Company Registration Number 03161422
F.S.H. (GROUP) LIMITED
COMPANY INFORMATION
F.S.H. (GROUP) LIMITED
CONTENTS
F.S.H. (GROUP) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The principal activity of the company continues to be that of a building repair and restoration contractor, primarily serving the domestic and commercial insurance markets together with construction, local authorities and other niche clients and associated markets. FSH employs 199 staff and operates from 4 locations in Castleford, Hull, Liverpool and Newcastle, providing full coverage and a complete contractor service to the whole of the construction and insurance market throughout the North of England. Competition in those markets comes from both national and local contractors so we ensure that our strong client relationships are backed up by excellent service delivery, on time and on budget, on all contracts to ensure our clients continue to entrust us with their work. One of the continued strength of the business is its ability to mobilise itself in areas that are suddenly affected by severe weather related events.
Our purpose is 'To Simplify Building Projects; it's the only way we know.' We aim to delight our customers with a timely, trusted and hassle-free service. Our 3 principle values to 'Build Trust', 'Build Excellence' and 'Build Lasting Relationships' underpin the FSH way of doing business.
Our purpose is 'To Simplify Building Projects; it's the only way we know.' We aim to delight our customers with a timely, trusted and hassle-free service. Our 3 principle values to 'Build Trust', 'Build Excellence' and 'Build Lasting Relationships' underpin the FSH way of doing business.
This period has seen the business continue to deliver against our 'Strategy 2024', implementing a smart sales and marketing campaign while using Big Change technology to drive gross margin efficiency.
Our insurance and damage management divisions improved efficiencies and profitability during the year, even though sales reduced pro-rata.
Our reactive maintenance division continues to go from strength to strength. Overall the board are pleased with performance during the period.
Our insurance and damage management divisions improved efficiencies and profitability during the year, even though sales reduced pro-rata.
Our reactive maintenance division continues to go from strength to strength. Overall the board are pleased with performance during the period.
The unpredictability of our core insurance market, which is habitually influenced by natural forces and weather conditions, makes it difficult to predict workflows and accordingly optimising resources to maximise service and profitability is a constant challenge.
The construction market continues to be fiercely competitive, especially the pricing on significant tender works but the development of relationships and long-term framework agreements with local authorities provides a good balance of consistent workflows.
Cashflow and Credit Risk
Cash flow is managed through our banking facilities; enhanced by a detailed and ever evolving understanding of how cash moves through our customers businesses, the use of their portals and a weekly focused debt review by all members of the Senior Management Team of FSH.
Credit risk is primarily attributable to trade debtors. The risk is managed by a strict and effective credit rating of both existing and prospective customers and a detailed knowledge of the ultimate owner of the debt.
The construction market continues to be fiercely competitive, especially the pricing on significant tender works but the development of relationships and long-term framework agreements with local authorities provides a good balance of consistent workflows.
Cashflow and Credit Risk
Cash flow is managed through our banking facilities; enhanced by a detailed and ever evolving understanding of how cash moves through our customers businesses, the use of their portals and a weekly focused debt review by all members of the Senior Management Team of FSH.
Credit risk is primarily attributable to trade debtors. The risk is managed by a strict and effective credit rating of both existing and prospective customers and a detailed knowledge of the ultimate owner of the debt.
A Summary of the key financial highlights are shown in the following table:
Page 1
F.S.H. (GROUP) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company considers that its KPIs are:
Enquiries, quotes, conversion rates and authorities - the business experienced a reduction in enquiries, quotes and authorities. By closely monitoring these indicators, by team and geographical region, we are able to make some reasoned, broad predictions of future workloads. We continue to try and improve our conversion rate, particularly in construction, as part of our 'Strategy 2024'.
Turnover - this reduced on the previous period pro-rata. Our aim is to improve 'throughput' (the speed of turnaround from the start of a job to final account and invoice) and reduce the life cycle of jobs.
Margin - during the year the business continued to concentrate on its core principle; maintaining and developing its gross margin efficiency. The margin improved during the year but was still a little behind budget.
Operating costs - these increased due to continuing price increases, particularly fleet.
Service level agreements - the business is currently investing in new task driven IT systems and the use of mobile technologies which will improve the measurement and achievement of our clients service level agreements in future years.
The director reviews each of the KPIs regularly, together with all other indicators, ensuring that the Company is maximising its added value in terms of service, quality and profitability.
Other non-financial key performance indicators monitored by the Directors include:
- Health and safety - number of accidents and RIDDOR (Reporting of Injuries, Diseases and Dangerous
Occurrences Regulations); and
- Staff • 90 day reviews, training days, internal promotions and sick days.
Enquiries, quotes, conversion rates and authorities - the business experienced a reduction in enquiries, quotes and authorities. By closely monitoring these indicators, by team and geographical region, we are able to make some reasoned, broad predictions of future workloads. We continue to try and improve our conversion rate, particularly in construction, as part of our 'Strategy 2024'.
Turnover - this reduced on the previous period pro-rata. Our aim is to improve 'throughput' (the speed of turnaround from the start of a job to final account and invoice) and reduce the life cycle of jobs.
Margin - during the year the business continued to concentrate on its core principle; maintaining and developing its gross margin efficiency. The margin improved during the year but was still a little behind budget.
Operating costs - these increased due to continuing price increases, particularly fleet.
Service level agreements - the business is currently investing in new task driven IT systems and the use of mobile technologies which will improve the measurement and achievement of our clients service level agreements in future years.
The director reviews each of the KPIs regularly, together with all other indicators, ensuring that the Company is maximising its added value in terms of service, quality and profitability.
Other non-financial key performance indicators monitored by the Directors include:
- Health and safety - number of accidents and RIDDOR (Reporting of Injuries, Diseases and Dangerous
Occurrences Regulations); and
- Staff • 90 day reviews, training days, internal promotions and sick days.
This report was approved by the board and signed on its behalf.
Page 2
F.S.H. (GROUP) LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The director presents his report and the financial statements for the year ended 31 December 2024.
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £783,139 (2023 - £435,939).
The proposed dividend for the year amounted to £372,000 (2023 - £230,000)
The director who served during the year was:
Kristian Lennard (appointed 2 January 2025)
Peter Brumby (resigned 2 January 2025)
Peter Brumby (resigned 2 January 2025)
Page 3
F.S.H. (GROUP) LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Director and Senior Management Team continue with their 3-year plan to deliver our 'Strategy 2024' and to build on the step-change in growth and profitability seen since 2021. This plan extends on our Purpose, values and the core competencies required to achieve our Strategic Goals.
We recognise the importance of delighting our customers, achieving growth through lasting relationships and continuing with our sales and marketing campaign, which focuses on the key enablers that will deliver the type and mix of work to help us achieve our goals. We continue with the core principle of gross margin efficiency, proactively reviewing efficiencies and margins throughout the contract process to maximise returns. Our costs and resources are aligned with our workflows, which creates a framework for increasing profitability and we have introduced new processes that are having a positive impact on cash collection.
We are currently exploring numerous opportunities to expand our markets, both geographically and through diversification and these are being introduced into the business one phase at a time.
The reactive maintenance division continues to develop its growing relationship with Whitbread and its Premier Inn framework.
Our balance sheet remains strong and as a business we continue to be robust and flexible to the demands of our industries and financially secure.
Our values underpin everything we do as we continue to provide our people with the skills they need to truly Simplify Building Projects and develop our blueprint of having dedicated client teams, which helps us to achieve our clients' service level agreements and builds our reputation for providing a trusted, hassle-free service.
On 31 March 2025, the Company merged with another subsidiary of R3 Polygon UK Limited, Neways Associates Limited, and from 1 April 2025 the combined business now trades as Neways Associates Limited. F.S.H. Group is now a non-trading dormant subsidiary.
We recognise the importance of delighting our customers, achieving growth through lasting relationships and continuing with our sales and marketing campaign, which focuses on the key enablers that will deliver the type and mix of work to help us achieve our goals. We continue with the core principle of gross margin efficiency, proactively reviewing efficiencies and margins throughout the contract process to maximise returns. Our costs and resources are aligned with our workflows, which creates a framework for increasing profitability and we have introduced new processes that are having a positive impact on cash collection.
We are currently exploring numerous opportunities to expand our markets, both geographically and through diversification and these are being introduced into the business one phase at a time.
The reactive maintenance division continues to develop its growing relationship with Whitbread and its Premier Inn framework.
Our balance sheet remains strong and as a business we continue to be robust and flexible to the demands of our industries and financially secure.
Our values underpin everything we do as we continue to provide our people with the skills they need to truly Simplify Building Projects and develop our blueprint of having dedicated client teams, which helps us to achieve our clients' service level agreements and builds our reputation for providing a trusted, hassle-free service.
On 31 March 2025, the Company merged with another subsidiary of R3 Polygon UK Limited, Neways Associates Limited, and from 1 April 2025 the combined business now trades as Neways Associates Limited. F.S.H. Group is now a non-trading dormant subsidiary.
Certain information is not shown in the Directors' Report because it is shown in the Strategic Report instead under s414C (11). The Strategic Report includes a business review, principal risk and uncertainties and key performance indicators.
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
Page 4
F.S.H. (GROUP) LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board and signed on its behalf.
Page 5
F.S.H. (GROUP) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF F.S.H. (GROUP) LIMITED
We have audited the financial statements of F.S.H. (Group) Limited (the 'company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 6
F.S.H. (GROUP) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF F.S.H. (GROUP) LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
Page 7
F.S.H. (GROUP) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF F.S.H. (GROUP) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation and occupational health and employment legislation.
- We enquired of the directors and reviewed correspondence for evidence of non compliance with relevant laws and regulations. We also reviewed controls the directors have in place to ensure compliance.
- We gained an understanding of the controls that the directors have in place to prevent and detect fraud. We enquired of the trustees about any incidences of fraud that had taken place during the accounting period.
- The risk of fraud and non compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: misappropriation of cash and other assets.
- We reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.
- We enquired of the directors and third party advisors about actual and potential litigation and claims.
- We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Page 8
F.S.H. (GROUP) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF F.S.H. (GROUP) LIMITED (CONTINUED)
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditors
Skipton
Page 9
F.S.H. (GROUP) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 10
F.S.H. (GROUP) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 25 form part of these financial statements.
Page 11
F.S.H. (GROUP) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 12
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
F.S.H (Group) Limited ("the company") is a private company (registration number: 03161422), limited by shares, incorporated in England and Wales. The Company is a wholly owned subsidiary of F.S.H (Holdings) Limited, a Company registered in England and Wales. The registered office and its principal place of business is as follows: Unit D, Links 31, Willowbridge Way, Whitwood, Castleford, WF10 5NP.
The principal activity of the Company continued to be that of a building repair and restoration contractor, primarily serving the domestic and commercial insurance markets together with other niche clients, social housing, local authority and associated markets.
These financial statements have been presented in Pounds Sterling as this is the currency of the primary economic environment in which the company operates.
2.Accounting policies
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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Polystar Jersey Limited, a company registered in Jersey.
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Polystar Jersey Limited, a company registered in Jersey.
Page 13
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Page 14
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 15
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the period that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are Charged to the provision carried in the Statement of Financial Position.
Provisions are charged as an expense to profit or loss in the period that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are Charged to the provision carried in the Statement of Financial Position.
Page 16
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
The Company determines the stage of completion of work in progress and the revenue and profit or loss attributable to the financial period based on historic financial information available and also forecast information regarding expectations about future performance to completion of the contracts and therefore requires estimates and assumptions to be used by management. Judgement is applied by the management when determining the final valuation of works performed and also when determining the costs expected to be incurred to complete the contracted works.
Page 17
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 18
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 19
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.Taxation (continued)
Enter details here
Page 20
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 21
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 22
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 23
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
Profit and loss account
The Company pays contributions into money purchase pension schemes for the benefit of certain employees. The assets of these schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the company to these funds and amounted to £123,811 (2023: £119,355 ). Contributions of £25,582 (2023: £15,421 ) were payable to these funds at the balance sheet date.
Page 24
F.S.H. (GROUP) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
On 10 April 2025, Neways Associates Limited acquired the shares in Highley’s of Yorkshire Limited from F.S.H Holdings Limited.
The ultimate controlling party is Polystorm Jersey Limited , a company registered in Jersey.
Page 25