MAUNA HOLDINGS LIMITED

Company number

SC170659

Status

Active

Incorporation

1996-12-16

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

64999

Hubs

UK Fintech

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group meets its day-to-day working capital requirements through cash from sales, banking facilities and advances from its parent company and fellow group companies. The Directors believe that based on the Group's approved forecast, the Group has sufficient working capital to meet its requirements for at least the coming year from the date of this report. The Directors have obtained a letter of support from its ultimate parent company confirming it will provide adequate financial support for a period of at least 12 months from the date of signing these financial statements, enabling the Group to meet its continuing operating liabilities given the Group is in a net current liability position of £1.3m (2023: £2.7m). The Directors have a reasonable expectation that the ultimate parent, Mauna N.V, has adequate resources to provide this support for at least 12 months from the date of signing these financial statements. On this basis, the Directors have a reasonable expectation that the Group has adequate resources to continue operations for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Subsidiaries

• Mainetti (UK) Limited · 100% held · Scotland · Manufacture and re-sorting of plastic garment hangers
• Mainetti Maroc S.A.R.L. · 100% held · Morocco · Holding company
• Mainetti-Smaco S.A. · 90% held · Morocco · manufacture of plastic garment hangers

Significant events

• “Following completion of the sale of the UK Wrexham facility in October 2024, the outstanding loan associated with this site has been repaid in full and no further loans have been taken out since and up to the date of signing the financial statements.”
• “On 21 October 2025, the Group experienced a cyber incident, which was promptly contained with limited impact on operations or financial performance on the business. The business continued as normal. All matters were reported to the appropriate authorities and regulators and the investigations continue.”

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