HP INC UK 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

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has considerable financial resources and has projected positive cashflows for a period of 12 months from the date of signing the financial statements. The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence until 31 May 2026. Accordingly, the Company continues to adopt the going concern basis in preparing the financial statements.”

Group structure

1. HP INC UK LIMITED · parent
   1. Choose Water Limited · United Kingdom · packaging development company

Significant events

• “During the year 2022, HP Inc UK Limited acquired Choose Water Limited, a packaging development company.”
• “During the year 2023, a review was performed of Choose Water Limited and it was determined that HP Inc. will now consolidate all sustainable packaging development efforts in other centralized locations aligned with its infrastructure, strategy and resource capabilities. Hence the investment in Choose Water Limited was fully impaired during the year ended 31 October 2023.”
• “Management has evaluated the potential impact on the Company from the conflict between Russia and Ukraine and determined that the operations remain unaffected because the Company does not have a trading relationship with entities based in Ukraine and Russia.”
• “At 31 October 2024, the Company had a contingent liability in respect of a bank guarantee and other matters arising in the ordinary course of business from which it is anticipated that no material liabilities will arise, amounting to £6,000,000 (2023: £6,000,000).”

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

1

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

  +3.9%

  £1,486,262,000 → £1,544,888,000

• Cash

  —

  Not reported

• Net assets

  -35.9%

  £73,328,000 → £46,998,000

• Employees

  -6.1%

  835 → 784

• Operating profit

  +392.2%

  £7,487,000 → £36,849,000

• Profit before tax

  +876.6%

  £3,122,000 → £30,488,000

• Wages

  -6.8%

  £86,063,000 → £80,185,000

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