ACCOUNTS - Final Accounts

Registered number: 08129221

Crawford Manufacturing Limited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

Crawford Manufacturing Limited

Registered number: 08129221

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£

Current assets
Debtors: amounts falling due within one year	5	22,850		1,205
Cash at bank and in hand	6	6,242		6,242
		29,092		7,447
Creditors: amounts falling due within one year	7	(925,678)		(883,407)
Net current liabilities			(896,586)		(875,960)
Total assets less current liabilities			(896,586)		(875,960)
Net liabilities			(896,586)		(875,960)

Capital and reserves
Called up share capital	3,427,173	3,427,173
Profit and loss account	(4,323,759)	(4,303,133)
	(896,586)	(875,960)

The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

W Dickinson

Director

Date: 22 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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Crawford Manufacturing Limited

Statement of Changes in Equity

For the year ended 31 December 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	3,427,173	(4,268,753)	(841,580)
Comprehensive income for the year
Loss for the year	-	(34,380)	(34,380)
Total comprehensive income for the year	-	(34,380)	(34,380)

At 1 January 2024	3,427,173	(4,303,133)	(875,960)
Comprehensive income for the year
Loss for the year	-	(20,626)	(20,626)
Total comprehensive income for the year	-	(20,626)	(20,626)
At 31 December 2024	3,427,173	(4,323,759)	(896,586)

The notes on pages 3 to 6 form part of these financial statements.

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Crawford Manufacturing Limited

Notes to the Financial Statements

For the year ended 31 December 2024

1.	General information

Crawford Manufacturing Limited ('the Company') is a private company limited by share capital incorporated in England, number 08129221. The address of the registered office and principal place of business is Manchester Road, Ashton Under Lyne, Manchester, OL7 0ED.
The Company is no longer trading.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:

∙the requirements of IFRS 7 Financial Instruments: Disclosures

∙the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers

∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:

- paragraph 79(a)(iv) of IAS 1;

- paragraph 73(e) of IAS 16 Property, Plant and Equipment;

∙the requirements of IAS 7 Statement of Cash Flows

∙the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of Mativ Holdings Inc. as at 31 December 2024 and these financial statements may be obtained from its registered office, Mativ Holdings Inc., 100 Kimball Place, Suite 600 Alpharetta, Georgia, 30009, USA.

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Crawford Manufacturing Limited

Notes to the Financial Statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.3

Going concern

On 23 March 2021 the Directors announced the closure of the manufacturing operations of the business. Production ceased on 25 October 2021 and the official closure of the site took place on 15 December 2021.
Although the Company is in a net liabilities position, this is principally due to the existence of an intercompany creditor with Scapa Group Limited. Management has confirmed that the creditor balance will not be recalled if the Company is unable to pay.
Therefore, the Company is deemed to be a going concern.

2.4

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.
Copies of the consolidated financial statements of Mativ Holdings Inc. may be obtained from its registered office, Mativ Holdings Inc., 100 Kimball Place, Suite 600, Alpharetta Georgia, 30009, USA.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Crawford Manufacturing Limited

Notes to the Financial Statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.9

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 -£NIL).

4.	Fixed asset investments

The Company owns 100% of the ordinary share capital of HiMedica Limited whose registered address is Manchester Road Ashton-Under-Lyne, Greater Manchester, OL7 0ED. The investment has a carrying value of £nil (December 2023: £nil).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	21,646	-
Other debtors	1,204	1,205
	22,850	1,205

6.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	6,242	6,242

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Crawford Manufacturing Limited

Notes to the Financial Statements

For the year ended 31 December 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	20,105	20,105
Amounts owed to group undertakings	903,302	860,900
Other creditors	-	1
Accruals and deferred income	2,271	2,401
	925,678	883,407

Amounts owed to group undertakings constitute a loan which is unsecured, repayable on demand and carries interest at a variable rate between 1.89% and 3.02%.

8.	Controlling party

The Company's immediate parent Company is First Water Limited, a company incorporated in England and Wales, registered number 04421197.
The ultimate parent undertaking and controlling party is Mativ Holdings Inc., which is the parent undertaking of the smallest and largest group to consolidate these financial statements.
Copies of the consolidated financial statements of Mativ Holdings Inc. may be obtained from its registered office, from the Company Secretary, Mativ Holdings Inc., 100 Kimball Place, Suite 600 Alpharetta, Georgia, 30009, USA.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 22 September 2025 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

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