Chesterfield Special Cylinders Holdings plc AIM:CSC
- Incorporated
- United Kingdom
- Chief executive
- Chris Walters
- Employees
- 112
- Reports in
- GBP
- Companies House
- 06135104
Read straight from the annual reports
36.0p at close on 5 Oct 2026 · 11 reported years, 2015–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Defence newbuild and lifecycle contracts for UK and overseas navies (submarines and surface ships)
Defence revenue £12.8m (2024: £11.1m), up 15%, reflecting overseas newbuild contract growth and record UK Integrity Management deployments
page 9Hydrogen storage and transportation systems (static storage, road trailers)
Hydrogen revenue £2.6m (2024: £1.7m), highest on record, reflecting in-factory lifecycle services and bp Aberdeen Hydrogen Hub contract milestones
page 10Overhead cost reduction realised in H1 FY25
Overhead costs at £6.3m were 5% lower than last year (2024: £6.6m restated) due to planned cost savings
page 10Gross margin improvement
Gross margin improved to 39% (2024: 33%), gross profit £6.4m (2024: £4.9m restated)
page 10£593k charge: Exceptional costs relating to sale of PMC (transaction advisor fees, legal costs, management incentive bonuses)
page 61A robust defence order book and significant opportunities in the UK hydrogen market underpin a positive outlook for significant earnings growth in FY26, with contract revenues weighted heavily towards the second half of the year. Further strong revenue growth is anticipated from FY27 onwards.
page 5No dividends paid or proposed in FY25 (2024: nil). No formal dividend policy statement disclosed beyond this.
page 11Directors adopted going concern basis; projections to end of March 2027 show the Group can meet obligations for at least 12 months. Company had no bank loans/overdrafts at year end; net cash position £2.1m post PMC sale proceeds. Sensitised scenarios considered loss of all future hydrogen newbuild projects and delays to defence contract placements; Directors concluded sufficient mitigating actions available. Auditor Cooper Parry Group Limited issued an unqualified (true and fair) opinion with no material uncertainty on going concern identified; key audit matter was revenue recognition (procedures found no material misstatements). Group materiality £166,000 (1% of revenue).
page 25- Global economic conditions, political uncertainty (tariffs, trade policy) and market sector volatility affecting defence and hydrogen salesp.16
- Foreign exchange exposure on overseas contracts/currencies (USD, EUR)p.17
- Governmental policy, regulation, legislation and compliance changes, including UK defence budget and hydrogen (HAR) policy riskp.17
- Health, safety and environment risk at heavy industrial manufacturing facilityp.17
Read from C000281-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 5 Feb 2027