The directors present the strategic report for the year ended 30 June 2025.
The results of the group for the year are as follows; Turnover reduced, 2025 £25.457m (2024: 30.952m). Profits on ordinary activities before tax reduced from a profit of £825k for the year ended 30th June 2024 to £695k in the year ended 30th June 2025. Shareholders' funds for the group decreased from £5.749m as at 30th June 2024 to £5.322m as at 30th June 2025.
The group at June 2025 had a strong contracted future sales pipeline which will continue to deliver turnover and increased levels of profit through 2026 and beyond. Its divergence into the Energy markets, Data centres and niche Control Systems will also ensure strong future performance.
Business Environment
The group operates within a selective environment with few other companies offering the same mix of complimentary skill sets, product offering and industry expertise, particularly in its geographic trading region.
It trades as a high end solutions and servicing proposition and actively steers away from low level price competitive environments where possible. Partnering with major construction companies and facility management companies allows the product to remain innovative and relevant at design level.
Its long standing dealership relationship with FG Wilson ensures it provides fully supported products to the market place.
Strategy
The Group took the decision in 2024 to consolidate its diverse shareholder structure across the various trading entities and transfer all ownership into the ultimate holding company Bells Power Group Ltd. This was done with the professional advice and stewardship of Crowe LLP. This gives us a cleaner ownership structure and external clarity.
Our aim is to continue to provide broader solutions across construction and facilities management, strengthening our relationships with key clients. These relationships will be achieved by broadening our range of Strategic Alliances with key partners in both supply and commercial environments.
We aim to continue to maximise these opportunities and also target further cost reduction through consolidated procurement across the group. We will continue to extend our offering by increasing our partnership models, exploring new revenue streams and growing our export trade.
The process of risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to board approval and ongoing review by management, including internal and external audit process. Compliance with current regulation on Health and Safety, Environment, financial, legal and ethical standards remains a high priority for the Group.
We continue to commit to our ISO 9001, 18001 and 45001 process framework and we are actively working towards obtaining ISO27001.
The principal risks to the Group arise from competitive pricing versus quality of delivery. Delivery of service on a timely basis is also challenging in the current environment and pressure on cash collection from the Construction industries current practices has remained a challenge that we continually look to resolve. Additionally, we now face trading restrictions with our European partners and issues with global shipping of both products to client and raw materials to suppliers, we are actively sourcing continuous supply through diversity of supply partners to mitigate this. The board is aware of the increasing pressure on energy costs and is constantly reviewing its internal practices to minimise the effect on trade.
Projects active 238 (2024: 213) No. of active projects
PPM Growth 297 (2024: 269) No. of maintenance contracts
Following an approach from US based company MC Dean Inc it was decided by the Directors to accept an offer for the purchase of the business. This was concluded in Dec 25. M.C. Dean Inc, the ultimate parent company of the Bells Power Group Companies, is a $2.7 Billion company organised and incorporated in the United States with operations worldwide, including existing operations in the United Kingdom. M.C. Dean designs, builds, operates, and maintains cyber-physical solutions for mission-critical facilities, secure environments, complex infrastructure, and global enterprises. The synergies and external investment that this provides will future proof the growth of the Group and allow it to increase its market share and continue to grow and diversify its market presence as M. C. Dean provides financial, operational and administrative support to the group.
On behalf of the board
The directors present their annual report and financial statements for the year ended 30 June 2025.
The results for the year are set out on page 8.
Ordinary dividends were paid amounting to £1,052,867. The directors do not recommend payment of a further dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, and of the profit or loss of the group for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies for the financial statements and then apply them consistently;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
We have audited the financial statements of Bells Power Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the group profit and loss account, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
Conclusions relating to going concern
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 group's and parent 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.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor'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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
No separate Statement of Comprehensive Income has been presented as there is no movement through other comprehensive income in the year.
As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £1,260,669 (2024 - £786,400 profit).
Bells Power Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit 8, Belvedere Business Park, Crabtree Manorway South, Belvedere, Kent, DA17 6AH.
The group consists of Bells Power Group Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The consolidated group financial statements consist of the financial statements of the parent company Bells Power Group Limited together with all entities controlled by the parent company (its subsidiaries).
All financial statements are made up to 30 June 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
Generally subsidiaries are fully consolidated from the date upon which control is transferred to the Group using the acquisition method of accounting. However, in accordance with FRS 102, the acquisition of the company's subsidiaries has been treated as a group reconstruction. This requires the company to prepare its consolidated accounts for the group as if the company has owned the pre-existing business of its subsidiaries throughout the current and prior reporting periods of the group. This is because there has been no substantive economic change in the wider group of companies as a result of the acquisition of the subsidiaries. Accordingly, the group's consolidated results are presented for each of the two years ended on 30 June 2025, as if it had always owned the subsidiaries.
