BBI SOLUTIONS OEM 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 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group's forecasts show that it is expected to be profitable at an EBITDA level and cash generative from its operating activities for the foreseeable future and that the Group has the ability to remain within its committed lending facilities. The projections have also been assessed against what is considered to be a reasonable downside risk scenario and the adjusted projection continues to show that the Group would remain within its committed lending facilities and financial covenants. Therefore, the directors have prepared the financial statements of the Company on a going concern basis.”

Group structure

1. BBI SOLUTIONS OEM LIMITED · parent
   1. BBI Enzymes SA (Pty) Limited 100% · South Africa · Manufacture and development of reagents
   2. Vision Biotech Proprietary Limited 100% · South Africa · Dormant company
   3. IBEX Technologies Inc. 100% · Québec · Holding company
   4. IBEX Pharmaceuticals Inc. 100% · Québec · Manufacturer of antigens

Significant events

• “On 8th April 2024 the Company acquired IBEX Technologies Inc. which is based in Montreal and is a supplier of recombinant enzymes, selling to the world's largest manufacurers of haemostatic testing devices.”
• “In January 2025, The Board approved plans to transfer the manufacturing operations from Montreal to its headquarters in Crumlin, Wales.”

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

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

  -3.4%

  £50,625,000 → £48,902,000

• Cash

  +32.4%

  £1,834,000 → £2,429,000

• Net assets

  +10.8%

  £78,700,000 → £87,219,000

• Employees

  -4.3%

  300 → 287

• Operating profit

  -11.5%

  £9,084,000 → £8,036,000

• Profit before tax

  -11.8%

  £9,081,000 → £8,008,000

• Wages

  +0.1%

  £13,974,000 → £13,988,000

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