TARGE TOWING LIMITED

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2020-10-31.

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

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors of the Company's immediate parent company Forth Ports Limited have considered the financial requirements of the Group through the preparation of annual budgets and cash flow forecasts covering the next five financial years and set these against the cash and banking facilities available to the Group. These financial forecasts have been stress tested to reflect the potential impact of downside events and scenarios, including the ongoing uncertain UK and global economic environment and continuing geopolitical instability, to ensure the Group would retain headroom within its banking facilities. In February 2024 the Group successfully refinanced its bank facilities for a further five years to February 2029 adding support to the going concern assessment. The full repayment dates and covenants associated with these facilities do not form part of this report, however they are included in the Forth Ports consolidated financial statements which are publicly available as disclosed in Note 12. After making enquiries, the directors have a reasonable expectation that the Group will be able to meet its financial obligations as they fall due and has adequate resources to continue in operational existence for the foreseeable future. On this basis, and with a letter of support from the Group, the Directors of the Company therefore have a reasonable expectation that the Group will be able to support the Company for the foreseeable future, being at least 12 months from the signing of this report. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

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

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

  -23.2%

  £10,640,412 → £8,174,626

• Net assets

  +7.4%

  £13,886,618 → £14,919,200

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers