Company registration number 01713728 (England and Wales)
BURTON ROOFING MERCHANTS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
BURTON ROOFING MERCHANTS LIMITED
COMPANY INFORMATION
Directors
Mr I Leigh
Mr A T Fernandez
Mr E Mera
Cupa Inversion, S.L
Company number
01713728
Registered office
First Floor
Block A
Clifton Park Avenue
York
YO30 5PB
Auditor
MHA
80 Mosley Street
Manchester
M2 3FX
BURTON ROOFING MERCHANTS LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4 - 6
Directors' responsibilities statement
7
Independent auditor's report
8 - 10
Statement of comprehensive income
11
Balance sheet
12
Statement of changes in equity
13
Notes to the financial statements
14 - 30
BURTON ROOFING MERCHANTS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Review of the business

Turnover decreased to £146.7m in 2025 from £152.6m in 2024 driven by challenging market conditions and subdued demand. Gross margin % grew by 125 BPS to 25.5% (2024: 24.3%) which was predominantly due to internal driven-efficiencies for margin improvement. The net result after tax showed a profit of £1.6m, this compares to a profit of £2.4 m in 2024.

The business remains resilient despite a continuation of challenging market conditions in the UK construction industry. The consolidation of business entities, alongside a strengthened senior management team and central support function, provide a strong platform for the continued success and growth of Burton Roofing in the UK.

Net assets of the company as at 31 December 2025 amounted to £21.9m (2024: £23.8m).

The directors have identified three key performance indicators, being turnover, gross margin and EBITDA.

2025 2024

Turnover £146.7m £152.6m

Gross Margin 25.5% 24.3%

EBITDA before non-recurring costs £3.9m £5.5m

Principal Risks and Uncertainties

The main risks to achieving business strategy have been assessed by the directors and can be summarised as follows:

Financing

Potential impact: A significant change in either bank borrowing facilities or in supplier credit terms would affect the ability to maintain the range and depth of the current product offer.

Mitigation: The business maintains a regular dialogue with key suppliers and with their credit insurers. There are agreed facilities with HSBC Bank that, combined with the existing supplier credit arrangements provide the support required to maintain and grow the business. There is access to alternative funding if required.

People

Potential impact: The business could be impacted by the loss of key individuals.

Mitigation: The business looks to maximise staff engagement through regular meetings, feedback opportunities and business updates. The business aims to develop and retain staff by offering training, progression and competitive remuneration and incentive arrangements.

BURTON ROOFING MERCHANTS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Market risk

Potential impact: A significant downturn in the construction sector would lead to reduced activity.

Mitigation: Our business is dependent upon the economic health of the UK and in particular house building and repair market. The UK Government has made a significant commitment to deliver 1.5 million new homes in the next 5 years by mandatory housing targets for councils, new planning reforms and focus on social and affordable housing. The mix of competitive pricing, a customer centric approach and increasing geographical reach puts the business in a good position to retain existing customers and attract new customers. The business is profitable with a strong balance sheet, it is sufficiently robust to deal with an economic downturn.

Health and Safety

Potential impact: Health and safety risks including risk of major injury or loss of life.

Mitigation: The business is committed to a safety-first approach at all levels. The priority is to ensure a safe environment for staff, customers, suppliers and all other visitors to each of our sites. The business has invested well in the Health and Safety function, maintains detailed procedural documentation and ensures that all staff are trained to a high standard.

Companies Act 2006 Section 172 Statement

Strategy

Our continued long-term goal is to become a nationwide roofing materials supplier, known for providing second to none customer service and an extensive product range. This has been supported with the acquisition of Rinus Roofing Supplies Limited in 2021, and Discount Roofing & Building Suppliers Ltd in 2022.

Compliance with duty

This statement by the board describes how the responsibilities under s172(1)(a) to (f) of the Companies Act 2006 have been approached in the financial year ending 31st December 2025.

The directors consider that they have acted in good faith to promote the success of the company on behalf of the stakeholders, in relation to matters set out in s172 of the Act.

Key Stakeholders

Key to our strategy to achieve our long-term goals are the stakeholders identified below:

• Our employees

• Our customers

• Our suppliers

Employees

Our employees are key to the success of the business. Our aim is to ensure that all employees have a safe and happy environment to work in and have the opportunity to grow with the company. The management team ensure that employees are updated on a regular basis and are party to any significant change in the business. Working parties are formed on a regular basis, bringing together a cross section of roles and functions.

Health and safety remains a key commitment for the business. During 2025 we made further investments in our health and safety function and training.

