The directors present the strategic report for the year ended 31 December 2024.

The principal activity of the company continued to be that of holding investments in companies which manufacture and sell safe access platforms in the aviation and railway sectors.

Semmco Group was acquired by HAKI in October 2024. Continuing growth in revenue and gross profit margin in 2024, with expectations for 2025 to be further growth. Ongoing supply contracts with market leading customers in the UK and abroad continues whilst new customers have been acquired. The directors are satisfied with the overall level of profitability.

The principal risks to the business in its sector relates to uncertainty of projects going ahead. These are often seen to be subject to delays and sometimes cancelled which has a major impact on the revenue. Semmco products are used to perform hazardous operations where claims for product liability or personal injury may arise. Semmco Limited monitors and manages these risks through its normal business processes, taking out insurances and making accounting provisions as appropriate

On behalf of the board

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Semmco Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Kestrel Way, Goldsworth Park Trading Estate, Woking, Surrey, GU21 3BA, UK.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Semmco Group Limited is a wholly owned subsidiary of Vertemax Group Limited and the results of Semmco Group Limited are included in the consolidated financial statements of HAKI Safety AB which are available from Box 4241 203 12 Malmo, Sweden.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

Included within investments are the following 100% owned subsidiaries:

• Semmco Limited - incorporated in the United Kingdom

• Semmco Inc - incorporated in the United States

• Semmco DWC - incorporated in the United Arab Emirates

All subsidiaries listed above are included in the consolidated accounts of the ultimate parent company, HAKI Safety AB.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared is HAKI Safety AB, a company incorporated in Sweden. Consolidated financial statements are available from Box 4241 203 12 Malmo, Sweden.

HAKI Safety AB is the company's ultimate parent undertaking and ultimate controlling party.