CONTAINED AIR SOLUTIONS LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's ability to continue as a going concern is dependent on the ongoing financial support of the Group. At 31 March 2025, the Group was in breach of one of three financial covenants, which resulted in the reclassification of the Group's £12.0m term loan as a current liability in the Group financial statements. On 11 February 2026, the Group entered into an amendment letter to its financing arrangements, pursuant to which the lenders agreed to waive the covenant breaches, subject to certain conditions, including the approval of the Group's consolidated financial statements for the year ended 31 March 2025. The directors have considered the continued engagement and support of the Group's lenders and shareholders. together with the Group's forecasts and sensitivity analysis, and the Company's access to Group funding. These matters indicate that a mater.al uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern. Notwithstanding this material uncertainty, the directors have concluded that the going concern basis of accounting remains appropriate for the Company.

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

  +12.5%

  £9,559,587 → £10,756,863

• Cash

  +44.6%

  £2,204,103 → £3,187,603

• Net assets

  -24.4%

  £6,886,133 → £5,206,533

• Employees

  +24.1%

  58 → 72

  highest in 4 filed years

• Operating profit

  -21.6%

  £1,762,439 → £1,381,996

  lowest in 4 filed years

• Profit before tax

  -21.2%

  £1,822,812 → £1,437,189

  lowest in 4 filed years

• Wages

  +36.6%

  £2,461,240 → £3,363,236

  highest in 4 filed years

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

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's ability to continue as a going concern is dependent on the ongoing financial support of the Group. At 31 March 2025, the Group was in breach of one of three financial covenants, which resulted in the reclassification of the Group's £12.0m term loan as a current liability in the Group financial statements. On 11 February 2026, the Group entered into an amendment letter to its financing arrangements, pursuant to which the lenders agreed to waive the covenant breaches, subject to certain conditions, including the approval of the Group's consolidated financial statements for the year ended 31 March 2025. The directors have considered the continued engagement and support of the Group's lenders and shareholders. together with the Group's forecasts and sensitivity analysis, and the Company's access to Group funding. These matters indicate that a mater.al uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern. Notwithstanding this material uncertainty, the directors have concluded that the going concern basis of accounting remains appropriate for the Company.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.