ADVANCED SCIENTIFIC MATERIALS PLEDGECO 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

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In considering the going concern basis of preparing the financial statements the directors have produced forecasts for cash and profitability for the foreseeable future. These forecasts incorporate the trading experience at the date of this report and reflect market expectations and confirmed order books for 2025 and beyond. The forecasts also include plausible downside analysis. In all scenarios the Group has sufficient cash & profit to continue to meet its covenant tests and other obligations as they fall due. Accordingly, they consider it appropriate to continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. ADVANCED SCIENTIFIC MATERIALS PLEDGECO LIMITED · parent
   1. Advanced Scientific Materials AcquiCo Limited 100% · UK · Holding company
   2. Advanced Scientific Materials Limited 100% · UK · Holding company
   3. Goodfellow Cambridge Limited 100% · UK · Purchase of metals for processing and resale
   4. Goodfellow Europe Limited 100% · UK · Holding company
   5. Goodfellow GmbH 100% · Germany · Developing group activities in Germany
   6. Goodfellow SARL 100% · France · Developing group activities in France
   7. Goodfellow Corporation 100% · United States of America · Developing group activities in United States of America
   8. Goodfellow Trading Company Limited 100% · China · Developing group activities in China
   9. Potomac Photonics, Inc 100% · United States of America · Developing group activities in United States of America

Significant events

• “On 10 February 2025 the Group completed the acquisition of 100% of the issued share capital of Suisse Technology Partners AG for total consideration of CHF8,140,000 (GBP 7,245,000). The principal activity of Suisse Technology Partners AG is that of material-based solutions and analytics, offering expertise in material science, engineering, and chemistry.”
• “On 28 March 2025 the Group completed the acquisition of 100% of the issued share capital of Newham Hall Holdings Top Company Limited and it's subsidiaries for total consideration of GBP 13,353,823. The principal activity of the Group is that of a certified reference materials producer.”
• “On 10 February 2025 the Group entered into an amended and restated deed relating to the Senior Facilities Agreement. This agreement varied the conditions associated with the existing facility and drew down additional debt. As at 10th of February 2025 the Group had the following facilities outstanding with Bain Capital Private Credit: Facility B1 was drawn down on 10 February 2025 and had a balance of EUR25,227,300. The balance is fully repayable on 10 February 2032. Interest is charged at EURIBOR plus a margin of 5.25% dependent on the Group achieving certain leverage conditions. Facility B2 was drawn down on 10 February 2025 and had a balance of EUR 7,819,665. The balance is fully repayable on 10 February 2032. Interest is charged at EURIBOR plus a margin of 5.25% dependent on the Group achieving certain leverage conditions. Facility B3 was drawn down on 10 February 2025 and had a balance of £4,868,587.49. The balance is fully repayable on 10 February 2032. Interest is charged at SONIA plus a margin of 5.25% dependent on the Group achieving certain leverage conditions. Facility B4 was drawn down on 10 February 2025 and had a balance of $10,200,000. The balance is fully repayable on 10 February 2032. Interest is charged at SOFR plus a margin of 5.25% dependent on the Group achieving certain leverage conditions.”
• “A Revolving Credit Facility of £5,000,000 which is due to expire on 10 February 2032. Interest on any drawn amounts is charged at EURIBOR, Compounded SONIA or Term SOFR plus a margin of 5.25% dependent on the Group achieving certain leverage conditions. The facility remains undrawn.”
• “On the 10 February 2025 the Group repaid $9,948,000 (£7,958,400) and £23,593,000 to HSBC Innovation Bank fully satisfying the amounts outstanding under the Facility A Agreement.”
• “On 15 May 2025 the Group entered into an amended and restated Senior Facility Agreement and a Revolving Credit Facility with HSBC Capital. As a result, the £4,868,587 Senior Facility B3 and the £5,000,000 Revolving Credit Facility (previously provided by Bain Capital Private Credit) were transferred to HSBC Capital under the revised terms.”

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

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

  +5.4%

  £23,653,000 → £24,929,000

• Cash

  -47.1%

  £4,554,000 → £2,409,000

• Net assets

  -107.3%

  -£6,966,000 → -£14,444,000

• Employees

  +18.3%

  126 → 149

• Operating profit

  -321%

  £676,000 → -£1,494,000

• Profit before tax

  -77.8%

  -£3,748,000 → -£6,665,000

• Wages

  +2.7%

  £5,136,000 → £5,274,000

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