NEOVIA LOGISTICS SERVICES (U.K.) LIMITED

1. NEOVIA LOGISTICS SERVICES (U.K.) LIMITED 2012-08-01 → present
2. CATERPILLAR LOGISTICS SERVICES (UK) LIMITED 1997-07-16 → 2012-08-01
3. ALL WHEEL DRIVE (MANUFACTURING) LIMITED 1987-09-15 → 1997-07-16
4. SACREDGULF LIMITED 1987-06-02 → 1987-09-15

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

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the letter of support issued by Neovia Logistics LP, an indirect Parent of the Company, and after considering the group wide assessment performed in relation to the group continuing as a going concern, the directors feel it is appropriate to prepare these financial statements on a going concern basis.”

Significant events

• “The Company participates in an internal Cash Pooling and Management Agreement that was implemented on 6th June 2017.”
• “On February 1, 2022, the Company received a notice of logistics services agreement's termination from one of its customers. On April 5, 2022, the Company and the customer entered into the transition and settlement agreement retrospectively effective from February 1, 2022. Under the transition and settlement agreement the Company recognized £18,535,000 loss for previously not recognized contract penalties.”
• “On November 1, 2022, Neovia Logistics LP ("NLP"), an indirect Parent of the Company, completed a recapitalisation transaction (the "Recapitalisation") which reduced NLP's debt by approximately $420,000,000 and provided approximately $60,000,000 of combined cash infusion and future financing commitment to support growth opportunities from an investor group led by funds managed by Oaktree Capital Management, L.P., Ares Management and Vector Capital (collectively the "Investor Group").”

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

  -25.6%

  £136,810,000 → £101,851,000

• Cash

  -51.2%

  £761,000 → £371,000

• Net assets

  -45%

  £38,859,000 → £21,360,000

• Employees

  -35.1%

  1,077 → 699

• Operating profit

  -126.2%

  £13,055,000 → -£3,426,000

• Profit before tax

  -111%

  £14,408,000 → -£1,586,000

• Wages

  -26.2%

  £32,493,000 → £23,987,000

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