RADIUS SYSTEMS LIMITED

1. RADIUS SYSTEMS LIMITED 2008-06-20 → present
2. UPONOR LIMITED 1983-01-26 → 2008-06-20
3. UPO PIPES LIMITED 1981-12-31 → 1983-01-26
4. MERTONPLAN LIMITED 1981-09-14 → 1981-12-31

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

UK-adopted international accounting standards

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have overseen the preparation of and have reviewed forecasts of trading results and cash flows for the Company for the period through to 31 December 2026 and, taking into account sensitivity analysis around reasonably foreseeable uncertainties and the facilities made available to the Group by a Royal Bank of Scotland invoice discounting facility with a maximum availability of £15.4m. The foreseeable uncertainties addressed include the macroeconomic issues of increasing interest rates and high inflation. The directors have therefore formed the view that the Company has sufficient resources to meet its ongoing requirements for the foreseeable future, being a period of not less than 12 months from the signing of this report. On this basis and having considered the individual projected trading results and cash flows of this entity, the directors have concluded that it is appropriate to prepare these financial statements on a going concern basis.”

Group structure

1. RADIUS SYSTEMS LIMITED · parent
   1. Radius Plastics Limited 100% · UK · Manufacture and sale of pipes
   2. Radius Subterra Limited 100% · UK · Design & installation of pipe applications
   3. Aeon International Europe sp.z.o.o. LLC 100% · Poland · Design, manufacture & distribution of valves
   4. Aeon International Gulf LLC 100% · United Arab Emirates · Design, manufacture & distribution of valves
   5. Radius (Foshan) Piping Systems Company Limited 100% · China · Administrative office

Significant events

• “In December 2024, certain product licences were temporarily revoked by regulatory authorities, which will result in a short-term impact on sales in the affected product lines. Management has worked closely with the relevant authorities to address the issues raised and are confident that the licences will be reissued during the second half of 2025.”
• “On 23 December 2024, the directors were informed that a product approval had been revoked by the relevant approval body. The directors are working to reinstate the certification as soon as possible, however there is a potential risk that the Company will receive claims from customers relating to product sold prior to the revocation being issued.”

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

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -3.9%

  £104,816,000 → £100,725,000

• Cash

  -33.5%

  £8,832,000 → £5,877,000

• Net assets

  -6.1%

  £57,127,000 → £53,626,000

• Employees

  +6.8%

  323 → 345

• Operating profit

  -46.4%

  £10,352,000 → £5,548,000

• Profit before tax

  -43.9%

  £10,586,000 → £5,935,000

• Wages

  +8.7%

  £14,817,000 → £16,108,000

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