CULINA ASSET MANAGEMENT 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

  +121.2%

  £76,837,000 → £169,984,000

• Cash

  —

  Not reported

• Net assets

  -783.6%

  -£1,112,000 → -£9,826,000

• Employees

  +76.2%

  63 → 111

• Operating profit

  -104.4%

  £2,774,000 → -£121,000

• Profit before tax

  -54,004.5%

  £22,000 → -£11,859,000

• Wages

  +60.7%

  £2,950,000 → £4,740,000

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.

1. CULINA ASSET MANAGEMENT LIMITED 2021-10-01 → present
2. MMI DISTRIBUTION LIMITED 2019-03-13 → 2021-10-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's directors have considered the trading forecasts until December 2025 ("the forecast period") of the Culina Group (Culina Group Limited and its subsidiary undertakings) of which this Company is a member. In addition to preparing the trading forecasts, the directors of the Company and of the overall Culina Group have considered potential downside sensitivities within the forecast period which they believe adequately address any reasonably foreseeable events and circumstances that may be relevant to the Company and the wider Culina Group. Sensitivities considered primarily relate to the impact of material reductions in trading volumes and potential impact on operating costs. Culina Group, encompassing each of its subsidiaries, is satisfied that it has sufficient contracted facilities from both third parties and members of the UTM Group to provide sufficient headroom against the sensitised cash flow forecasts for the Culina Group as a whole, and this Company.”

Significant events

• “Following the end of the current year, the Company drew down on group loan facilities to finance the continuing expansion of the commercial vehicle fleet. £15,000k was drawn down on group loan facilities existing at the end of the current year. A new £70,700k group loan facility was granted and drawn down in April 2024. A further new £70,000k group loan facility was granted in September 2024, and remains undrawn as of the date of these financial statements.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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