BURTON ROOFING MERCHANTS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Customers

Whilst the growth of the company is an important objective for Burton Roofing Merchants, the business has not lost sight of it’s roots as a local business. Our aim to always provide the level of customer services expected from a local business and to combine this with the product range and availability, geographic reach, knowledge and value that a national company can offer.

We continue to develop our systems to enhance the service provided to our customers.

Suppliers

We maintain a good relationship with our suppliers and this will only improve as we continue to develop our central commercial support team. Our strategy of growth will be mutually beneficial for our suppliers and we are committed to work closely to maintain and grow key relationships in future.

Future Developments

The directors anticipate that the sector will start to grow slowly in 2026 following a period of downturn. The company remains in a good position to build on its position in the market through strong relationships with key stakeholders. The principal activity of the company remains unchanged.

On behalf of the board

Mr I Leigh
Director
9 April 2026
BURTON ROOFING MERCHANTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be that of the sale of roofing supplies.

Results and dividends

The results for the year are set out on page 11.

Ordinary dividends were paid amounting to £3,500,000. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr I Leigh
Mr A T Fernandez
Mr E Mera
Mr T M Wood
(Resigned 16 January 2026)
Cupa Inversion, S.L
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

Auditor

The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.

MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

BURTON ROOFING MERCHANTS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
Energy and carbon report

The energy consumption and associated greenhouse gas emissions have been calculated as follows:

|  | 202 5 | 202 5 | 2024 | 2024
Fuel Type | Scope | Consumption (kWh) | Kg CO2 | Consumption (kWh) | Kg CO2
Electricity | Scope 2 | 9 76,997 | 172,928 | 990,275 | 205,036
Gas Butane & Propane | Scope 1 Scope 1 | 32,624 178,628 | 67,425 39,299 | 3 0,389 285,931 | 5,558 62,813
Vehicle fuel | Scope 1 | 9,275,864 | 2,374,938 | 8,783,876 | 2,200,453
Kerosene | Scope 1 | 51,771 | 12,706 | 82,831 | 20,328

The total kWh consumed by the company in 202 5 is 10,515,884 (202 4: 10,173,302).

The total kg CO2e (including Scope 3 which is not included in the data above) produced by the company in 202 5 is 3,751.9 metric tonnes CO2e (2024: 3,635.8) which is 2 5.57 per £1m of turnover (202 4: 23.82 per £1m of turnover). UK Government GHG Conversion Factors have been utilised to convert consumption into GHG emissions.

Quantification and reporting methodology

We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol - Corporate Standard and have used the 202 5 UK Government's Conversion Factors for Company Reporting.

The company consumes electricity and gas throughout its network of depots and vehicle fuel for our fleet of commercial delivery vehicles and private cars, with no emissions from rental vehicles. Consumption figures have been calculated from meter readings taken from supplier invoices.

This follows the location-based approach methodology and vehicle fuel has been compiled from reports provided by our fuel card provider.

Intensity measurement

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per £1m of turnover, a practical ratio for the sector. Turnover for 2025 is £146.7m (2024: £152.6m).

Measures taken to improve energy efficiency

During the 2025 financial year the business has undertaken several energy saving actions. These included both lighting upgrades and PIR control of lighting at various branches as well as changes to its fleet from fuel-based vehicles to electric vehicles. There are further energy efficiency improvements planned for 2026.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of financial risk management objectives and policies, and future developments.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

BURTON ROOFING MERCHANTS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
On behalf of the board
Mr I Leigh
Director
9 April 2026
BURTON ROOFING MERCHANTS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 enable them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

BURTON ROOFING MERCHANTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BURTON ROOFING MERCHANTS LIMITED
- 8 -
Opinion

We have audited the financial statements of Burton Roofing Merchants Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including material 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).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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 Auditor 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 UK, including the FRC’s Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with those requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are 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.

BURTON ROOFING MERCHANTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BURTON ROOFING MERCHANTS LIMITED (CONTINUED)
- 9 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' 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 identifie d material misstatements in the strategic report or the directors' r eport.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

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 auditor's 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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud, is detailed below:

- Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud;

- Challenging assumptions and judgements made by management in their significant accounting estimates;

- Auditing the risk of fraud in revenue, through testing a sample of relevant transactions to provide comfort that revenue as stated in the financial statements has occurred and by reviewing the application of income cut off procedures around the balance sheet date;

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness;

- Reviewing board minutes and resolutions;

- Obtaining third party confirmations of material bank balances; and

- Documenting and verifying all significant related party balances.

