ETEX UK INSULATION LIMITED

1. ETEX UK INSULATION LIMITED 2024-12-18 → present
2. SUPERGLASS INSULATION LIMITED 1987-11-27 → 2024-12-18
3. SAVECHIEF LIMITED 1987-09-02 → 1987-11-27

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

Reporting scope

Standalone (parent only)

Auditor

PwC UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied the Group has the ability to provide support, if required. In reaching this conclusion they considered the resources the Group has in place and available to it and their forecast business plans. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the year, the Company issued ordinary shares at par value, which were fully subscribed by its immediate parent undertaking. The transaction strengthens the Company's capital base and reflects the ongoing financial support from the wider Group.”
• “On 17th December 2024, the company changed its name from Superglass Insulation Limited to Etex UK Insulation Limited. The change was officially registered with Companies House on the 18th December 2024, and all future financial statements and business activities will reflect this new name.”
• “In January 2025 the Company acquired certain property rights and operational assets from its sister company URSA UK Limited. This post balance sheet event forms part of a wider group reorganisation to consolidate URSA insulation products within the UK under a single trading entity and enhance operational efficiency.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -14.2%

  £68,392,000 → £58,710,000

• Cash

  -48.8%

  £9,874,000 → £5,057,000

• Net assets

  +55.2%

  £23,959,000 → £37,182,000

• Employees

  -2.1%

  190 → 186

• Operating profit

  -38.6%

  £10,695,000 → £6,565,000

• Profit before tax

  +36.6%

  £4,207,000 → £5,746,000

• Wages

  -4.8%

  £9,243,000 → £8,802,000

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