PRINOVA SOLUTIONS EUROPE LIMITED

1. PRINOVA SOLUTIONS EUROPE LIMITED 2017-07-25 → present
2. LYCORED LIMITED 2005-11-17 → 2017-07-25
3. NUTRIBLEND LIMITED 2002-07-23 → 2005-11-17
4. MERCK SPECIALTY CHEMICALS LIMITED 2000-12-29 → 2002-07-23
5. NUTRIBLEND LIMITED 1999-06-24 → 2000-12-29
6. NUTRIBLEND GROUP LIMITED 1999-04-15 → 1999-06-24
7. TUNCO (1999) 102 LIMITED 1999-01-26 → 1999-04-15

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis. The company has net assets of £11.0m (2023: £14.1m). The company's ultimate parent company has provided a letter of support to enable the company to settle all liabilities falling due up to 31 December 2026. The directors have made enquiries and performed procedures to satisfy themselves that the group will be able and have the intent to provide the support pledged should it be called upon by the company during the assessment period.”

Significant events

• “extraordinary stock write-offs due to expiry date issues. These inventory concerns have since been resolved, and no further problems are anticipated.”
• “a write-off of certain intangible assets due to the termination of the migration to a new ERP system during the year.”
• “The 5.8% decrease in turnover is due to a combination of factors: decrease in sales in our sport nutrition side of the business due to some delays in purchasing from some key accounts and some other customers being directly managed by our immediate parent company Prinova Europe. In addition the profit decreased by £4.4m due to lower sales, stock and fixed assets write off and a non favourable foreign exchange position in 2024.”

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

1

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

  -5.8%

  £35,228,000 → £33,198,000

• Cash

  -19.7%

  £3,890,000 → £3,125,000

• Net assets

  -24.6%

  £14,066,000 → £10,611,000

• Employees

  +17.7%

  130 → 153

• Operating profit

  -433.6%

  £1,012,000 → -£3,376,000

• Profit before tax

  -466.3%

  £936,000 → -£3,429,000

• Wages

  +14.2%

  £3,868,000 → £4,418,000

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