Elring Klinger (Great Britain) Limited - Limited company accounts 25.1

REGISTERED NUMBER: 02181033 (England and Wales)

STRATEGIC REPORT, DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ELRING KLINGER (GREAT BRITAIN) LIMITED

Page

Company Information

1

Strategic Report

2

Directors' Report

4

Report of the Independent Auditors

6

Statement of Profit or Loss and Other Comprehensive

Income

9

Statement of Financial Position

10

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

DIRECTORS:

Mr. R. H. Drews

Mr. J. Jessulat

Mr. D. O. Willers

Mr. D. Fowlds

REGISTERED OFFICE:

Troisdorf Way

Kirkleatham Business Park

Redcar

TS10 5RX

REGISTERED NUMBER:

02181033 (England and Wales)

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

The Directors present their annual report and the financial statements of the Company for the year ended 31 December 2025.

REVIEW OF BUSINESS

Performance

The Company's total revenue in the year (2025) has increased by 3.1% from the previous year (2024) with part sales level. The Company recorded an operating profit of £1,234k (£141k 2024), with a net profit of £942k (£100k 2024) for the financial year.

A stable order book is visible up to 2030 and a business plan is in place showing a profitable situation for each of these years.

The Company was partially protected from fluctuations in energy costs through ownership of its 500kW wind turbine. This benefit was further enhanced by ongoing initiatives to improve operational efficiency, including close management of the order book and production planning activities. These measures supported lean manufacturing principles and reduced unnecessary operating hours.

The statement of financial position on page 11 of the financial statements shows the Company's financial position at the end of the year. The company has paid a dividend back to the shareholder in the sum of £3m.

Measurement

The Company uses a range of financial and non-financial Key Performance Indicators (KPIs) to monitor performance. These KPIs are reviewed regularly by the Board and senior management. The Directors consider the Company's measurement and reporting framework to be effective and appropriate for the size and complexity of the business.

Key measurements of financial performance used by the Company are turnover, gross profit percentage and operating profit percentage calculated as reported on the face of the statement of comprehensive income. For the year under review, turnover was £19.83m (2024: £19.24m) with a gross profit of £2.18m (2024: £1.88m). The gross profit in percentage terms was 10.97% (2024: 9.8%), and the operating profit in percentage terms was 6.22% (2024: 0.7%).

Other key measures include; Return on Capital Employed at 10.4% (2024: 0.1%), Free Cash Flow of £1,613k (2024: £3,257k), and Net Working Capital ratio 24.5% (2024: 25.5%).

PRINCIPAL RISKS AND UNCERTAINTIES

Risk and uncertainties

The Company faces three principal risks that could impact future performance: energy costs, labour cost inflation, and long-term dependence on Internal Combustion Engine (ICE) products.

Energy price volatility remains a key risk to manufacturing operations. To mitigate this exposure, the site benefits from renewable energy generation through its wind turbine and continues to pursue energy efficiency improvements. The business is also investigating opportunities under the British Industrial Competitiveness Scheme (BICS) to further reduce energy costs and enhance competitiveness.

Increasing labour costs continue to place pressure on manufacturing margins. The Company is addressing this through a strong focus on operational excellence, productivity improvements, automation, and continuous improvement initiatives aimed at offsetting cost increases while maintaining competitiveness.

The Company remains heavily focused on ICE-related products. While future regulatory changes present a long-term transition risk, several key customers have extended ICE programme lifecycles and increased forecast volumes, providing continued short- to medium-term opportunities. The Company continues to support these programmes while monitoring future market developments and exploring diversification opportunities as appropriate.

FUTURE DEVELOPMENTS

The Company's primary market continues to be the automotive sector, developing relationships with an increasing number of new customers. The Company is also looking for potential in the market for smaller batch production outside of ICE-related products to further support the product portfolio diversification.

ON BEHALF OF THE BOARD:

Mr. D. Fowlds - Director

22 September 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture of seals and shielding products for the automotive industry. There have not been any changes in the Company's principal activities in the year under review. The Directors are not aware, at the date of this report, of any intended major changes in the Company's activities in the next year.

DIVIDENDS

A dividend was paid during the year amounting to £3,000,000 in respect of the previous financial year.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

Mr. J. Jessulat has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mr. G. Pearson - appointed 1 May 2025

Mr. S. Braithwaite - resigned 30 May 2025

Mr. D. Fowlds was appointed as a director after 31 December 2025 but prior to the date of this report.

Mr. G. Pearson ceased to be a director after 31 December 2025 but prior to the date of this report.

There were no qualifying third-party indemnity provisions in force for the benefit of any of the Directors during the financial year.

