Registration number: 00231713 (England and Wales)

Alentec Orion Limited

Contents

Alentec Orion Limited

Company Information

Alentec Orion Limited

Strategic Report for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

Fair review of the business

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face.

The principal activity of the company continued to be that of the supply and distribution of lubrication equipment and the manufacture, supply and installation of industrial equipment.


Financial performance indicators have been selected that reflect the strength of the company as a whole including turnover, gross profit margin and operating profit.

Sales decreased by 34.72% (2023 increased by 28.84%). Gross profit margin has increased to 32.35% compared to the previous year of 29.47%. Operating profit amounts to £29,134 compared to a profit of £137,453 last year. Profit after tax reached £23,910 compared to £99,058 last year..

At the year end the shareholders funds were £426,280 (2023: £402,370).

The business environment in which we operate continues to be challenging. We face competition from companies both inside and outside the UK. We are also affected by consumer spending patterns and choices.

Results
The results for the year are set out on page 9.

Future developments

It is anticipated that there will be reduction in income as customers are looking to cut back on costs and spending on equipment due to the difficult economic conditions. The company's management team is dedicated to maintaining and extending the improvements in customer services, quality and productivity.

Alentec Orion Limited

Strategic Report for the Year Ended 31 December 2024 (continued)

Principal risks and uncertainties

All businesses face a range of risks and uncertainties, being subject to hazards from internal and external sources. The company undertakes regular risk assessments and the likelihood and significance of risk factors are considered to ensure risk mitigation.

UK economic performance
The UK economy continues to suffer from reduced consumer spending. The operational leverage is such that any deterioration in sales performance may have a disproportionate reduction in profitability. The company mitigates this by continuous monitoring of costs. In addition, the company is aggressively pursuing work and orders from new and existing customers.

Brexit risk
Along with many UK businesses, uncertainty continues about Brexit together with associated risks, which are being monitored by the company. The company has developed change plans to ensure that it is well placed to operate effectively based on a range of potential scenarios.

Availability of credit
The availability of credit for consumers and businesses has fallen considerably. Thus there is possibility of bad debts. However, this risk is mitigated by the maintenance of cash reserves and through agreements with customers regarding payment terms and credit facilities. Extended credit terms are agreed with suppliers where possible.

Exchange rate fluctuations
Exchange rate fluctuations have had, and continue to have a material impact on the company's operating results. The global financial crisis has led to increased volatility in exchange rates which makes it harder to predict exchange rates and thus perform financial planning. Thus the company only monitors closely the foreign exchange market to try and mitigate this risk.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

Alentec Orion Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

Mr Anthony Maple (ceased 24 December 2024)

The following directors were appointed after the year end:

Mrs Seema Patel (appointed 3 January 2025)

Mr Nigel O'Dell (appointed 3 January 2025)

Review of business, future developments, principal risks and uncertainties
A review of the business, future developments, principal risks and uncertainties is detailed on pages 2 to 3 of the Strategic Report.

Employee involvement

Employment of disabled persons

Going concern

The company’s review of business, together with the factors likely to affect its future development and the principal risks and uncertainties are described in the Strategic Report on pages 2 to 3. The company has the financial resources and as a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Alentec Orion Limited

Directors' Report for the Year Ended 31 December 2024 (continued)

Statement of director's responsibilities
The directors are responsible for preparing the Strategic Report, Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies provision statement

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

Alentec Orion Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Chartered Accountants' Review Report to the Board of Directors of Alentec Orion Limited

for the Year Ended 31 December 2024

We have reviewed the financial statements of Alentec Orion Limited for the year ended 31 December 2024, which comprise the profit and loss account, balance sheet, cash flow statement and the related notes including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors’ responsibility for the financial statements

As explained more fully in the Directors’ Responsibilities Statement [set out on pages 6), the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants’ responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised),Engagements to review historical financial statementsand ICAEW Technical Release TECH 09/13AAF (Revised)Assurance review engagements on historical financial statements (2019). ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with the [applicable financial reporting framework]. ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics [and the FRC’s Ethical Standard, as applicable].

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures, and evaluating the evidence obtained.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

So as to give a true and fair view of the state of the company’s affairs as at 31 December 2024 and of its profit for the year then ended;

in accordance with applicable accounting standards; and

in accordance with the requirements of the Companies Act 2006.

Use of our report

This report is made solely to the company’s directors, as a body, in accordance with the terms of our engagement letter dated 22 July 2024. Our review has been undertaken so that we may state to the company’s directors those matters we have agreed to state to them in a reviewer’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s directors as a body, for our review work, for this report, or for the conclusions we have formed.

Independent Chartered Accountants' Review Report to the Board of Directors of Alentec Orion Limited

for the Year Ended 31 December 2024 (continued)

Howard Gross

Gross Klein

Chartered Accountants

5 St John’s Lane

London EC1M 4BH

Date

Alentec Orion Limited

Profit and Loss Account for the Year Ended 31 December 2024

Alentec Orion Limited

Statement of Comprehensive Income for the Year Ended 31 December 2024

Alentec Orion Limited

(Registration number: 00231713)
Balance Sheet as at 31 December 2024

Directors' responsibilities:

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

Alentec Orion Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

Alentec Orion Limited

Statement of Cash Flows for the Year Ended 31 December 2024

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Alentec Orion Limited is a limited liability company incorporated in England. The Registered Office is Barrs Fold Road, Wingates Industrial Park, Westhoughton, Bolton BL5 3XP.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102) and the Companies Act 2006.

These financial statements were authorised for issue by the Board on 16 September 2025.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

Turnover

Government grants

Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grants relates. The deferred element of grants is included in creditors as deferred income,

Foreign currency transactions and balances

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are recognised in the income statement.

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Tax

Tangible fixed assets

The assets' residual values, useful lives and depreciation methods are reviewed annually, and adjusted if appropriate, at each balance sheet date. The effect of any change is accounted for prospectively.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Property, plant and equipment are reviewed for impairment whenever there are events that indicate that an impairment may have occurred. An impairment loss is recognised if an asset’s carrying amount exceeds the greater of its value in use and fair value less costs to sell. Impairment losses are recognised in profit or loss.

Cash and cash equivalents

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

trade debtors

Stocks

trade creditors

Leases

Share capital

Dividends

Defined contribution pension obligation

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Financial instruments - classification
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. The company only enters into basic financial instrument transactions. Financial assets and liabilities are offset, with the net amount presented in the financial statement, when there is a legally enforceable right to set off the recognised amounts and there is an intenetion to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial instruments - recognition and measurement
Basic financial assets, which include trade debtors, amounts owed by related parties, other debtors, accrued income and cash at bank and in hand, are intially measured at transaction price including transaction costs and are subsequently carried at amortised cost using effective interest method unless the arrangement constitues a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownsership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade creditors, amounts due to related parties and accruals that are classified as debt, are intially recognised at transaction price unless the arrangement consitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classsified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Financial instruments - impairment
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

The analysis of the company's revenue for the year from continuing operations is as follows:

The analysis of the company's turnover for the year by market is as follows:

Arrived at after charging/(crediting)

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

The aggregate payroll costs (including director's remuneration) were as follows:

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

The directors' remuneration for the year was as follows:

During the year the number of directors who were receiving benefits and share incentives was as follows:

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Tax charged/(credited) in the profit and loss account

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	8,026	61,836	69,862
At 31 December 2024	8,026	61,836	69,862
Depreciation
At 1 January 2024	6,702	33,407	40,109
Charge for the year	595	7,934	8,529
At 31 December 2024	7,297	41,341	48,638
Carrying amount
At 31 December 2024	729	20,495	21,224
At 31 December 2023	1,324	28,429	29,753

10

Stocks

	2024 £	2023 £
Finished goods and goods for resale	236,108	225,171

11

Debtors

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £3,165 (2023 - £5,368).

Allotted, called up and fully paid shares

Alentec Orion Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

,
Samoa Limited
This is a related party by virtue of common control. During the year, the following have been charged or invoiced from Samoa Limited:
Management and accountancy services £25,500 (2023: 25,500 ), service of premises £18,000 (2023: £18,000) and other rechargeable expenses of £54,780 (2023: £52,980).
Sales were £14,261 (2023: £187). Purchases were £6,287 (2023: £8,771)
At the Balance Sheet date, the amount receivable from Samoa Limited was £nil (2023: £225) and payable was £23,358 (2023: £20,901).

Samoa Industrial SA
This is a related party by virtue of common control. The sales to Samoa Industrial SA were £nil (2023: £nil and the purchases were £43,777 (2023: £51,115).
At the Balance Sheet date, the amount payable to Samoa Industrial SA was £14,135 (2023: £25,761).

Alentec & Orion AB
This is a related party by virtue of common control. The sales to Alentec & Orion AB were £nil (2023: £4,223) and the purchases were £380,665 (2023: £481,820).
At the Balance Sheet date, the amount receivable from Alentec & Orion AB was £nil (2023: £nil). The amount payable to Alentec & Orion AB was £76,945 (2023: £89,613).

Hydrair Limited
This is a related party by virtue of common control. During the year, purchases from Hydrair Limited were £50,508 (2023: £142,501).
At the Balance Sheet date, the amount receivable from Hydrair Limited was £3,670 (2023: £3,984). The amount payable to Hydrair Limited was £15,337 (2023: £26,613).


 

The company's immediate parent is Linter Holdings Limited, incorporated in England and Wales.

 The ultimate controlling party is Gonzalez-Moratiel family.