before tax | — | -£1,496,713 | -£759,067 | +49.3% | |
| Net profit | -£25,108 | -£1,434,718 | -£33,944 | +97.6% | |
| Cash | £98 | £1,025,038 | £1,156,666 | +12.8% | |
| Total assets less current liabilities | -£25,008 | £124,243 | -£157,064 | -226.4% | |
| Net assets | -£25,008 | -£122,501 | -£157,064 | -28.2% | |
| Equity | -£25,008 | -£122,501 | -£157,064 | -28.2% | |
| Average employees | 54 | 50 | 55 | +10% | |
| Wages | — | £2,306,930 | £2,912,021 | +26.2% | |
| Directors' remuneration | — | £558,686 | £527,626 | -5.6% |
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 | 2023-08-22 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | — | -9.0% | -4.6% | |
| Net margin | — | -9.4% | -0.2% | |
| Return on capital employed | — | -1109.9% | — | |
| Current ratio | — | 0.97x | 0.87x | |
| Interest cover | — | -11.71x | -6.61x |
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.
Audit & accounting basis
- 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
- HSP VALVES HOLDINGS LIMITED · parent
- HSP Valves Group Limited 100%
- HSP Valves FZE 100%
- HSP Valves Trading LLC 49%
- HS Pipequipment Qatar LLC 49%
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
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRIFFIN, Richard | Director | 2022-02-23 | Jun 1974 | British |
| MACKENZIE, Derrick Thomas Munro | Director | 2022-02-23 | Aug 1968 | British |
| SUBRAMANIYAM, Vairamoorthy | Director | 2022-02-23 | Mar 1974 | Indian |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Derrick Thomas Munro Mackenzie | Individual | Shares 25–50%, Voting 25–50% | 2022-02-23 | Active |
| Richard Griffin | Individual | Shares 25–50%, Voting 25–50% | 2022-02-23 | Active |
Filing timeline
Last 17 of 17 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-06 | AA | accounts | Accounts with accounts type group | |
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-22 | AA01 | accounts | Change account reference date company current extended | |
| 2025-05-21 | AA | accounts | Accounts with accounts type group | |
| 2025-03-31 | CH01 | officers | Change person director company with change date | |
| 2025-03-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-31 | CH01 | officers | Change person director company with change date | |
| 2025-03-31 | CH01 | officers | Change person director company with change date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type group | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-13 | AA01 | accounts | Change account reference date company current extended | |
| 2022-02-23 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.