GROWTH TECHNOLOGY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Albert Goodman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 original financial statements were authorised for issue.”

Group structure

1. GROWTH TECHNOLOGY LIMITED · parent
   1. Hydrodynamics International Inc 50% · United States · manufacturing and distribution of horticultural products

Significant events

• “During the 2024/25 financial year, the Company delivered another steady performance across all markets, despite ongoing challenges in the global trading environment. As anticipated, reduced levels of disposable income in key markets placed pressure on consumer demand; however, the Company demonstrated resilience through proactive management and strategic focus.”
• “The senior leadership team implemented a range of initiatives to mitigate these challenges and protect margins, including exploring new market opportunities, targeted investment in machinery, and continuing to progress a rebrand in key markets to modernise the product offering and support long-term sustainability.”
• “The reduction in profits reflects a controllable elected operational spend, not expected to recur in 2026, and an aborted spend on a new ERP system.”
• “The company acquired the trade and assets of Spidermite during the year. The directors are confident that this product brand will complement the company's existing product range.”

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

2

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

  -2.3%

  £10,942,664 → £10,691,189

• Cash

  +5.8%

  £13,273,747 → £14,038,084

• Net assets

  +4%

  £17,688,591 → £18,387,525

• Employees

  0%

  47 → 47

• Operating profit

  -44.4%

  £1,692,641 → £941,651

• Profit before tax

  -36.3%

  £1,903,508 → £1,213,210

• Wages

  +47.9%

  £1,495,704 → £2,212,316

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