KEELING & WALKER,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

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

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is expected to continue to have access to adequate funding resources for at least twelve months following the date of signing the financial statements, and has received confirmation that the long-term loan facility detailed in note 15 to these financial statements will be available until at least 30 June 2026. The directors are confident that the parent company will not reduce the level of funding such that the Company would not be able to continue to trade for the period of twelve months following the signing of the financial statements. The Company participates in the Group's centralised treasury arrangements and so shares banking arrangements with its parent and fellow subsidiaries. On the basis of their assessment of the Company's financial position and of the enquiries made of Amalgamated Metal Corporation PLC, the Company's directors have a reasonable expectation that the Company will be able to continue in operational existence for at least twelve months following the date of signing the financial statements. As market and prices begin to stabilise and with a plan in place to increase the production of new product, we expect profitability to remain stable. The Company is well placed to manage the business risks successfully and has a reasonable expectation that it has adequate resources to continue in operational existence for more than 12 months. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. KEELING & WALKER,LIMITED · parent
   1. Thermox Performance Materials GmbH 100% · Germany · provision of administrative services and marketing

Significant events

• “Significant investment in a new R&D building will be seen in 2025 to continue our development of new and existing products.”
• “As at 31 December 2024 the company had contracted to the building of new R&D facilities amounting to £1,505,688 (2023 - nil).”

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

Filings

3

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.

• Turnover

  +30.7%

  £17,635,479 → £23,050,790

• Cash

  -64.8%

  £479,792 → £168,925

• Net assets

  +19.8%

  £3,033,041 → £3,635,051

• Employees

  0%

  34 → 34

• Operating profit

  +58.1%

  £992,123 → £1,568,551

• Profit before tax

  +111.9%

  £621,924 → £1,317,587

• Wages

  +23.6%

  £1,210,893 → £1,497,113

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