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Carclo has said it plans to appoint HaysMac LLP as its new independent auditor for the financial year ending 31 March 2026, subject to shareholder approval at its annual general meeting on 26 September.
The company confirmed it had received a notice of resignation from Forvis Mazars LLP, which stepped down as auditor with effect from 16 September.
In a statement filed under section 519 of the Companies Act 2006, Forvis Mazars said it had resigned for commercial reasons and that there were no issues to be brought to the attention of shareholders or creditors.
Carclo, which is listed on the London Stock Exchange, designs and manufactures high-precision components for sectors including life sciences, aerospace and optics.
Carclo generates around £121.2m in revenue (FY25) and employs about 958 staff across 11 sites. Its operations are divided broadly into a CTP (design, precision moulding and assembly) division and a Speciality division (including aerospace, precision components, cable and optical elements).
In its trading update for the year ended 31 March 2025, Carclo reported that trading had “exceeded management expectations,” notably benefiting from margin expansion in the second half. Net debt including leases fell sharply to £19.3m from £29.5m the prior year, a reduction of £10.2m.
