SPM PLASTICS U.K. LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-29.

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

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared in accordance with the going concern concept. On the basis of their assessment of the group's financial position, banking arrangements of the group, support of parent Viant Holdings, Inc, (which has provided a letter of support) and forecasts for at least 12 months from the date on which the financial statements are approved, the group's directors have a reasonable expectation that the group will be able to continue in operational existence for at least a period at least 12 months from the date of signing of these accounts. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. The letter of support confirms that Viant Holdings, Inc has no intention of requesting repayment of promissory notes owed to group undertakings of £27,500,000 or other short term intercompany loans in the foreseeable future. The directors are continually assessing various ways to return the group to profit and a net asset position however do not deem the loss making and net liability position to have an impact on the entities ability to continue as a going concern. The group is focused on bringing new medical sector customers to this site and return the group to profit over the next couple of years. The directors have also considered the global impact on the business particularly relating to the ongoing impact of potential tariffs.”

Group structure

1. SPM PLASTICS U.K. LIMITED · parent
   1. SPM (Europe) Limited 100% · UK · Dormant
   2. SPM Holdings Limited 100% · UK · Holding company
   3. Viant Mexicana de Servicios, S. de R.L. de C.V. 99% · Mexico · Production of high precision moulded plastic
   4. UPG de Mexico Services, S. de R.L. de C.V. 99% · Mexico · Dormant

Significant events

• “The upcoming year forecast shows significant volume reduction due to known customer destocking as several large OEMs are taking action to reduce their inventory on hand.”
• “On May 9, 2025, the company was notified of official letter number 110-08-01-00-00-2025-2685... Through this resolution, a tax charge was imposed on the company for the periods from November 20, 2018, to November 15, 2019, amounting to $447,527,150.03 which is equivalent to £18,690,567 at the reporting date. On June 20, 2025, the company filed an appeal for revocation... Finally, on November 12, 2025, the resolution... was notified, whereby the appeal for revocation filed by the company was resolved, confirming the legality of the appealed resolution, as well as confirming the determined tax credit. Considering the above, the company filed a nullity petition with the Tax Court against the resolution determining the tax credit and the resolution of the appeal for revocation. The nullity petition was filed on January 16, 2026 and has been accepted by the Court. Until the lawsuit is finalised, the percentage of the outcome cannot be estimated.”

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

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +33.9%

  £14,511,000 → £19,423,000

• Cash

  +12.5%

  £8,000 → £9,000

• Net assets

  -12%

  -£60,304,000 → -£67,545,000

• Employees

  +13.9%

  295 → 336

• Operating profit

  +53.8%

  -£5,968,000 → -£2,759,000

• Profit before tax

  +37.4%

  -£6,626,000 → -£4,150,000

• Wages

  -5.6%

  £3,822,000 → £3,608,000

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