PURMO GROUP (UK) LTD

• ⚠

  Material uncertainty over going concern

  Those forecasts are dependent on Purmo Group Plc continuing to honour the intra-group facility agreement, providing access to this facility as required. Purmo Group Plc has indicated its intention to continue to make available such funds as are needed by the company. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -4.1%

  £81,714,000 → £78,363,000

• Cash

  -11.1%

  £1,389,000 → £1,235,000

• Net assets

  -25.3%

  £8,657,000 → £6,463,000

  lowest in 4 filed years

• Employees

  -11.3%

  344 → 305

  lowest in 4 filed years

• Operating profit

  -276.9%

  -£7,293,000 → -£27,489,000

  lowest in 4 filed years

• Profit before tax

  -195%

  -£10,812,000 → -£31,895,000

  lowest in 4 filed years

• Wages

  -1.9%

  £14,139,000 → £13,870,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. PURMO GROUP (UK) LTD 2019-10-21 → present
2. RETTIG (UK) LIMITED 2005-06-22 → 2019-10-21
3. MYSON RADIATORS LIMITED 1999-12-07 → 2005-06-22
4. BLUE CIRCLE HEATING LIMITED 1990-12-21 → 1999-12-07
5. MYSON GROUP PUBLIC LIMITED COMPANY 1960-03-23 → 1990-12-21

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Those forecasts are dependent on Purmo Group Plc continuing to honour the intra-group facility agreement, providing access to this facility as required. Purmo Group Plc has indicated its intention to continue to make available such funds as are needed by the company. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “On 16th December 2024, 180,000,000 shares of £0.10 each were issued in a debt for equity exchange.”
• “A further 200,000,000 shares of £0.10 each were issued for cash consideration on 16th December 2024. The cash consideration was offset against the amounts due to Purmo Group Plc.”
• “In July 2024 the Court of Appeal upheld a June 2023 High Court ruling that may have consequences for defined benefit pension schemes.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.