UNITED MOLASSES TRADING LIMITED

Values shown as filed in the company's annual accounts. — 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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities, together with the factors likely to affect its future development and position, are set out in the Strategic Report. The company is part of a cash pooling arrangement and party to the United Molasses group's external debt facility, with the covenants for this facility assessed on the group results. Therefore, given the nature of the funding structure, the company is dependent on the group for support. The directors of the company's parent undertaking United Molasses Group Limited have provided a letter indicating that they have the ability to provide and will provide financial support to the company to 31 December 2026 as required. In assessing the appropriateness of the going concern basis of accounting, the directors have prepared cash flows for the group to 31 December 2026. The group's cash flows show sufficient financial headroom in relation to liquidity of the group and financial covenants associated with the external debt. The group is able to operate within its existing facilities with sufficient headroom to fund any additional cash requirements under reasonably possible sensitivities and is well placed to manage its business risk successfully. The directors believe that all worst case downside scenarios are remote. Based on the 2025 consolidated results of United Molasses Group Limited, the external debt facilities and the cash flow projections to 31 December 2026, the directors are satisfied that United Molasses Group Limited has sufficient cash and liquidity to provide this support as required. In particular, the directors of the company and of United Molasses Group Limited have considered the financial performance and cash flows of the group which indicate they expect to continue to be cash generative and meet its obligations as they fall due for the period to 31 December 2026. On the basis of their enquires, the letter of support provided by United Molasses Group Limited, and the reasonable expectations that the United Molasses Group will continue as a going concern, the directors have concluded that the company will be able to continue in operational existence for the period to 31 December 2026. Accordingly the directors continue to adopt the going concern basis of accounting in preparing the company's annual financial statements.”

Group structure

1. UNITED MOLASSES TRADING LIMITED · parent
   1. UM Bulk Liquids Trinidad Limited 100% · Trinidad · Molasses trading
   2. Nederlandse Melasse Limited 100% · United Kingdom · Marine chartering

Significant events

• “On 19 November 2025 the company declared a final dividend of £3.05 per share.”
• “On 27 November 2025 the company refinanced its existing bank loans and entered into new 5-year loan facilities.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.