WATERLOGIC FINANCE LIMITED

• ⚠

  Material uncertainty over going concern

  The Director believes that preparing the accounts on a "basis other than going concern" is appropriate given management's intent to cease activity in the company and subsequently wind the company up. Following the restructuring within the Culligan Group in 2023, the function of the company has been subsumed into the existing Culligan Group structure and the company is now obsolete. Accordingly, the Director has instructed management to cease operations and seek to wind the company up. Management believe that this process will have been completed by the end of December 2026, therefore, the Director do not consider the company to be a going concern and have prepared the accounts on a basis other than going concern.

1. WATERLOGIC FINANCE LIMITED 2016-01-13 → present
2. POSEIDON FINANCECO LIMITED 2015-12-08 → 2016-01-13
3. FIREWALL FINANCECO LIMITED 2015-12-02 → 2015-12-08

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Forvis Mazars

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Director believes that preparing the accounts on a "basis other than going concern" is appropriate given management's intent to cease activity in the company and subsequently wind the company up. Following the restructuring within the Culligan Group in 2023, the function of the company has been subsumed into the existing Culligan Group structure and the company is now obsolete. Accordingly, the Director has instructed management to cease operations and seek to wind the company up. Management believe that this process will have been completed by the end of December 2026, therefore, the Director do not consider the company to be a going concern and have prepared the accounts on a basis other than going concern.”

Significant events

• “Following a process to simplify the wider Culligan Group structure after the year end, the entity declared dividends in February 2025 for £212,003,128 and in June 2025 for £50,745. These relate to corporate restructuring post year end and do not affect the financial position at 31 December 2024.”
• “In February 2025, the intercompany loans receivable and payable were transferred to Osmosis Buyer Limited, an intermediate parent company, for their book value.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -99.7%

  £21,269 → £70

• Net assets

  +2.6%

  £206,722,598 → £212,003,130

• Employees

  —

  Not reported

• Operating profit

  +90.5%

  -£175,010 → -£16,605

• Profit before tax

  +112%

  -£44,001,482 → £5,280,532

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