Group reconstructions do not require a fair value assessment of the subsidiary assets acquired or the consideration paid. No goodwill is created on acquisitions accounted for as a group reconstruction.
At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future.
Following an approach from US based company MC Dean Inc it was decided by the Directors to accept an offer for the purchase of the business. This was concluded in Dec 25. M.C. Dean Inc, the ultimate parent company of the Bells Power Group Companies, is a $2 Billion company organised and incorporated in the United States with operations worldwide, including existing operations in the United Kingdom. M.C. Dean designs, builds, operates, and maintains cyber-physical solutions for mission-critical facilities, secure environments, complex infrastructure, and global enterprises. The synergies and external investment that this provides will future proof the growth of the Group and allow it to increase its market share and continue to grow and diversify its market presence as M. C. Dean provides financial, operational and administrative support to the group.
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue, which excludes value added tax and other sales taxes, comprises the value of services provided. Revenue is recognised in the profit and loss account on receipt of submitted payment applications based on stage completion of projects by quantity surveyors.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the group’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.
Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.
In the parent company financial statements, investments in associates are accounted for at cost less impairment.
Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes 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.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less 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.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership 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.
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 group after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
Specifically, judgements and estimates are required in determining the valuation of stock, amounts recoverable on contracts and the recoverability of debtors.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:
On 23 August 2024, the entire shareholding of Bells Power Services Limited, Bells Mechanical & Electrical Services Limited and Powersource Projects Ltd together with the remaining shares of Bells Power Control Systems Limited were transferred to Bells Power Group Limited as part of a group restructure.
Details of the company's subsidiaries at 30 June 2025 are as follows:
Obligations under finance leases is £23,315 (2024: £16,284) which are secured against the assets to which they relate.
Included within other creditors is amounts relating to factoring with Bibby Factors Limited of £1,087,249 (2024: £938,566) in which the company has secured its book debts and the freehold property located at Unit 8 Belvedere Business Park, Crabtree Manorway South, Belvedere, Kent which is owned by controlling parent Bells Power Group Limited.
Obligations under finance leases is £34,049 (2024: £41,079) which are secured against the assets to which they relate.
Bank borrowings is Barclays loan facility under the Bounce Back Loan (BBL) scheme whereby the Secretary of State for Business, Energy and Industrial Strategy has provided a guarantee to the bank under the terms of the BBL scheme.
The BBL loan is repayable in monthly instalments and interest is charged at a fixed 2.5 percentage points. The carrying value at the year end was £11,240 (2024: £21,667).
Finance lease payments represent rentals payable by the group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the financial year, the Company subdivided each ordinary share of £1.00 into ten ordinary shares of £0.10 each. The subdivision did not alter the total issued share capital of the Company but increased the number of ordinary shares in issue on a ten-for-one basis.
Following the share subdivision, the Company issued a further 10,889 ordinary shares of £0.10 each in exchange for shares in certain subsidiaries in part of a group reconstruction. As a result, the Company's issued share capital increased by £1,088.90.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
On 22 December 2025, the entire share capital of the parent company, Bells Power Group Limited, was acquired by Bells Power Acquisition Co. Limited.
The ultimate parent is now M.C. Dean Inc, a company incorporated in Virginia, USA.
The acquisition represents a significant strategic milestone for the Group. M.C. Dean acquired a 75% ownership interest in Bells Power Group, with the remaining 25% retained by members of the legacy Bells leadership team. This ownership structure reflects a long-term partnership that combines M.C. Dean's global scale, financial strength, and multidisciplinary engineering capabilities with the highly experienced Bells management and engineering team, whose technical expertise, longstanding customer relationships, and reputation for delivering complex standby power, critical infrastructure, controls, and service solutions have established Bells as a recognized market leader in the United Kingdom.
The continued ownership and leadership participation of the legacy Bells management team provides continuity for customers, employees, and business partners while preserving the specialist engineering knowledge and technical capabilities that have been fundamental to the Group's success. Together, the combined organization is positioned to deliver expanded engineering solutions, greater innovation, enhanced project execution capabilities, and increased access to international markets, while maintaining the technical excellence and customer-focused approach for which Bells is known.
After the year end Unit 8 Belvedere Business Park, Belvedere, Kent, DA17 6AH was sold.
The company has taken advantage of the exemption in FRS 102 1AC.35 "Related Party Disclosures" from disclosing transactions with other members of the group.
Amounts owed to and from other group companies are provided interest free and without security.
On the 23 August 2024, three companies previously under common control became part of the Bells Power Group Limited group. From the 1 July 2024 up until this date, there were related party sales of £404,722 (2024: £3,094,593), and purchases of £48,628 (2024: £6,478,538) with these entities.
At 30 June 2024, there were debtors due from these entities of £270,544 and creditors due to these entities of £1,839,001.