DISCLOSURE IN THE STRATEGIC REPORT

The principle risks and uncertainties facing the company and the likely future developments have been outlined within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the 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 UK-adopted international accounting standards. 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:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state that the financial statements comply with IFRS;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr. D. Fowlds - Director

22 September 2026

Opinion

We have audited the financial statements of Elring Klinger (Great Britain) Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the UK.

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with IFRSs as adopted by the UK; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our 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 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

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the 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.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to Health & Safety and Employment law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed by the engagement team included:

-

discussions with management, including consideration of known or suspected instances of non-compliance with

laws and regulation and fraud;

-

evaluation and testing of the operating effectiveness of management's controls designed to prevent and detect

irregularities;

-

challenging assumptions and judgements made by management in their significant accounting estimates; and

-

identifying and testing journal entries, in particular any journal entries posted with unusual account combinations

or posted by senior management.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the 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 company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Donald Adams F.C.A. (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

22 September 2026

CONTINUING OPERATIONS

Revenue

3

19,832

19,235

Cost of sales

(17,656

)

(17,351

)

GROSS PROFIT

2,176

1,884

Other operating income

4

1,626

2,439

Distribution costs

(1,212

)

(1,494

)

Administrative expenses

(1,356

)

(2,688

)

OPERATING PROFIT

1,234

141

Finance costs

6

(24

)

(9

)

Finance income

6

89

61

PROFIT BEFORE INCOME TAX

7

1,299

193

Income tax

8

(357

)

(93

)

PROFIT FOR THE YEAR

942

100

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME

FOR THE YEAR

942

100

ASSETS

NON-CURRENT ASSETS

Owned

Intangible assets

10

1

4

Property, plant and equipment

11

6,108

6,725

Right-of-use

Property, plant and equipment

11, 19

306

89

6,415

6,818

CURRENT ASSETS

Inventories

12

2,207

3,590

Trade and other receivables

13

6,288

7,366

Contract assets

3

79

28

Tax receivable

320

415

Cash and cash equivalents

14

240

165

9,134

11,564

TOTAL ASSETS

15,549

18,382

EQUITY

SHAREHOLDERS' EQUITY

Called up share capital

15

500

Retained earnings

16

10,731

12,789

TOTAL EQUITY

11,231

13,289

LIABILITIES

NON-CURRENT LIABILITIES

Financial liabilities - borrowings

Lease liabilities

18, 19

214

35

Deferred tax

22

333

394

Provisions

21

46

48

593

477

CURRENT LIABILITIES

Trade and other payables

17

3,091

4,115

Contract liabilities

3

64

22

Financial liabilities - borrowings

Lease liabilities

18, 19

102

61

Tax payable

418

365

Provisions

21

50

53

3,725

4,616

TOTAL LIABILITIES

4,318

5,093

TOTAL EQUITY AND LIABILITIES

15,549

18,382

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

Mr. D. Fowlds - Director

Called up

share

Retained

Total

capital

earnings

equity

£'000

Balance at 1 January 2024

500

13,689

14,189

Changes in equity

Dividends

-

(1,000

)

(1,000

)

Total comprehensive income

-

100

Balance at 31 December 2024

500

12,789

13,289

Changes in equity

Dividends

-

(3,000

)

(3,000

)

Total comprehensive income

-

942

Balance at 31 December 2025

500

10,731

11,231

Cash flows from operating activities

Cash generated from operations

1

1,906

3,550

Interest paid on IFRS 16 leases

(24

)

(9

)

Tax paid

(270

)

(341

)

Net cash from operating activities

1,612

3,200

Cash flows from investing activities

Purchase of intangible fixed assets

-

(1

)

Purchase of tangible fixed assets

(88

)

(21

)

Sale of tangible fixed assets

-

18

Interest received

89

61

Net cash from investing activities

1

57

Cash flows from financing activities

Loan from Group Company

1,605

(2,181

)

Payment of lease liabilities

(143

)

(158

)

Equity dividends paid

(3,000

)

(1,000

)

Net cash from financing activities

(1,538

)

(3,339

)

Increase/(decrease) in cash and cash equivalents

75

(82

)

Cash and cash equivalents at beginning of

year

2

165

247

Cash and cash equivalents at end of year

2

240

165

1.	RECONCILIATION OF PROFIT BEFORE INCOME TAX TO CASH GENERATED FROM OPERATIONS

2025

2024

£'000

Profit before income tax

1,299

193

Depreciation charges

674

876

Loss/(profit) on disposal of fixed assets

34

(9

)

Depreciation on right of use assets

149

158

Impairment loss

-

911

Finance costs

24

9

Finance income

(89

)

(61

)

2,091

2,077

Decrease in inventories

1,426

402

(Increase)/decrease in trade and other receivables

(578

)

820

(Decrease)/increase in trade and other payables

(1,033

)

251

Cash generated from operations

1,906

3,550

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£'000

Cash and cash equivalents

240

165

Year ended 31 December 2024

31.12.24

1.1.24

£'000

Cash and cash equivalents

165

247

1.	STATUTORY INFORMATION

Elring Klinger (Great Britain) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Statement of compliance

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the UK in accordance with UK companies legislation, as applicable to companies reporting under IFRS.

