Simon Carves Engineering Limited

The principal activity of the Group in the year under review was that of providing comprehensive engineering services and technology know how across the global process industry sector, focusing on petrochemicals and process-based industries. Since the acquisition in August 2016 by ECI, the Group's capabilities have been significantly enhanced particularly in relation to green plant development, plant optimisation, de-bottlenecking, and product offerings. Within the next financial year, the business expects to continue to support the high-pressure engineering needs of our strategic clients and technology partners, while growing in other polymer technologies. The future pipeline of secured order book and potential orders remains strong and varied providing a base workload into year 2026 and beyond. During 2024 and 2025 economic risk has emerged due to the impact on the global effect of the Russia/Ukraine conflict which has created global inflation within the supply chain. In addition, the Polyolefins sector has faced pressure due to oversupply of polymers in the marketplace. The directors closely monitor potential impacts to the Group's future workload and put in place mitigation strategies to negate any impact. Despite the global uncertainty affecting all Companies and economies, the Group is expecting to secure further engineering works in the polymer and chemical sectors to be executed during the forthcoming 2026 financial year and build upon its successful entry into the delivery of niche technical driven support services to global polymer clients.