AALBERTS HFC LIMITED

1. AALBERTS HFC LIMITED 2024-11-01 → present
2. FLAMCO LIMITED 2013-01-29 → 2024-11-01
3. FLAMCO UK LIMITED 1997-12-31 → 2013-01-29
4. FLAMCO BREFCO LIMITED 1994-06-01 → 1997-12-31
5. BREFCO (UK) LIMITED 1986-06-09 → 1994-06-01
6. BREFCO (NORTHERN) LIMITED 1970-05-28 → 1986-06-09

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As disclosed in the financial statements, the ultimate parent company of Aalberts hfc Limited is Aalberts N.V., is registered in the Netherlands. Both the immediate and ultimate parent companies continue to support Aalberts hfc Limited. On the basis of their assessment of the Company's financial position the Company's directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. A letter has been provided by Aalberts Finance BV in respect of the loan which is repayable on 28 April 2026 and have confirmed that repayment will not be demanded between the time from the signing of these accounts and the repayment date of the loan. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. AALBERTS HFC LIMITED · parent
   1. Sentinel Performance Solutions Group Limited 100% · England and Wales · leading suppliers of water treatment products for residential and commercial central heating and hot water systems

Significant events

• “Turnover in the year was £24,052,174 (2023: £21,742,250) an increase of 10.6% compared to the previous year. This was primarily due to an increase in project-related sales specifically in the data centre market”
• “Gross profit margins increased to 43.94% (2023: 36.69%) as a result of a transfer pricing correction from a prior years from the parent company which has had an impact on the previous year margin”
• “Operating profit in the year has increased significantly in comparison to the prior year to £4,911,411 (2023: £2,683,974) due to a correction of transfer pricing from the parent company in the previous year.”
• “Stock value has decreased to £2,659,608 (2023: £2,955,798) mainly as a result of a transfer of stock of a particular product line to a group company at the end of the 2024 period”
• “The debtor position has increased in value on the prior year to £4,610,404 (2023: £3,737,804) due to increased revenue in the year resulting in higher receivables owed at the end of the period”
• “The creditor position has decreased to £20,478,407 compared to the prior year (2023: £23,945,473) due to a repayment of the group loan during the year.”
• “The movements mentioned above led to a slightly less favourable cash position at the end of the year at an amount of £6,421,633 compared to the prior year (2023: £6,776,980).”

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

Filings

4

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.

• Turnover

  +10.6%

  £21,742,250 → £24,052,174

• Cash

  -5.2%

  £6,776,980 → £6,421,633

• Net assets

  +10.9%

  £34,424,276 → £38,193,464

• Employees

  +4.1%

  49 → 51

• Operating profit

  +83%

  £2,683,974 → £4,911,411

• Profit before tax

  +85.1%

  £2,720,199 → £5,034,316

• Wages

  +24.5%

  £2,333,864 → £2,905,876

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