The financial statements therefore comply with IFRS as adopted by the UK.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies adopted 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.

Basis of preparation

The financial statements have been prepared under historical cost convention except where IFRS requires or permits fair value measurement.

Amounts are rounded to the nearest thousand, unless otherwise stated.

Measurement convention

The preparation of financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors such as minimum order quantities for raw materials and knowledge of customer requirements that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years.

Company management discussed with the parent Company Audit Committee the development, selection and disclosure of the Company's critical accounting policies and estimates and the application of these policies and estimates. There are not considered to be any significant sources of estimation uncertainty in the current or prior year.

Going Concern

The directors believe that there is no material uncertainty in relation to going concern and the company has adequate financial resources as well as long-term contracts with customers and suppliers across different geographical areas to enable the Company to continue in operational existence for at least twelve months from the date of the signing of the financial statements. Note twenty to the financial statements includes the Company's objectives, policies and processes for managing its capital, financial risk management objectives, details of financial instruments and exposure to foreign currency, credit and liquidity risk.

Revenue recognition

Revenue is recognised in accordance with IFRS 15. Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. Revenue from the sale of goods is recognised in the statement of comprehensive income when the significant risks and rewards of ownership have been transferred to the buyer. No revenue is recognised if there are significant uncertainties regarding recovery of the consideration due, associated costs or the possible return of goods.

The company does not have any significant financing components in its contracts with customers. Payment terms are typically within 30 to 90 days from invoice date.

The company maintains a provision for expected returns based on historical data and current trends.

The company enters into tooling arrangements with customers whereby it designs and manufactures tools used in the production of goods. Revenue from tooling is recognised in accordance with IFRS 15 - Revenue from Contracts with Customers.

Tooling revenue and costs incurred in relation to the building of tooling assets is recognised at the point of invoicing, once the tooling is complete and in full working order.

Cash and cash equivalents

Cash comprises cash balances and call deposits.

The ElringKlinger Group participates in a cash pooling arrangement whereby surplus cash from the subsidiary companies are transferred to the parent, as the central treasury entity. The parent manages group liquidity and advances funds to subsidiaries as needed.

Deposits with the parent are not classified as cash and cash equivalents due to restrictions on access and lack of independence. These balances are presented as amounts owed by group undertakings within trade and other receivables.

Intangible assets

Expenditure on development activities is capitalised if:

(a)

The product or process is technically and commercially feasible; and

(b)

the Company intends and has the technical ability and sufficient resources to complete development; and

(c)

future economic benefits are probable; and

(d)

if the Company can measure reliably the expenditure attributable to the intangible asset during its
development.

Development activities involve a plan or design for the production of new or substantially improved products or services. The expenditure capitalised includes the cost of materials, direct labour and an appropriate proportion of overheads and capitalised borrowing costs. Other development expenditure is recognised in the statement of comprehensive income as an expense as incurred. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses.

Other intangible assets that are acquired by the Company are stated at cost less accumulated amortisation and impairment losses.

Amortisation is charged to the statement of comprehensive income on a straight line basis over the estimated useful lives of intangible assets unless such lives are indefinite. Intangible assets are amortised from the date they are available for use. The estimated useful life is 5 years.

Property, plant and equipment

Items of property, plant and equipment are stated at historical cost less accumulated depreciation and impairment losses. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Gains and losses on disposal of an item of property, plant and equipment are determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and are recognised net within administration expenses in the statement of comprehensive income as incurred.

The Company recognises in the carrying amount of an item of property, plant and equipment the cost of replacing part of such an item when that cost is incurred, if it is probable that the future economic benefits embodied with the item will flow to the Company and the cost of item can be measured reliably. All other costs are recognised in the statement of comprehensive income as an expense as incurred.

Depreciation is charged to the statement of comprehensive income on a straight-line basis over the estimated useful lives of each part of an item of property, plant and equipment.The estimated useful lives are as follows:

Buildings 40 years

Plant and equipment 10 - 15 years

Computer equipment 3 - 5 years

Land is not depreciated.

Financial instruments

Financial instruments issued by the Company are treated as equity (i.e. forming part of shareholders' funds) only to the extent that they meet the following two conditions:

(i)

they include no contractual obligations upon the Company to deliver cash or other financial assets or to
exchange assets or financial liabilities with another party under conditions that are potentially
unfavourable to the Company; and

(ii)

where the instrument will or may be settled in the Company's own equity instruments it is either a
non-derivative that includes no obligation to deliver a variable number of the Company's own equity
instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash
or other financial assets for a fixed number of its own equity instruments.

