DEMATIC LIMITED

1. DEMATIC LIMITED 2006-09-01 → present
2. DMRK UK LIMITED 2006-06-23 → 2006-09-01

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The principal activity of the company is to operate as a global supplier of materials handling solutions for the manufacturing and retailing distribution industries. The company is engaged in the design, manufacture, sales and servicing of automated warehouse and distribution systems. The company's cash flows are therefore dependent on the continuation, volume, and pricing of those operations. The company meets its day to day working capital requirements from operational cash flows, treasury management agreements with KION GROUP AG, which maintains the group-wide cash-pool balances, and trading balances with the group headed by KION Group AG. The directors have performed a going concern assessment which indicates that in reasonably possible downsides, the company will require additional funds, through funding from its ultimate parent undertaking, KION Group AG, to meet its liabilities for at least 12 months from the date of the approval of the financial statements, the going concern assessment period. KION Group AG has indicated its intention to continue to make available such funds as are needed by the company during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of the approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. DEMATIC LIMITED · parent
   1. Dematic Logistics de Mexico 0.99% · Mexico · Sale and servicing of automated warehouse and distribution systems
   2. Dematic Trading de Mexico 0.99% · Mexico · Sale and servicing of automated warehouse and distribution systems
   3. DMTC Services S de RL de CV Mexico 0.99% · Mexico · Sale and servicing of automated warehouse and distribution systems

Significant events

• “The challenging environment continued into 2024, with the company's turnover decreasing by 15.6% to £204.3 million (2023: £242.0 million). The mix of business contributed to an increased cost of sales, resulting in a gross loss margin of (2.7)% (2023: gross profit margin of 4.6%). The company recorded an operating loss of £36.4 million (2023: £29.4 million), representing a year-on-year increase of £7.0 million. Although administrative expenses fell by 24%, largely due to lower group cross-charges driven by reduced revenue, the gross loss ultimately outweighed these savings. As a result, the operating margin declined from (12.1)% to (17.8)%, reflecting a reduced return on the company's investment. Current assets amounting to £110.7m (2023: £191.3m) have decreased by 42.1%, driven primarily by an increase in amounts owed by the parent undertaking. Current liabilities amounting to £116.2m (2023: £168.2m) have decreased by 30.9%, driven primarily by an increase in contract liabilities.”

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

Filings

2

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

  -15.6%

  £241,994,000 → £204,343,000

• Cash

  -91.6%

  £5,783,000 → £483,000

• Net assets

  -155.5%

  £17,595,000 → -£9,769,000

• Employees

  -9.3%

  1,029 → 933

• Operating profit

  -23.9%

  -£29,369,000 → -£36,393,000

• Profit before tax

  -36.7%

  -£26,661,000 → -£36,448,000

• Wages

  +1.5%

  £54,854,000 → £55,665,000

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