CITY PLUMBING SUPPLIES HOLDINGS LIMITED

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  Material uncertainty over going concern

  Melbourne Topco Limited has indicated its intention to continue to make available such funds as are needed by the Company and that it does not intend to seek repayment of the amounts currently due to the Group during the going concern assessment period. 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 as of 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.

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  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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. CITY PLUMBING SUPPLIES HOLDINGS LIMITED 2002-06-25 → present
2. CITY PLUMBING SUPPLIES HOLDINGS PLC 1990-12-07 → 2002-06-25
3. QUADRANT CONTRACT MANAGEMENT PLC 1990-04-05 → 1990-12-07

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Melbourne Topco Limited has indicated its intention to continue to make available such funds as are needed by the Company and that it does not intend to seek repayment of the amounts currently due to the Group during the going concern assessment period. 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 as of 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

• “The Company selected, designed, and implemented a new SAP accounting system to be integrated with other financial software. The new system went live at the start of January 2026.”
• “The Company also implemented a new SAP ERP system at the beginning of the year, which is in a period of hypercare to resolve a number of issues post implementation.”
• “The ultimate shareholder (H.I.G. Capital group) is supportive of the Group and in the early part of 2026 demonstrated this through a cash injection of £80m to strengthen the financial position, enabling the reduction in expensive supply chain finance and providing liquidity following the business challenges arising from the implementation of a new ERP system.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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