HENRY BATH & SON 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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors, having made such enquiries as they considered appropriate regarding the availability of sufficient working capital, have prepared the financial statements on a going concern basis. Cash-flow forecasts have been prepared to the 31st December 2027. The group has funding from the parent companies of up to $10m until August 2027 of which $7.194m is currently being utilised at the year end however no additional funding requirement is expected.”

Group structure

1. HENRY BATH & SON LIMITED · parent
   1. Henry Bath Singapore Pte Limited 1% · Singapore · Warehousing
   2. Henry Bath BV 1% · Netherlands · Warehousing
   3. Henry Bath LLC 1% · USA · Warehousing
   4. Henry Bath Warehousing (Shanghai) Co Ltd 1% · China · Warehousing
   5. Henry Bath B.V.B.A 0.99% · Belglum · Warehousing

Significant events

• “Revenue increased significantly during the year from $39,622k in 2024 to $51,960k for 2025, reflecting the success of the initiatives aimed at increasing volumes across the group. While these initiatives successfully increased throughput and stock holding, they also resulted in a higher cost of sales In the short term. As a result, the overall profitability has declined from a profit before taxation in 2024 of $73k to a loss before taxation of $6,856k. During the year, there has been a decrease in cash of $3,819k this is due to payments made to secure the increase in stock holding and throughput and as a result of the loss for the year of $6,818k offset by a net receipt of loan financing of $3,075k.”

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

  +31.1%

  £39,622,000 → £51,960,000

• Cash

  -41.1%

  £9,296,000 → £5,477,000

• Net assets

  -57.8%

  £11,791,000 → £4,973,000

• Employees

  +10.6%

  66 → 73

• Operating profit

  -15,379.5%

  £44,000 → -£6,723,000

• Profit before tax

  -9,491.8%

  £73,000 → -£6,856,000

• Wages

  +23.7%

  £4,463,000 → £5,520,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers