FOOD SERVICE LOGISTICS LIMITED

• ⚠

  Material uncertainty over going concern

  The potential termination of the contract is outside the control of the directors and without such contract the company would cease to be a going concern. This situation therefore indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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

  +9%

  £50,120,112 → £54,615,432

• Cash

  -44.3%

  £5,982,726 → £3,335,121

• Net assets

  +78.3%

  £6,526,319 → £11,636,499

• Employees

  -7.6%

  448 → 414

• Operating profit

  +69.7%

  £3,377,967 → £5,732,114

• Profit before tax

  +63.1%

  £3,326,816 → £5,427,097

• Wages

  +6.1%

  £17,189,100 → £18,243,369

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. FOOD SERVICE LOGISTICS LIMITED 2022-07-22 → present
2. LINDE UK HOLDINGS NO.3 LIMITED 2020-11-20 → 2022-07-22

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The potential termination of the contract is outside the control of the directors and without such contract the company would cease to be a going concern. This situation therefore indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “Customer concentration risk - the company is dependent on a single customer under a contract that is due to end in 2028, creating a material uncertainty which may cast significant doubt on future performance.”
• “Reduction in km for the core fleet due to increased use of third party subcontract providers as a result of closure of the company's western distribution hub and the full year effect of the exit from the Scotland hub.”
• “Relocated its southern distribution operation to a larger and more modern warehouse facility, encompassing the latest refrigeration and lighting technology, which will help to offset the impact of increased operating space. The fit out of the new facility took place through the second half of 2024, with operations commencing in January 2025.”

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.