SPONGE UK LIMITED

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

  -19.6%

  £11,062,884 → £8,898,239

  lowest in 4 filed years

• Cash

  +154.9%

  £154,607 → £394,031

• Net assets

  -90.2%

  -£1,648,071 → -£3,134,039

  lowest in 4 filed years

• Employees

  -16.1%

  149 → 125

  lowest in 4 filed years

• Operating profit

  -8.1%

  -£1,375,751 → -£1,487,329

  lowest in 4 filed years

• Profit before tax

  -7.9%

  -£1,377,331 → -£1,485,968

  lowest in 4 filed years

• Wages

  -26.1%

  £9,231,230 → £6,823,976

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite uncertain macroeconomic conditions, increased liquidity support from investors, the company is in a strong position to continue to meet its working capital requirements and credit obligations. The trading projections of the business indicate ongoing profitable growth and cashflow generation and on this basis the directors are satisfied that the financial statements should continue to be prepared on a going concern basis.”

Significant events

• “Revenues traded lower this financial year to £8.9m (2024: £11.1m). Continued economic uncertainty in the market halted growth prospects in the year. The company reported a loss for the financial year of £1.5m (2024: £1.3m loss). The loss for the current financial year includes reorganisation costs of £0.4m (2024: £0.4m), depreciation and amortisation costs of £1.3m (2024: £1.2m).”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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