TECHNOWASH LIMITED

• ⚠

  Material uncertainty over going concern

  financial statements for the year ended 31st December 2024 have been prepared on a basis that reflects the expected realisation of assets and settlement of liabilities other than 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

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“financial statements for the year ended 31st December 2024 have been prepared on a basis that reflects the expected realisation of assets and settlement of liabilities other than in the normal course of business.”

Significant events

• “During 2024, an initial review was undertaken of the refurb, manufacturing & distribution activities of the Safetykleen Group. An internal HR consultation period was entered into to determine the future of the business and it was concluded that the trade and assets of Technowash Ltd would be transferred to its immediate parent company Safetykleen UK Ltd in 2025. In October 2025 the building lease in which Technowash operated was handed back to the Owner as all manufacturing activity has now ceased. As a result, Technowash Ltd will be dissolved and the financial statements for the year ended 31st December 2024 have been prepared on a basis that reflects the expected realisation of assets and settlement of liabilities other than in the normal course of business.”
• “As part of the Group corporate simplification process which commenced in 2024, the amounts owed to Group undertakings were novated to Safetykleen U.K. Limited, its immediate parent company, in consideration for the Company agreeing to pay the aggregate amount outstanding of £2,186,948. Subsequently, the Company's immediate parent company subscribed for shares equal to £2,186,948 in Technowash Limited and it was agreed that the subscription price payable be satisfied by the way of offset against the consideration payable for the amounts owed to Safetykleen U.K. Limited.”

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

Filings

3

last 12 months

Capital events

1

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

  +29.7%

  £6,841,383 → £8,871,599

• Cash

  +105.6%

  £407,901 → £838,742

• Net assets

  +477.4%

  -£497,921 → £1,879,125

• Employees

  -28.9%

  45 → 32

• Operating profit

  +130.7%

  -£917,992 → £281,892

• Profit before tax

  +119.4%

  -£981,207 → £190,099

• Wages

  -17.3%

  £1,496,876 → £1,237,569

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