BURTON ROOFING MERCHANTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BURTON ROOFING MERCHANTS LIMITED (CONTINUED)
- 10 -

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 is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

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 auditor's 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.

Russell Cooper BSc ACA
Senior Statutory Auditor
For and on behalf of MHA, Statutory Auditor
Manchester, United Kingdom
9 April 2026
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
BURTON ROOFING MERCHANTS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
2025
2024
Notes
£
£
Turnover
3
146,728,514
152,647,591
Cost of sales
(109,251,975)
(115,562,486)
Gross profit
37,476,539
37,085,105
Distribution costs
(5,467,078)
(5,049,177)
Administrative expenses
(29,284,900)
(27,667,912)
Operating profit
4
2,724,561
4,368,016
Interest receivable and similar income
8
126,380
80,454
Interest payable and similar expenses
9
(498,589)
(696,044)
Profit before taxation
2,352,352
3,752,426
Tax on profit
10
(747,430)
(1,345,991)
Profit for the financial year
1,604,922
2,406,435

The profit and loss account has been prepared on the basis that all operations are continuing operations.

BURTON ROOFING MERCHANTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 12 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
12
1,951,870
2,395,935
Tangible assets
13
3,293,147
2,888,473
Investments
14
205,196
205,196
5,450,213
5,489,604
Current assets
Stocks
16
19,294,740
18,884,190
Debtors
17
26,421,923
27,533,524
Cash at bank and in hand
3,176,208
8,662,057
48,892,871
55,079,771
Creditors: amounts falling due within one year
18
(32,055,603)
(32,338,907)
Net current assets
16,837,268
22,740,864
Total assets less current liabilities
22,287,481
28,230,468
Creditors: amounts falling due after more than one year
19
(90,222)
(4,148,540)
Provisions for liabilities
Deferred tax liability
22
284,528
274,119
(284,528)
(274,119)
Net assets
21,912,731
23,807,809
Capital and reserves
Called up share capital
24
10,000
10,000
Profit and loss reserves
21,902,731
23,797,809
Total equity
21,912,731
23,807,809
The financial statements were approved by the board of directors and authorised for issue on 9 April 2026 and are signed on its behalf by:
Mr I Leigh
Director
Company registration number 01713728 (England and Wales)
BURTON ROOFING MERCHANTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
10,000
21,391,374
21,401,374
Year ended 31 December 2024:
Profit and total comprehensive income
-
2,406,435
2,406,435
Balance at 31 December 2024
10,000
23,797,809
23,807,809
Year ended 31 December 2025:
Profit and total comprehensive income
-
1,604,922
1,604,922
Dividends
11
-
(3,500,000)
(3,500,000)
Balance at 31 December 2025
10,000
21,902,731
21,912,731
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
1
Accounting policies
Company information

Burton Roofing Merchants Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Block A, Clifton Park Avenue, York, YO30 5PB.

1.1
Basis of preparation

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.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The company has taken advantage of the exemption under section 402 of the Companies Act 2006 not to prepare consolidated financial statements. All subsidiaries were dormant during the current and comparative reporting period and the consolidated results would not differ materially from the results presented.

Burton Roofing Merchants Limited is a wholly owned subsidiary of Brookfield Slate Holdings Limited and the results of Burton Roofing Merchants Limited are included in the consolidated financial statements of Brookfield Slate Holdings Limited.

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.2
Going concern

The directors have adopted the going concern basis in preparing these accounts after assessing the principal risks and having considered the impact of a plausible downside scenario in relation to increasing cost base and inflation. true

The company is funded by a combination of cash balances, an invoice discounting facility, an available overdraft facility. The group has also confirmed it's intention to support the operations of Burton Roofing Merchants financially for at least 12 months from the date of the approval of these financial statements.

The directors considered the impact of the current inflationary and wider macro environment on the business for the next 12 months, the viability period and the longer term. They have considered a number of impacts on sales, profits and cash flows.

Overall, the directors scenario planned several out turns. The impact of inflationary pressure would have a negative impact on forecasted profitability however the scenario modelling would indicate that the business would remain profitable over the next 12 month alongside positive cashflows.

Throughout this plausible downside scenario, the business continues to have significant liquidity headroom on existing facilities.

