CROSSWATER 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 101

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the current financial position, order book, available liquid assets and bank facilities, along with the forecast trading and cash flow position (including the downside scenario set out above concluding that the extreme sales decline scenarios are of remote probability), the directors have not identified a material uncertainty which may cast significant doubt on the ability of the group to continue as a going concern. Accordingly, these financial statements are prepared on the going concern basis.”

Group structure

1. CROSSWATER LIMITED · parent
   1. Adora Bathrooms Limited 100% · United Kingdom · Dormant company

Significant events

• “In September 2024, the company acquired the business of Showerwall, out of the administration of International Decorative Surfaces Limited (IDS). Showerwall produces wall panelling systems for bathrooms, which are an alternative to tiles. This is a fast growing segment of the bathroom market and Showerwall provides a strong strategic fit with the rest of the group.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -20.6%

  £91,005,000 → £72,264,000

• Cash

  -54.7%

  £9,818,000 → £4,446,000

• Net assets

  +2.4%

  £72,409,000 → £74,180,000

• Employees

  -1.2%

  256 → 253

• Operating profit

  -92.5%

  £14,869,000 → £1,113,000

• Profit before tax

  -95.2%

  £14,425,000 → £688,000

• Wages

  -12.4%

  £9,694,000 → £8,491,000

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