ASCEND PERFORMANCE MATERIALS EUROPEAN LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Figures converted to GBP from EUR at 0.864 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate for the following reasons. The Company manages its day-to-day working capital requirements from available cash balances. The directors have prepared cash flow forecasts for a period of 15 months from the date of approval of these financial statements which indicate that the company will have sufficient funds to meet its liabilities as they fall due for that period. 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 15 months from the date of approval of the financial statements and therefore has prepared the financial statements on a going concern basis.”

Significant events

• “The 2023 period has been a difficult period with a decrease in net sales of 22.1% vs 2022. The majority of this decrease (16%) was driven by the distribution of US produced products, less significant (-6.1%) from the sales of EU-produced products.”
• “A dividend of €1,350,000 has been paid in the year 2023 (2022 €Nil) and an interim dividend of €2.000.000 has been paid in the year 2024.”
• “We continue to see pressure on the demand levels in 2024 with a slight recovery expected by Q4.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.