MAPEI (UK) LIMITED

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is expected to continue to be profitable and generate positive cash flows for the foreseeable future. The Company has a net asset of £38.1m and a cash balance of £7.0m at year end... Based on the enquiries the Directors have made regarding future forecasts and available funding of Mapei group, the Directors believe that the Group has the ability to provide the support to meet the Company's needs over the period of 12 months from the date of approval of these financial statements. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. MAPEI (UK) LIMITED · parent
   1. Wykamol Group Limited 100% · Manufacture of Chemical Products and Electrical installation
   2. Lectros International Limited 100% · Activities of Head Office

Significant events

• “Acquisition of Lectros International Limited and its wholly owned subsidiary, Wykamol Group Limited on 30 September 2024 for a total consideration of £23.1m (including a deferred consideration of £4.4m, which is payable in April 2026 and adjustments to initial consideration of £0.8m as per the sale and purchase agreement).”
• “Subsequent to the year end, the directors have agreed to hive up the trade and net assets of Wykamol Group Limited at net book value, totalling to £3.4m into the company following a Transfer Agreement dated 31 January 2025, initially for loan consideration. This will result in the difference between the investment value and net assets hived up being transferred to goodwill in 2025.”

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

Filings

3

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

  +5.2%

  £102,537,732 → £107,894,409

• Cash

  +302.5%

  £1,727,863 → £6,954,939

• Net assets

  +22.6%

  £31,091,664 → £38,105,948

• Employees

  +11.6%

  327 → 365

• Operating profit

  +11%

  £8,317,602 → £9,232,879

• Profit before tax

  +10.4%

  £8,590,476 → £9,482,576

• Wages

  +18.1%

  £13,900,798 → £16,410,973

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