FRANKI FOUNDATIONS UK LIMITED

• ◆

  3 officer resignations in last 12 months

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

1. FRANKI FOUNDATIONS UK LIMITED 2014-07-29 → present
2. ABLE PILING AND CONSTRUCTION LIMITED 1994-02-14 → 2014-07-29

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

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 financial statements are authorised for issue.”

Group structure

1. FRANKI FOUNDATIONS UK LIMITED · parent
   1. Martello (Holdings) Limited 100% · UK
   2. Able Piling & Construction Limited 100% · UK
   3. Martello Piling Limited 100% · UK
   4. High Mead Developments Limited 100% · UK

Significant events

• “On 3rd September 2025, Statom Group completed the acquisition of Franki Foundations.”
• “On the same date, the Company's bank loans outstanding were repaid in full.”
• “Immediately prior to the sale, the outgoing immediate parent company, Franki Foundations Belgium s.a, performed a debt to equity swap which removed £7,150,000 of liabilities and resulted in the issuance of a further 7,150,000 £1 ordinary shares.”
• “This, along with historic debt waivers provided by Franki Foundations Belgium s.a, meant that £15,703,444 of debt outstanding at year end and included in note 20 was extinguished.”

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

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -45.4%

  £23,524,727 → £12,842,416

  lowest in 3 filed years

• Cash

  -76.4%

  £505,586 → £119,427

• Net assets

  -358.3%

  £2,644,982 → -£6,831,912

  lowest in 3 filed years

• Employees

  -22.7%

  66 → 51

  lowest in 3 filed years

• Operating profit

  -639.4%

  £1,654,851 → -£8,926,142

  lowest in 3 filed years

• Profit before tax

  -860%

  £1,246,883 → -£9,476,894

  lowest in 3 filed years

• Wages

  -15.8%

  £3,313,722 → £2,790,483

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