TITAN WOOD 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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. TITAN WOOD LIMITED · parent
   1. Accsys (Accoya USA) Holdings LLC 100% · U.S.A · Holding company
   2. Accoya Color UK Limited 100% · United Kingdom · The manufacture of colored acetylated wood.
   3. Accsys USA Holdings Inc 100% · U.S.A · Holding company
   4. Titan Wood BV 100% · The Netherlands · The manufacture and sale of Accoya® acetylated wood.
   5. Titan Wood Inc 100% · U.S.A · Provision of Sales, Marketing and Technical services.
   6. Tricoya Technologies Limited (UK) 100% · United Kingdom · Engaged in the commercialisation of technology for the production of Tricoya® Wood Elements around the world.
   7. Tricoya UK Limited (UK) - in liquidation 100% · United Kingdom · The company went into voluntary liquidation on 17 December 2024. The Company has therefore lost control of the entity but still holds 100% of the shares until the liquidation is complete.
   8. Accoya USA, LLC 60% · U.S.A · The construction and operation of a manufacturing plant for Accoya® acetylated wood to serve the North American market.

Significant events

• “Accoya USA commencing commercial operations in September 2024.”
• “The decision to discontinue the Tricoya plant in Hull. The Company entered voluntary liquidation on 17 December 2024.”
• “A new planing facility at Barry supports strong sales growth of 34% year-on-year for Accoya Color, our unique coloured-to-the-core product.”

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

Filings

5

last 12 months

Capital events

0

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

  -24%

  £32,090,417 → £24,392,842

• Cash

  -55.9%

  £19,736,320 → £8,712,793

• Net assets

  -15.9%

  -£112,993,319 → -£130,945,433

• Employees

  -9.1%

  44 → 40

• Operating profit

  -359%

  -£4,581,831 → -£21,028,854

• Profit before tax

  -893.1%

  -£1,922,243 → -£19,090,094

• Wages

  -27.1%

  £4,767,818 → £3,474,510

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