ZENTIA LIMITED

• ⚠

  Material uncertainty over going concern

  We draw your attention to note 1 of the financial statements, which indicate that the debt facilities relied upon by the Company within the forecast period is due to expire on 31 March 2025. These events and conditions, along with the other matters explained in note 1, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

1. ZENTIA LIMITED 2021-12-06 → present
2. CEILING SOLUTIONS LIMITED 2020-06-26 → 2021-12-06
3. ARMSTRONG WORLD INDUSTRIES LIMITED 1980-12-31 → 2020-06-26
4. ARMSTRONG CORK COMPANY LIMITED 1925-08-07 → 1980-12-31

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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to note 1 of the financial statements, which indicate that the debt facilities relied upon by the Company within the forecast period is due to expire on 31 March 2025. These events and conditions, along with the other matters explained in note 1, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. ZENTIA LIMITED · parent
   1. Zentia Profiles Limited 100% · UK · Manufacture and sale grid products
   2. Ceilings Solutions GmBH 100% · Germany · Sale of ceiling tiles

Significant events

• “The Company's loss for the financial year after taxation was £2.4 million (2023:£3.4 million profit). Turnover decreased by 12% to £48.0 million (2023: £54.7 million) primarily due to lower sales volumes as a result of continued economic challenges in the construction sector.”
• “Strong downward pressure on pricing and high production costs as the ramp up of new machinery installed during the significant capital investment program impacted both sales and margins, with the gross profit margin reduced to 11.6% (2023: 22.1%).”
• “A net actuarial loss of £0.6 million (2023: £0.6 million) was recognised in respect of the Company's defined benefit pension scheme during the year.”
• “A significant investment is planned in 2025 to refurbish existing equipment with a view to improved energy efficiency.”
• “In July 2024, the court of appeal dismissed the appeal brought by Virgin Media Limited against aspects of the June 2023 decision related to the validity of certain historical changes concerning pension schemes.”

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.

• Turnover

  -12.2%

  £54,749,000 → £48,083,000

• Cash

  -80.2%

  £570,000 → £113,000

• Net assets

  -6.5%

  £46,631,000 → £43,623,000

• Employees

  -5.4%

  186 → 176

• Operating profit

  -152.8%

  £3,281,000 → -£1,734,000

• Profit before tax

  -195.5%

  £2,716,000 → -£2,594,000

• Wages

  +21.7%

  £8,788,000 → £10,691,000

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