To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

Non-derivative financial instruments

Non-derivative financial instruments comprise investments in equity and debt securities, trade and other receivables, cash and trade and other payables.

Interest -bearing loans and borrowings

All interest-bearing loans and borrowings are initially recognised at net proceeds. After initial recognition the debt is increased by the finance cost in respect of the reporting period and reduced by repayments made in the period.

Trade and other receivables

Trade and other receivables are recognised initially at fair value. Impairments on doubtful receivables involve to a considerable extent estimates and judgements of the individual receivables based on the creditworthiness of the customer concerned. Should this not be possible or appropriate under certain circumstances, an average rating (which is based on the average of all the ratings obtained in the reporting period) is applied. Elring Klinger (Great Britain) Limited considers this estimate regarding ratings as appropriate.

Provisions

A provision is recognised in the balance sheet when the Company has a present legal or constructive obligation as a result of a past event that can be reliably measured, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects the risks specific to the liability.

Trade and other payables

Trade and other payables are recognised initially at fair value. Subsequent to initial recognition they are measured at amortised cost using the effective interest method.

Inventories

Inventories are stated at the lower of cost or net realisable value.

The cost of inventories is based on the weighted average purchase price principle and includes expenditure incurred in acquiring the inventories and bringing them to their existing location and condition. In the case of manufactured inventories and work in progress, cost includes an appropriate share of overheads based on normal operating capacity. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses.

In the majority of cases, the customers acquire beneficial ownership of tools. The tools are recognised under inventories until the transfer of beneficial ownership.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantially enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided for using the balance sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Temporary differences are not provided for in relation to the initial recognition of assets or liabilities that affect neither accounting nor taxable profit. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantially enacted at the balance sheet date. A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income taxes assets and liabilities relate to income taxes levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.

Research and development

Expenditure on development activities, involving a plan or design of new or substantially improved products or processes, is recognised in the statement of comprehensive income as an expense as incurred. R&D Tax credits are claimed and taxed as part of the Company's tax calculations. Assets pertaining to R&D projects have 100% tax allowances claimed.

Foreign currency

Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated to pounds sterling at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the statement of comprehensive income in the period that they arise.

Non monetary items which are measured in terms of historical cost denominated in foreign currency are reported using the exchange rate at the date of the transaction, and non-monetary items which are carried at fair value denominated in a foreign currency are reported using the exchange rates that existed at the date when the values were determined.

Leases

With effect from 1 January 2019 leases are accounted for in accordance with IFRS 16 as adopted by the UK .The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the assets remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Employee benefit costs

A defined contribution plan is a post-employment benefit plan under which the Company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the statement of comprehensive income in the years during which services are rendered by employees.

Impairment

The carrying amounts of the Company's assets, other than cash and deferred tax assets, are reviewed at each balance sheet date to determine whether there is any indication of impairment. If any such indication exists, the asset's recoverable amount is estimated.

An impairment loss is recognised whenever the carrying amount of an asset or its cash-generating unit exceeds its estimated recoverable amount. Impairment losses are recognised in the statement of comprehensive income.

Calculation of recoverable amount

The recoverable amount of assets is the greater of their net selling price and value in use. In assessing value in use, the estimated future cash flow are discounted to their present value using a pre-tax discount rate that reflects current market assessment of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash-generating unit to which the asset belongs.

Government grants

A government grant is recognised in the balance sheet initially as deferred income when there is reasonable assurance that it will be received and that the Company will comply with the conditions attaching to it. Grants that compensate the Company for expenses incurred are recognised as revenue in the statement of comprehensive income on a systematic basis in the same years in which the expenses are incurred. Grants that compensate the Company for the cost of an asset are recognised in the statement of comprehensive income as other operating income on a systematic basis over the useful life of the asset.

Share capital and dividend distribution

Ordinary shares are classified as equity. Dividend distribution to the company's shareholders is recognised as a liability in the company's financial statements in the year in which the dividends are approved by the company's shareholders.

3.

REVENUE

Segmental reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the board, who make strategic operating decisions.

2025

2024

£'000

UK

12,577

12,006

Europe

6,015

5,459

Rest of the world

1,240

1,770

19,832

19,235

2025

2024

£'000

Revenue at a point in time

19,781

19,301

Revenue recognised over time:

As at 1 January 2025

(28

)

(95

)

As at 31 December 2025

79

28

19,832

19,235

Revenue from contracts with customers

Contract balances

2025

2024

£'000

Contract assets

Current

Contract assets

79

28

Contract liabilities

Current

Contract liabilities

64

22

Contractual assets represents the revenue recognised over time, for goods sold within 7 days of the balance sheet date, where there is an obligation for the customer to accept the goods. Contract assets are reported as receivables when they have been billed. Contractual liabilities are the cost of sales in respect of the revenue over time. The movement in contractual assets and contractual liabilities are recorded against revenue and cost of sales in the year respectively.

