AIREX TECHNOLOGIES LTD

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. AIREX TECHNOLOGIES LTD 2023-05-16 → present
2. U-FLOOR TECHNOLOGIES LTD 2016-02-22 → 2023-05-16

Accounting basis

FRS 102

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Affinia

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. After reviewing the Company's forecasts and projections, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”

Significant events

• “Following the balance sheet date the Company raised additional equity of £900,000 and has in excess of £1,300,000 in cash and cash equivalents as at the signature date.”
• “The Company also has access to a loan facility of over £900,000 with more than £200,000 still available for drawdown. This loan is to be repaid over 48 months, with the first of those repayments not falling due until October 2026.”
• “The Company has a strong pipeline of projects where Airex products have already been specified, supporting forecasts of revenue in excess of £4m over the next 12 months.”
• “On 3rd April 2025, a share issue of 28,012 A shares, with a par value of £0.001, took place for £27.4617 per share with an aggregate value of £769,257.”
• “On 2nd May 2025, a further share issue of 5,147 A shares, with a par value of £0.001, took place for £27.4617 per share with an aggregate value of £141,346.”

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

Filings

14

last 12 months

Capital events

7

last 24 months

Officers appointed

2

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.