NORMEC DETS LIMITED

• ⚠

  Material uncertainty over going concern

  Given the net current liabilities of the company at 31 December 2024, and the existence of intercompany loan liabilities, the company is not expected to have sufficient future cashflows to meet its liabilities as and when they fall due, and therefore is reliant on the support of its parent Greyhound Dutch Bidco B.V. to satisfy the going concern assumption. The parent company, Greyhiund Dutch Bidco B.V. has given assurances to the directors that they will provide financing as and when required for the going concern period through to 30 June 2026, if funds are required for the company to meet its liabilities as they fall due.

1. NORMEC DETS LIMITED 2024-01-27 → present
2. DERWENTSIDE ENVIRONMENTAL TESTING SERVICES LIMITED 1999-02-01 → 2024-01-27

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Given the net current liabilities of the company at 31 December 2024, and the existence of intercompany loan liabilities, the company is not expected to have sufficient future cashflows to meet its liabilities as and when they fall due, and therefore is reliant on the support of its parent Greyhound Dutch Bidco B.V. to satisfy the going concern assumption. The parent company, Greyhiund Dutch Bidco B.V. has given assurances to the directors that they will provide financing as and when required for the going concern period through to 30 June 2026, if funds are required for the company to meet its liabilities as they fall due.”

Significant events

• “Revenue decreased by £67,469 from 2023 to 2024 representing a decline of 0.6% (2023: 33.9% growth). Gross margin for the year was 38.8% (2023: 40.6%) maintained as a result of increased competition and a change of senior management. Staff changes impacted the overall sales and operational performance in one of the laboratories (loss of customer service team and a key sales person).”

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

Filings

10

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

  -0.6%

  £11,481,658 → £11,414,189

• Cash

  +12.2%

  £530,684 → £595,265

• Net assets

  -30%

  £1,573,006 → £1,101,033

• Employees

  +12.1%

  141 → 158

• Operating profit

  -102.8%

  -£271,742 → -£551,222

• Profit before tax

  -102.8%

  -£356,337 → -£722,480

• Wages

  -0.3%

  £4,204,245 → £4,192,641

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