4.	OTHER OPERATING INCOME

2025

2024

£'000

Other income (see note 24)

870

1,856

Sales service charge income

727

577

Commission income

29

6

1,626

2,439

5.	EMPLOYEES AND DIRECTORS

2025

2024

£'000

Wages and salaries

5,658

5,598

Social security costs

672

580

Other pension costs

559

525

6,889

6,703

The average number of employees during the year was as follows:

2025

2024

Production

126

141

Admin and selling

23

24

149

165

2025

2024

£

Directors' remuneration

99,263

90,000

Directors' pension contributions to money purchase schemes

76,619

76,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

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 £559,000 (2024: £525,000).

6.	NET FINANCE INCOME

2025

2024

£'000

Finance income:

Finance income

89

61

Finance costs:

Lease interest - IFRS 16

24

9

Net finance income

65

52

7.	PROFIT BEFORE INCOME TAX

The profit before income tax is stated after charging/(crediting):

2025

2024

£'000

Cost of inventories recognised as expense

7,130

8,053

Low value assets

23

6

Depreciation - owned assets

670

865

Depreciation - assets on hire purchase contracts or finance leases

148

158

Loss/(profit) on disposal of fixed assets

34

(9

)

Software development costs amortisation

3

7

Auditors' remuneration

30

28

Auditors' remuneration for non audit work

16

5

Foreign exchange differences

17

(3

)

8.	INCOME TAX

Analysis of tax expense

2025

2024

£'000

Current tax:

Tax

418

235

Deferred tax

(61

)

(142

)

Total tax expense in statement of profit or loss and other comprehensive

income

357

93

Factors affecting the tax expense

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£'000

Profit before income tax

1,299

193

Profit multiplied by the standard rate of corporation tax in the UK of 25%

(2024 - 25%)

325

48

Effects of:

Non-deductible expenses

32

33

tax rates

Adjustments in respect of prior years

-

14

Capital allowances in excess of depreciation

4

45

Other temporary differences

57

95

Deferred tax charge

(61

)

(142

)

Tax expense

357

93

The standard rate of corporation tax in the UK remains at 25%. The corporation tax rate applying for the year ended 31 December 2025 is 25%. (2024: 23.52%).

Pillar Two of the Organisation for Economic Co-Operation and Development's ("OECD's") Two Pillar Solution provides for the taxation of income of large groups at a minimum effective rate of 15% on a jurisdictional basis.

The Company is a subsidiary of Elring Klinger AG, which is incorporated in Germany, and is the ultimate parent undertaking for the Group. The Group is within scope of the OECD Pillar Two model rules.

Pillar Two legislation received Royal Assent on 11 July 2023 in the United Kingdom and applies to accounting periods beginning on or after 31 December 2023. As the Group's effective tax rate in the UK is above 15%, the Company does not suffer any additional Pillar Two top-up taxes by the application of Pillar Two.

The Company has applied the mandatory temporary exception to the requirements of IAS 12 under which a company does not recognise or disclose information about deferred tax assets and liabilities related to Pillar Two income taxes.

9.

DIVIDENDS

2025

2024

£'000

Ordinary shares shares of £1 each

Interim

3,000

1,000

10.	INTANGIBLE ASSETS

Software

development

costs

£'000

COST

At 1 January 2025

and 31 December 2025

391

AMORTISATION

At 1 January 2025

387

Amortisation for year

3

At 31 December 2025

390

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

4

The amortisation charge above is recognised in cost of sales in the statement of comprehensive income.

11.	PROPERTY, PLANT AND EQUIPMENT

Land and

Plant and

Computer

buildings

machinery

equipment

Totals

£'000

COST

At 1 January 2025

8,283

17,690

492

26,465

Additions

-

408

50

458

Disposals

-

(704

)

-

(704

)

Reclassification/transfer

-

(5

)

5

-

At 31 December 2025

8,283

17,389

547

26,219

DEPRECIATION

At 1 January 2025

3,725

15,469

457

19,651

Charge for year

260

530

28

818

Eliminated on disposal

-

(664

)

-

(664

)

At 31 December 2025

3,985

15,335

485

19,805

NET BOOK VALUE

At 31 December 2025

4,298

2,054

62

6,414

At 31 December 2024

4,558

2,221

35

6,814

Pursuant to IAS 36, in the previous financial year the directors carried out a detailed impairment review of property plant and equipment in the year resulting in an impairment totalling £911,000 in the original equipment segment, which was recognised through the statement of profit and loss in other operating expenses. This impairment was a result of changes in demand expectations in relation to heat shield technology in connection with the current transformation process in the automotive industry. The impairment is inline with the groups SHAPE30 transformation strategy. This was a one off impairment with no other impairments in the current financial year.

Plant and equipment includes assets under construction of £9,000 (2024: £17,000).

12.	INVENTORIES

2025

2024

£'000

Raw materials and consumables

1,300

1,946

Work-in-progress

760

727

Finished goods

147

917

2,207

3,590

The cost of inventories recognised as an expense in the year amounted to £7,130,000.

The write down of inventories recognised as an expense in the year is £181,000 (2024: £314,000) and is included in cost of sales.

13.	TRADE AND OTHER RECEIVABLES

2025

2024

£'000

Current:

Trade debtors

3,666

3,212

Provisions

(4

)

(9

)

Amounts owed by group undertakings

2,367

3,919

Other debtors

1

(1

)

Prepayments

215

241

Vendors with debit balances

43

4

6,288

7,366

Amounts owed by group undertakings includes a balance of £1,969,000 (2024: £3,573,000) in respect of a cash pooling arrangement whereby the company's closing bank balance is transferred to the parent company Elring Klinger AG at the end of each day. The remainder of the balance of £399,000 (2024: £345,000) owed by related parties is unsecured, interest free and are repayable on demand.

14.	CASH AND CASH EQUIVALENTS

2025

2024

£'000

Bank accounts

240

165

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

500,000

Ordinary shares

£1

500,000

The holders of ordinary shares are entitled to receive dividends as declared and are entitled to one vote per share at meetings of the company.

16.

RESERVES

Retained

earnings

£'000

At 1 January 2025

12,789

Profit for the year

942

Dividends

(3,000

)

At 31 December 2025

10,731

Retained

earnings

£'000

At 1 January 2024

13,689

Profit for the year

100

Dividends

(1,000

)

At 31 December 2024

12,789

Retained Earnings account represents cumulative comprehensive income, less any dividends paid.

17.	TRADE AND OTHER PAYABLES

2025

2024

£'000

Current:

Trade creditors

1,194

1,661

Amounts owed to group undertakings

760

1,073

Social security and other taxes

100

94

Non-trade payables & accrued expenses

375

988

VAT

662

299

3,091

4,115

Amounts owed to group companies are unsecured and operate under net 60 days payable trading terms.

18.

FINANCIAL LIABILITIES - BORROWINGS

2025

2024

£'000

Current:

Leases (see note 19)

102

61

Non-current:

Leases (see note 19)

214

35

Terms and debt repayment schedule

1 year or

less

1-2 years

2-5 years

Totals

£'000

Leases

102

88

126

316

19.

LEASING

Right-of-use assets

Property, plant and equipment

2025

2024

£'000

COST

At 1 January 2025

521

546

Additions

371

45

Disposals

(414

)

(70

)

478

521

DEPRECIATION

At 1 January 2025

432

344

Charge for year

148

158

Eliminated on disposal

(408

)

(70

)

172

432

NET BOOK VALUE

306

89

Cash payments relating to IFRS 16 leases were £161,000 (2024: £167,000).

Depreciation amounts of £124,000 (2024: £129,000), £14,000 (2024: £18,000) and £11,000 (2024: £11,000) have been recognised in cost of sales, distribution costs and administrative expenses respectively.

Other leases

2025

2024

£'000

Low-value assets leases

23

6

Lease liabilities

Minimum lease payments fall due as follows:

2025

2024

£'000

Gross obligations repayable:

Within one year

123

66

Between one and five years

239

38

362

104

Finance charges repayable:

Within one year

21

5

Between one and five years

25

3

46

8

Net obligations repayable:

Within one year

102

61

Between one and five years

214

35

316

96

20.	FINANCIAL INSTRUMENTS

Overview

The Company has exposure to the following risks from its use of financial instruments:

-Credit risk

-Liquidity risk

-Currency risk

This applies to:

Trade and other receivables

The fair value of trade and other receivables is estimated as the present value of future cash flows, discounted at the market rate of interest at the balance sheet date, if the effect is material.

Trade and other payables

The fair value of trade and other payables is estimated as the present value of future cash flows, discounted at the market rate of interest at the balance sheet date, if the effect is material.

Cash and cash equivalents

The fair value of cash is estimated as its carrying amount where the cash is repayable on demand. Where it is not repayable on demand then the fair value is estimated at the present value of future cash flows, discounted at the market rate of interest at the balance sheet date.

Capital management

The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework.

The Company's capital management policies are designed to identify and analyse risks, set appropriate limits and controls and monitor adherence to those limits. These policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s operations.

There was no change in the Company's approach to capital management during the year. The Company uses cash held, working capital balances and undrawn facilities to enable the Company to continue as a going concern and to maximise returns for stakeholders. The Company is not subject to externally imposed capital requirements.

