FORMICA HOLDCO (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have considered the company's current and future prospects and its availability of financing, to assess the company's ability to pay its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Formica Holdco (UK) Limited relies on funding from its parent company, Broadview Materials B.V. The fact that the company's parent undertaking Broadview Materials B.V. does not provide a formal letter of financial support constitutes a material uncertainty that may cast significant doubt with regard to the Company's ability to continue as a going concern. However, since its acquisition of Formica Holdco (UK) Limited, Broadview Materials B.V. has provided all necessary financial support to the company to meet its obligations as they fall due and the directors have no reason to believe that the parent company's financial support to enable it to sustain its current operations will not continue for the next twelve months. Therefore, the directors continue to adopt the going concern basis of preparation for these financial statements, given the expectation of financial support being received from Broadview Materials B.V. for a period of at least 12 months from the date of approval of these financial statements. Accordingly the financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would be required if the Company were unable to continue as a going concern.

1. FORMICA HOLDCO (UK) LIMITED 1998-04-24 → present
2. OXENBROOK LIMITED 1998-03-11 → 1998-04-24

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have considered the company's current and future prospects and its availability of financing, to assess the company's ability to pay its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Formica Holdco (UK) Limited relies on funding from its parent company, Broadview Materials B.V. The fact that the company's parent undertaking Broadview Materials B.V. does not provide a formal letter of financial support constitutes a material uncertainty that may cast significant doubt with regard to the Company's ability to continue as a going concern. However, since its acquisition of Formica Holdco (UK) Limited, Broadview Materials B.V. has provided all necessary financial support to the company to meet its obligations as they fall due and the directors have no reason to believe that the parent company's financial support to enable it to sustain its current operations will not continue for the next twelve months. Therefore, the directors continue to adopt the going concern basis of preparation for these financial statements, given the expectation of financial support being received from Broadview Materials B.V. for a period of at least 12 months from the date of approval of these financial statements. Accordingly the financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would be required if the Company were unable to continue as a going concern.”

Group structure

1. FORMICA HOLDCO (UK) LIMITED · parent
   1. Formica Limited 100% · UK · Manufacture and marketing of laminates
   2. Formica IKI Oy 100% · Finland · Manufacture and marketing of laminates
   3. Formica SAS 100% · France · Marketing and distribution of laminates
   4. Formica Holdings GmbH 100% · Germany · Holding company
   5. Homapal GmbH 100% · Germany · Manufacture and marketing of metallic laminates
   6. Formica Danmark ApS 100% · Denmark · Marketing of laminates
   7. Formica Norge A/S 100% · Norway · Marketing of laminates
   8. Formica SP z.o.o. 100% · Poland · Marketing laminates
   9. Formica B.V 100% · Netherlands · Marketing laminates
   10. Formica Skandinavien A.B 100% · Sweden · Marketing and distribution of laminates
   11. Nordic Facade Solutions Oy 100% · Finland · Marketing of Laminates

Significant events

• “There were no material events subsequent to 31 December 2024 and up until the authorisation of the financial statements for issue, that have not been disclosed elsewhere in the financial statements.”

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

Filings

2

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £107,908,000 → £107,908,000

• Employees

  —

  Not reported

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