HC Deb 20 January 1976 vol 903 cc445-7W
Mr. Stanley

asked the Secretary of State for Industry how many people were employed by (a) Appledore Shipbuilders Limited, (b) British Leyland Limited, (c) Ferranti Limited, (d) Govan Shipbuilders Limited, (e) KTM Machine Tools (Holdings) Limited, (f) Marathon Shipbuilding Company (UK) Limited, (g) North East

Company Number employed when Government first took shares Number employed now (most up-to-date available figures)
Appledore Shipbuilders Ltd … … (30th September 1974) (31st December 1975)
1,430 1,340
British Leyland Ltd … … (11th August 1975) (31st December 1975)
184,000 179,700
(155,000 in U.K.) (151,500 in U.K.)
Ferranti Ltd. … … (31st August 1975) (31st December 1975)
15,700 15,390
Govan Shipbuilders Ltd … … (30th September 1972) (31st December 1975)
4,470 5,810
Marathon Shipbuilding Co. (U.K.) Ltd. … … (10th January 1975) (9th January 1976)
1,900 1,750
North East Coast Ship Repairers Ltd. … … (19th September 1974) (30th November 1975)
2,960 2,890
Rolls Royce (1971) Ltd … … (1st March 1971) (14th January 1976)
63,000 60,000
Sunderland Shipbuilders Ltd. … … (30th September 1974) (30th November 1975)
6,090 6,560
Triang Pedigree Ltd. … … (1st June 1975) (31st December 1975)
380 470
KTM Machine Tools (Holdings) Ltd. and SB (Realisations) Ltd. are both holding companies and have no employees.

Mr. Stanley

asked the Secretary of State for Industry what were the profits or losses in each of the last four six-monthly periods for which figures are available of the following companies; (a) Appledore Shipbuilders Limited, (b) Ferranti Limited, (c) Govan Shipbuilders Limited, (d) KTM Machine Tools (Holdings) Limited, (e) Marathon Shipbuilding Company (U.K.) Limited,

Mr. Gregor Mackenzie

The following is the information:

Coast Ship Repairers Limited, (h) Rolls-Royce (1971) Limited, (i) SB (Realisations) Limited, (j) Sunderland Shipbuilders Limited, and (k) Triang Pedigree Limited, at the time when the companies' shares were first acquired by the Department of Industry; and how many are employed now.

Mr. Kaufman

The figures are as follows:

(f) North East Coast Ship Repairers Limited, (g) Rolls-Royce (1971) Limited, (h) SB (Realisations) Limited, (i) Sunderland Shipbuilders Limited, and (j) Triang Pedigree Limited.

Mr. Kaufman

Six-monthly audited figures are not available for many of these companies, but the available figures are as follows:

Company Period covered by account Profit/Loss (before taxation)
Appledore Shipbuilders Ltd. 1st October 1972–30th September 1973 … 1,439,838 (Profit)
1st October 1973–30th September 1974 … 378,551 (Profit)
Ferranti Group 1st April 1973–31st March 1974 … 457,000 (Profit)
1st April 1974–31st March 1975 … 84,000 (Profit)
Govan Shipbuilders Ltd. 28th December 1972–28th December 1973 … 2,204,000 (Loss)
29th December 1973–28th December 1974 … 5,317,000 (Loss)
KTM Machine Tools (Holdings) Ltd. 1st August 1974–29th December 1974 … 3,617,782 (Loss)
Marathon Shipbuilding Co. (UK) Ltd. 29th December 1972–28th December 1973 … 1,310,609 (Loss)
29th December 1973–31st December 1974 … 1,617,068 (Loss)
North East Coast Ship Repairers Ltd. 1st October 1972–30th September 1973 … 719,000 (Profit)
1st October 1973–31st March 1974 … 604,000 (Profit)
1st April 1974–30th September 1974 … 467,000 (Profit)
Rolls Royce (1971) Ltd 1st January 1973–31st December 1973 … 26,500,000 (Profit)
1st January 1974–31st December 1974 … 16,700,000 (Profit)
Sunderland Shipbuilders Ltd. 1st October 1973–30th September 1974 … 6,439,000 (Loss)
1st October 1974–30th September 1975 … 1,823,000 (Profit)
Triang Pedigree Ltd. 1st January 1974–31st June 1974 … 392,000 (Loss)
1st July 1974–31st December 1974 … 355,000 (Loss)
1st January 1975–31st June 1975 … 475,000 (Loss)
1st July 1975–31st December 1975 … 548,000 (Loss)
Figures for Ferranti Ltd. are not available.
SB (Realisations) Ltd. is a holding company which exists to hold 69½ per cent. of the shares in Short Bros. and Harland Ltd; as such it does not engage in trading.