No financial instruments, derivatives, or commodity contracts were used during the year, other than those disclosed.

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty fails to meet its contractual obligations. The Company is exposed to credit risk primarily through its trade and other receivables and cash balances.

Trade and other receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. Approximately 36% (2024: 28%) of the Company's receivables is attributable to sales transactions with a single customer.

The Company has implemented a credit policy under which each new customer is assessed for creditworthiness before standard payment and delivery terms are offered. This assessment includes external credit ratings where available. Purchase limits are established and reviewed regularly for each customer.

Sales are made under retention of title clauses, providing the Company with a secured claim in the event of non-payment. The Company does not require collateral for trade and other receivables and does not hold credit insurance. Credit checks are performed on new and existing customers as necessary, and a structured collection process is in place to minimise exposure to bad debts.

Financial assets and liabilities

The Company's main financial assets comprise trade receivables arising from the Company's activities and cash at bank.

The Company's capital structure is as follows:

2025

2024

£'000

Cash

240

165

Equity

10,731

12,789

Other than the trade and other payables, the Company had no financial liabilities within the scope of Financial instruments are accounted for in accordance with IFRS 9 Financial Instruments.

Fair values

The fair value of the Company's financial assets and liabilities is not materially different from their carrying values.

Statement of comprehensive income

Details of finance income and expenses are included in note 6.

Financial risk management

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. This risk arises principally from the Company’s receivables from customers.

The Company maintains long-standing trading relationships with most of its customers and has historically experienced a low level of debt default.

Exposure to credit risk

The Company’s exposure to credit risk is considered low, given the nature and reliability of the customers with whom outstanding balances are held. The carrying amount of financial assets represents the maximum exposure to credit risk.

At the balance sheet date, the maximum exposure to credit risk was £6.27m (2024: £7.29m):

2025

2024

£'000

Trade and other receivables (including related parties)

6,029

7,122

Cash and cash equivalents

240

165

6,269

7,287

The maximum exposure to credit risk for trade and other receivables at the balance sheet date by geographic region was:

2025

2024

£'000

Domestic

2,792

2,016

Euro-zone countries

2,998

4,708

United States

213

208

Other regions

26

190

6,029

7,122

All sales in the current and prior year were made to customers who are Original Equipment Manufacturers (OEM).

The Company's most significant customer accounts for £1.42m (2024: £990k) of the trade receivables carrying amount at the end of the year.

Credit quality of financial assets and impairment losses

The ageing of trade and other receivables at the balance sheet date was

Gross

Impairment

Gross

Impairment

2025

2024

£'000

Not past due

5580

6,479

-

Past due 0-30 days

350

378

-

Past due 31-120 days

83

210

-

More than 120 days

16

(4

)

55

(9

)

6,029

(4

)

7,122

(9

)

The movement in the allowance for impairment in respect of trade receivables during the year was as follows:

2025

2024

£'000

Balance at 1 January 2025

9

18

Impairment loss recognised(reversed)

(5

)

(9

)

Balance at 31 December 2025

4

9

The allowance account for trade receivables is used to record impairment losses unless the Company is satisfied that no recovery of the amount owing is possible, at that point the amounts considered irrecoverable are written off against the trade receivables directly.

Liquidity risk

Liquidity risk is the risk of loss resulting from the inability to meet financial obligations in full and on time as they fall due. The Company manages this risk by assessing total liquidity requirements over the short, medium, and long term, and by actively controlling the inflows and outflows of funds in line with these requirements.

Liquidity needs are met through operating cash flows and the integration of a cash pooling arrangement within the Elring Klinger Group. This arrangement provides access to group-wide liquidity resources, enhancing the Company’s ability to meet its obligations.

Due to effective cash flow management throughout the reporting period, the Company did not experience any material or quantifiable liquidity risk.

The following table shows the contractual cash flow maturities of financial liabilities:

2025

0-1

2024

0-1

Total

Years

Total

Years

£'000

Trade and other payables

1,954

2,736

Foreign currency risk

The Company is exposed to foreign currency risk arising from sales and purchases denominated in currencies other than its functional currency. The primary exposures are to the Euro and US Dollar (USD).

The Company does not enter into formal hedging arrangements. However, management seeks to mitigate currency risk by matching foreign currency expenditure with foreign currency income wherever possible.

