ROMAX TECHNOLOGY LTD.

• ⚠

  Material uncertainty over going concern

  On 4 September 2025, the Company's ultimate controlling party, Hexagon AB, announced that it had entered into a definitive agreement to sell its Design & Engineering division ("D&E"), which includes the Company, with the transaction being expected to close in the first quarter of 2026, subject to customary closing conditions and regulatory approvals. As a result, it is not possible for the directors of the Company to predict the intention of the purchasers with regards to future plans, startegy and funding. These conditions, along with the other matters explained in note 1.2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ROMAX TECHNOLOGY LTD. 1995-06-26 → present
2. INTER TECHNOLOGY RESEARCH (NEWARK) LIMITED 1989-02-24 → 1995-06-26
3. TURNCREST LIMITED 1989-02-09 → 1989-02-24

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 4 September 2025, the Company's ultimate controlling party, Hexagon AB, announced that it had entered into a definitive agreement to sell its Design & Engineering division ("D&E"), which includes the Company, with the transaction being expected to close in the first quarter of 2026, subject to customary closing conditions and regulatory approvals. As a result, it is not possible for the directors of the Company to predict the intention of the purchasers with regards to future plans, startegy and funding. These conditions, along with the other matters explained in note 1.2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.”

Group structure

1. ROMAX TECHNOLOGY LTD. · parent
   1. HMI India Pvt Ltd 0.1% · India · Software development & license distribution
   2. Romax Technology (Hangzhou) Ltd 1% · China · Transmission software, sales & consultancy

Significant events

• “On 4 September 2025, the Company's ultimate controlling party, Hexagon AB, announced that it had entered into a definitive agreement to sell its Design & Engineering division ("D&E"), which includes the Company, with the transaction being expected to close in the first quarter of 2026, subject to customary closing conditions and regulatory approvals.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  -0.4%

  £12,558,000 → £12,503,000

• Cash

  -63.6%

  £22,000 → £8,000

• Net assets

  -11.6%

  £13,969,000 → £12,342,000

• Employees

  -8.4%

  95 → 87

• Operating profit

  +14.4%

  £3,749,000 → £4,287,000

• Profit before tax

  +11%

  £4,327,000 → £4,801,000

• Wages

  -8.6%

  £5,691,000 → £5,204,000

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