CROWN WORLDWIDE LIMITED

Company number

SC047233

Status

Active

Incorporation

1970-02-04

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

52290

Hubs

UK Logistics & Mobility

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

GKP (Ampthill) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered all relevant matters and believe that the going concern basis continues to be appropriate when preparing these accounts. The directors have prepared cashflow forecasts for the 12 months following the approval of the financial statements which indicate that the Group will have sufficient funds through funding from its ultimate parent company, Crown Worldwide Holdings Limited, to meet its liabilities as they fall due for that period. The forecasts are dependant on the Group's ultimate parent company, Crown Worldwide Holding Limited, not seeking repayment of the amounts currently due to the group which at the balance sheet date amounted to £21.9m, and providing additional support as required. Crown Worldwide Holdings Limited have indicated its intention to make funds available to the Company and that it does not intend to seek repayment of the amounts due at the balance sheet date for the period covered by the forecasts. As with any company placing reliance on other group entities for support, the directors acknowledge that there can be no certainty that this support will continue although at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Subsidiaries

• Crown Fine Art Limited · 100% held · England · Transportation, handling and storage of Fine Art
• Crown Workspace Limited · 100% held · England · Specialist commercial relocations
• Crown Relocation Services Limited · 100% held · Scotland · Dormant company
• Time Relocation Limited · 100% held · England · Dormant company

Significant events

• “Loss of two major corporate clients for World Mobility and Relocations and ongoing contraction in corporate moving activity.”
• “Exit from one of the two Workspace properties in north London, incurring one off costs but averting future property costs.”
• “Launch of Circulate, a comprehensive roadmap designed to embed the circular economy at the heart of the workplace.”
• “Launch of LENS, an asset lifecycle tool helping clients understand the value of existing assets and maximise their usage.”
• “Fine Art business expansion of inner London storage offering, which grew significantly in FY2024.”
• “Recruitment of a new, experienced Commercial Director for Fine Art, leading to reciprocal revenue streams and increased revenue in the heritage sector.”
• “Official launch of market-leading crate and packaging reuse service designed to keep valuable materials in use.”
• “Took delivery of its first electric vehicle in the latter half of the financial year for Fine Art business.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers