Registration number: 07874856

Technik Ground Solutions Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 11

Technik Ground Solutions Limited

Company Information

Directors

K A Christie C A Elms C M England F Herlihy G W Lewis A A Ryder G W Tuckwell P S Whinfield

Company secretary

S Evans

Registered office

Spring Lodge 172 Chester Road Helsby Cheshire WA6 0AR

Auditors

UHY Ross Brooke Chartered Accountants and Registered Auditors Suite I Windrush Court Abingdon Business Park Abingdon Oxfordshire OX14 1SY

Technik Ground Solutions Limited

(Registration number: 07874856)
Balance Sheet as at 6 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	433,101	641,097
Current assets
Stocks		130,119	124,522
Debtors	5	850,636	2,592,423
Cash at bank and in hand		253,868	515,307
		1,234,623	3,232,252
Creditors: Amounts falling due within one year	6	(357,161)	(2,165,456)
Net current assets		877,462	1,066,796
Total assets less current liabilities		1,310,563	1,707,893
Deferred tax liability		(50,771)	(130,980)
Net assets		1,259,792	1,576,913
Capital and reserves
Called up share capital		765	765
Capital redemption reserve		235	235
Retained earnings		1,258,792	1,575,913
Shareholders' funds		1,259,792	1,576,913

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

......................................... A A Ryder Director

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spring Lodge
172 Chester Road
Helsby
Cheshire
WA6 0AR
England

These financial statements were authorised for issue by the Board on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company.

As permitted by the FRS 102 1A framework, the company has taken advantage of the disclosure exemptions available under that standard in relation to presentation of a cashflow statement, remuneration of key management personnel and presentation of changes in current tax and deferred tax assets/liabilities.

These accounts are consolidated into the accounts of RSK Group Ltd.

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

Going concern

The Directors have acknowledged the latest guidance on going concern from the Financial Reporting Council and considered various relevant matters noted here.

The company participates in the Group’s centralised treasury arrangements and so shares banking arrangements with its subsidiaries. As at 6 April 2025 the funds comprised a £1bn committed acquisition facility and a £150m revolving credit facility (which was increased from the prior £50m during March 2025). These facilities were extended from 2028 to 2030 in September 2024. In September 2024 the Group received £520m preferred equity investment from a consortium of investors.

The facilities will finance growth, both organic and acquisitive and associated working capital requirements.

After a thorough review, the Group's consolidated business plan, forecasts and projections show that it is expected to operate within its facilities.

The Group has established contracts and master service agreements with several customers across a wide range of sectors and markets and has a significant pipeline of committed work, tenders in progress and opportunities. The Directors believe that the Group will continue to manage its business risks successfully despite uncertain economic conditions in some business sectors and countries.

There is an ongoing restructuring program to minimise further losses and the business is receiving managerial support from RSK Group Limited to rectify historic trading issues and generate further income. The directors have reasonable expectation that the Company has adequate support and resources to navigate through the challenging current economic climate and continue in operational existence for the foreseeable future, being a period of at least twelve months after the date on which the report and financial statements are signed. The Company has access to facilities held by RSK Group Limited and the directors of the company have sought, and obtained in writing, confirmation from the directors of RSK Group Limited that any such support as may be required to enable the Company to fulfil its obligations as they fall due would be provided. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 September 2025 was Caroline Webster FCA, who signed for and on behalf of UHY Ross Brooke.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

In respect of long-term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Long-term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover represents the value of work done in the year, including estimates of amounts not invoiced, and is recognised by reference to the stage of completion. Operating profit includes attributable profit on long-term completed contracts and amounts recoverable on uncompleted contracts, the latter being included within debtors due within one year.

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

Tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change 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 tax liabilities for Sonic Drilling & Piling Planthire Limited have been recognised in the financial statements of Technik Ground Solutions Limited following the hive-up of Sonic Drilling & Piling Planthire Limited into Technik Ground Solutions Limited.

Current tax
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 generate income.

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax balances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the different between the fair value of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10-33% straight line
Fixtures and fittings	20-33% straight line

Page 6

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Creditors

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expenses when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

Financial instruments

Financial assets and liabilities are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets
Basic financial assets, including trade and other receivables, loans receivable from other Group companies, investments in subsidiary companies and cash and cash equivalents, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any provision for impairment.

Impairment of financial assets
At each reporting date the company assesses whether there is objective evidence that a financial asset is impaired. If such evidence exists, the company recognises an impairment loss which is measured as the difference between the carrying amount and the present value of the future cashflows, discounted at the original effective interest rate. Impairment losses are recognised in profit or loss.

Impairment losses are reversed if the reversal can be objectively related to an event occurring after the impairment was recognised. The reversal of the impairment will be recognised in profit or loss.

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, hire purchase contracts and loans payable to other Group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at the market rate of interest.

Debt instruments are subsequently carried at amortised cost using the effective interest method.

Derecognition of financial instruments
A financial asset is derecognised when the contractual rights to the cash flows from the financial asset expire, or the company transfers the financial asset and substantially all the risks and rewards of ownership have been transferred.

A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled, or expires.

3	Staff numbers

The average number of persons employed by the company during the period, was 17 (2024 - 0).

In the prior year employees were paid through fellow group company Sonic Drilling & Piling Planthire Limited. A recharge of £535,098 was made in the year to 31 March 2024.

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	9,440	2,200,534	2,209,974
Additions	24,219	10,160	34,379
At 6 April 2025	33,659	2,210,694	2,244,353
Depreciation
At 1 April 2024	8,246	1,560,631	1,568,877
Charge for the period	3,329	239,046	242,375
At 6 April 2025	11,575	1,799,677	1,811,252
Carrying amount
At 6 April 2025	22,084	411,017	433,101
At 31 March 2024	1,194	639,903	641,097

5

Debtors

	2025 £	2024 £
Trade debtors	25,655	4,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	130,000	1,610,013
Prepayments	36,382	36,519
Other debtors	76,320	93,673
Accrued income	520,373	773,448
Group relief receivable	25,626	-
Corporation tax receivable	36,280	74,770
	850,636	2,592,423

Technik Ground Solutions Limited

Notes to the Financial Statements for the Period from 1 April 2024 to 6 April 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	107,738	389,817
Amounts owed to group undertakings and undertakings in which the company has a participating interest	148,141	1,580,642
Social security and other taxes	31,357	31,348
Accruals and deferred income	65,381	35,297
Other creditors	4,544	5,332
Group relief payable	-	123,020
	357,161	2,165,456