TATA CHEMICALS MAGADI LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have reviewed operations and near-term objectives of the Company with a view of improving the profitability and ensuring generations of cash from operations and cash preservations. The Directors are also confident that the Company will receive adequate support from its parent company to continue in operational existence for the foreseeable future despite there being material uncertainty over the going concern assumption of the entity due to the potential crystallization of the contingent liabilities of USD 87 million detailed in Note 27, against net assets of USD 60.00 million as at 31 March 2025 (2024: net assets of USD 75.58 million) and a profit for the year then ended of USD 13.18 million (2024: USD 16.96 million).. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. We draw attention to Note 2b to the financial statements which indicates that the company's ability to continue as a going concern is dependent on financial support from its ultimate parent company, Tata Chemicals Limited. In the event of the contingent liabilities in relation to claims against the company crystallizing, the company would not have sufficient resources to meet the potential liability and in this scenario, it is uncertain that Tata Chemicals Limited would provide support to the company. These events and conditions, along with other matters explained in Note 2b constitute a material uncertainty that may cast a significant doubt about the company's ability to continue as a going concern.

1. TATA CHEMICALS MAGADI LIMITED 2011-04-01 → present
2. THE MAGADI SODA COMPANY LIMITED 1924-12-29 → 2011-04-01

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

UK-adopted International Accounting Standards

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have reviewed operations and near-term objectives of the Company with a view of improving the profitability and ensuring generations of cash from operations and cash preservations. The Directors are also confident that the Company will receive adequate support from its parent company to continue in operational existence for the foreseeable future despite there being material uncertainty over the going concern assumption of the entity due to the potential crystallization of the contingent liabilities of USD 87 million detailed in Note 27, against net assets of USD 60.00 million as at 31 March 2025 (2024: net assets of USD 75.58 million) and a profit for the year then ended of USD 13.18 million (2024: USD 16.96 million).. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. We draw attention to Note 2b to the financial statements which indicates that the company's ability to continue as a going concern is dependent on financial support from its ultimate parent company, Tata Chemicals Limited. In the event of the contingent liabilities in relation to claims against the company crystallizing, the company would not have sufficient resources to meet the potential liability and in this scenario, it is uncertain that Tata Chemicals Limited would provide support to the company. These events and conditions, along with other matters explained in Note 2b constitute a material uncertainty that may cast a significant doubt about the company's ability to continue as a going concern.”

Significant events

• “Redemption of Preference Share Capital Disclosure - During the year under review, the company had paid USD 23.4 million to redeem preference shares resulting in a balance of USD 7,612 million as of 31 March 2025. On 23 May 2025, the company further redeemed and paid preference shares of USD 5.0 Million resulting in a balance of USD 2.612 million as of 28 May 2025.”
• “General Disclosure -Management continues to actively monitor the impact of the geopolitical tension in the middle east on the supply chain and the current global economic situation on the business operations and subsequently priced in the risks in the business financial projections in the near term and continues to monitor the likely impact of the unfolding events.”

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

8

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

  -7.3%

  £58,366,938 → £54,133,432

• Cash

  +150.8%

  £2,558,191 → £6,415,122

• Net assets

  -20.7%

  £36,516,679 → £28,940,697

• Employees

  +15.2%

  495 → 570

• Operating profit

  -29.2%

  £18,748,703 → £13,274,277

• Profit before tax

  -29.1%

  £18,434,396 → £13,073,388

• Wages

  +20.9%

  £4,813,936 → £5,817,643

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