ASCEND OVERSEAS LIMITED

• ⚠

  Material uncertainty over going concern

  The directors of Ascend Overseas Limited intend that the entity will be liquidated at a to-be-determined time following the completion of the sale of Kito Crosby Limited to Columbus McKinnon Corporation. Such period is expected to be longer than 12 months following completion. As a consequence, the financial statements have been prepared on a basis other than going concern. No adjustments arose as a result of ceasing to apply going concern basis.

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors of Ascend Overseas Limited intend that the entity will be liquidated at a to-be-determined time following the completion of the sale of Kito Crosby Limited to Columbus McKinnon Corporation. Such period is expected to be longer than 12 months following completion. As a consequence, the financial statements have been prepared on a basis other than going concern. No adjustments arose as a result of ceasing to apply going concern basis.”

Group structure

1. ASCEND OVERSEAS LIMITED · parent
   1. Kito Crosby Limited 100% · United Kingdom
   2. Crosby UK Acquisition Limited 100% · United Kingdom
   3. Kito Crosby Global Finance Limited 100% · United Kingdom
   4. Crosby US Acquisition Corp. 100% · United States
   5. Lifting Holdings BidCo, Inc. 100% · Japan

Significant events

• “On February 10, 2025, a definitive agreement was signed with Columbus McKinnon Corporation (the purchaser) to acquire Kito Crosby Limited, the only direct subsidiary of Ascend Overseas Limited, for an all cash transaction valued at $2.7 billion subject to customary post-closing and purchase price adjustments. The transaction is expected to close in 2026 subject to regulatory approvals and satisfactory completion of customary closing conditions.”

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

Filings

6

last 12 months

Capital events

3

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

  —

  Not reported

• Cash

  +5.2%

  £9,620 → £10,117

• Net assets

  0%

  £503,916,162 → £503,886,322

• Employees

  —

  Not reported

• Operating profit

  -80.5%

  -£16,811 → -£30,338

• Profit before tax

  -81.8%

  -£16,411 → -£29,841

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