The Company's exposure to foreign currency risk is as follows:

Sterling

Euro

US Dollar

Total

31 December 2024

£'000

Cash and cash equivalents

11

136

18

165

Trade receivables*

6,281

797

53

7,131

Trade payables*

(1,099

)

(1,617

)

(20

)

(2,736

)

Net exposure

5,193

(684

)

51

4,560

Sterling

Euro

US Dollar

Total

31 December 2025

£'000

Cash and cash equivalents

11

192

37

240

Trade receivables*

5,421

577

31

6,029

Trade payables*

(769

)

(1,185

)

-

(1,954

)

Net exposure

4,663

(416

)

68

(4,315

)

* includes related party balances

Sensitivity analysis

The Company has considered foreign currency risk as follows:

A 10 percent strengthening or weakening in the value of Sterling against the Euro and US Dollar during the year ended 31 December 2025 would have increased equity and profit before tax by £31,000 (2024: £31,000).

These calculations assume that the change in exchange rates occurred at the balance sheet date and were applied to the existing risk exposures at that date, with all other variables held constant.

21.	PROVISIONS

2025

2024

£'000

Other provisions

96

101

Analysed as follows:

Current

50

53

Non-current

46

48

96

101

Provisions represent warranty provisions.

22.	DEFERRED TAX

2025

2024

£'000

Balance at 1 January

394

535

Short term timing differences

(12

)

131

Fixed asset timing differences

(49

)

(272

)

Balance at 31 December

333

394

23.	ULTIMATE PARENT COMPANY AND PARENT COMPANY OF A LARGER GROUP

The Company is a subsidiary undertaking of Elring Klinger AG, incorporated in Germany, which is the ultimate parent company and ultimate controlling party. The smallest and largest group of undertakings in which the results are consolidated is that headed by Elring Klinger AG. The consolidated financial statements of this company are available to the public and may be obtained from the following address:

Elring Klinger AG

Max Eyth - Strasse 2,

D-72581, Dettingen/Erms,

Germany

24.	RELATED PARTY DISCLOSURES

Identity of related parties

The Company has a related party relationship with its parent Company Elring Klinger AG, other Group companies and its Directors.

Residual transaction net margin method

Included in other income is an amount of £272,000 relating to a so called residual transaction net margin method introduced by ElringKlinger Group. The residual transactional net margin method gears the group companies towards a routine margin by means of license rates set by the group that vary depending on the region. License fee expenses in the year totalled £282,000, the resultant net impact of this method is a decrease in profit before tax of £10,000.

Transactions with key management personnel

The Directors are deemed to be the only key management personnel of the Company. The Directors who served during the year have no direct interest (including those of their immediate families) in the voting shares of the Company.

The compensation paid or payable to key management for employee services is shown below :

2025

2024

£'000

Directors remuneration

99

90

Directors pension contribution to money purchase schemes

77

76

176

166

All the above advances were interest free and were unsecured, with no fixed repayment terms.

25.	EVENTS AFTER THE REPORTING PERIOD

The directors confirm there were no events after the reporting period requiring adjustment to, or disclosure in, these financial statements.

26.	RELATED PARTY DISCLOSURES

During the year the Company had the following transactions with related parties:

Purchas

es

Payables

Outstanding

Purchases

Payables

Outstanding

2025

2024

£'000

Elring Klinger AG

3,891

(751

)

4,769

(1,054

)

Elring Klinger SAU

70

(6

)

129

(8

)

Elring Klinger do Brazil Ltda

3

-

4

-

Elring Klinger Switzerland AG

-

7

-

Elring Klinger Automotive Manufacturing Inc

-

1

7

(6

)

Elring Klinger China Ltd

22

-

63

-

Elring Klinger Meillor SAS

4

-

4

-

Elring Klinger Italia Slr

1

-

2

-

Elring Klinger Automotive Components India Pvt Ltd

9

(4

)

9

(5

)

4,000

(760

)

4,994

(1,073

)

Payment terms are all 60 days net and are not secured and settlement is by cash in the currency of invoice.

Sales

Receivables

Outstanding

Sales

Receivables

Outstanding

2025

2024

£'000

Elring Klinger AG

938

2,245

1,818

3,749

Elring Klinger Kunststofftechnik GmbH EKT

-

17

-

17

Elring Klinger SAU

-

2

10

Elring Parts Limited

-

12

-

Elring Klinger USA Inc.

-

836

2

Elring Klinger Switzerland AG

-

21

3

Elring Klinger Automotive Manufacturing Inc

-

25

Elring Klinger South Africa (Pty) Limited

-

1

13

Elring Klinger China Ltd

-

4

Elring Klinger Meillor SAS

-

2

1

Elring Klinger Canada

-

2

Elring Klinger Automotive Components India Ptv Ltd

17

4

7

13

Elring Klinger Korea Co Ltd

-

6

Hofer Powertrain Products UK Limited

124

-

3

50

ElringKlinger Hungary Kft.

106

101

33

16

ElringKlinger Mexico

1

-

Elring Klinger Italia

-

2

Changchun Elring Klinger Ltd

-

6

1,186

2,367

2,735

3,919