CWT HOLDCO LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors are aware that the completion of the sale of the Company to Amex GBT is expected to be completed before the end of 2025. There is no guarantee that support will continue to be available to the Company subsequent to the anticipated sale. Therefore, this represents a material uncertainty related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.

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

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors are aware that the completion of the sale of the Company to Amex GBT is expected to be completed before the end of 2025. There is no guarantee that support will continue to be available to the Company subsequent to the anticipated sale. Therefore, this represents a material uncertainty related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. CWT HOLDCO LIMITED · parent
   1. CWT UK Group Ltd 100% · England · Provision of travel management services
   2. Harrin Limited 100% · Ireland · Provision of travel management services

Significant events

• “On March 25, 2024, American Express Global Business Travel ("Amex GBT"), which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) ("Amex GBT") announced that it had entered into a definitive agreement to acquire the Group. The transaction values the Group at approximately $540 million on a cash-free and debt-free basis, subject to certain assumptions and purchase price adjustments. The closing of the transaction is subject to the satisfaction of customary closing conditions. Considering the US Department of Justice communicated in July 2025 that it dismissed its claim against the merger, the Directors expect the transaction to be completed before the end of 2025.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £33,552,855 → £33,551,605

• Employees

  —

  Not reported

• Operating profit

  +26.5%

  -£1,700 → -£1,250

• Profit before tax

  +26.5%

  -£1,700 → -£1,250

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