The directors believe that the Company is well placed to manage its financing and other business risks satisfactorily and are confident that the business will have adequate resources to continue in operation for at least 12 months from the signing date of these financial statements. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses and the hive up of the trade and assets from a subsidiary over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 16 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold additions
10% straight line
Plant and equipment
10% - 14% straight line
Fixtures and fittings
10% straight line
Computers
25% straight line
Motor vehicles
14% - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries 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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials, less rebates received, and, where applicable, includes direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank facilities and loans from fellow 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 the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Impairment of fixed assets

At each balance sheet date management undertake an assessment of the carrying amounts of its tangible fixed assets and fixed asset investments based upon their knowledge of the assets to determine whether there is any indication that the assets have suffered an impairment loss.

Classification of finance and operating leases

At the inception of each lease, management undertake an assessment of the terms of the lease including the payments to be made over the life of the lease, the fair value of the asset subject to the lease, the length of the lease and whether the terms of the lease transfer substantially all of the risks and rewards of ownership. Based on this assessment, management will determine whether the lease should be classified as a finance or operating lease.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful economic life and impairment of goodwill

At each balance sheet date, management undertake an assessment of the carrying value of goodwill to determine where there is any indication that the goodwill has suffered an impairment loss. Amortisation is recognised over the estimated useful life of 10 years from the date of acquisition. During the current and prior year, there have been no impairments recognised.

Supplier rebates

At the year end, management estimate the supplier rebates owing to the company based on rebate agreements and expected purchases with suppliers.

At the year end, a supplier rebates balance of £6,306,019 (2024: £6,454,192) is recognised within other debtors as owing to the company.

Management reduce the cost of stock by the balance of expected supplier rebates. The adjustment assumes that rebates accrue evenly over the year and over all stock lines.

Stocks include an estimate for supplier rebates of £1,688,846 (2024: £1,548,903).

BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sale of goods
146,728,514
152,647,591
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
142,669,603
149,681,013
Rest of Europe
2,433,441
994,643
Rest of the World
1,625,470
1,971,935
146,728,514
152,647,591
2025
2024
£
£
Other revenue
Interest income
126,380
80,454
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Exchange losses
68,502
37,027
Depreciation of owned tangible fixed assets
677,373
570,167
Depreciation of tangible fixed assets held under finance leases
84,312
93,535
Loss on disposal of tangible fixed assets
128,434
8,752
Amortisation of intangible assets
444,065
458,541
Operating lease charges
5,916,718
5,406,396
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
109,000
110,000
For other services
Taxation compliance services
6,700
6,000
All other non-audit services
8,331
5,000
15,031
11,000
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 22 -
6
Employees

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

2025
2024
Number
Number
Branch staff
327
332
Support Staff
54
53
Senior Management
3
5
Directors
2
3
Total
386
393

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
13,914,964
13,680,499
Social security costs
1,678,227
1,314,473
Pension costs
337,591
341,392
15,930,782
15,336,364
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
285,903
423,412
Company pension contributions to defined contribution schemes
7,751
15,042
293,654
438,454

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 2).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
166,504
165,827
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
70,489
25,066
Interest receivable from group companies
55,891
-
0
Other interest income
-
0
55,388
Total income
126,380
80,454
9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
148,890
175,408
Interest payable to group undertakings
342,860
502,340
Interest on finance leases and hire purchase contracts
6,839
5,129
Other interest
-
0
13,167
498,589
696,044
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
251,957
155,771
Adjustments in respect of prior periods
(30,786)
271,069
Group tax relief
515,850
849,349
Total current tax
737,021
1,276,189
Deferred tax
Origination and reversal of timing differences
10,590
69,802
Adjustment in respect of prior periods
(181)
-
0
Total deferred tax
10,409
69,802
Total tax charge
747,430
1,345,991
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Taxation
(Continued)
- 24 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,352,352
3,752,426
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
588,088
938,107
Tax effect of expenses that are not deductible in determining taxable profit
64,393
136,815
Adjustments in respect of prior years
(30,967)
271,069
Fixed asset differences
125,916
-
0
Taxation charge for the year
747,430
1,345,991

The company is part of a group that operates in a number of jurisdictions. For periods commencing on or after 1 January 2024, new tax legislation will apply to ensure the effective tax rate of the UK companies within the group will be at least 15%, subject to various complex calculations. These rules have been implemented in the UK via the Domestic Top Up Tax legislation, which the company is subject to.

The temporary exception has been taken in relation to recognising or disclosing any deferred tax assets or liabilities in relation to the OECD Pillar Two income taxes.

11
Dividends
2025
2024
£
£
Interim paid
3,500,000
-
0
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
12
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
4,823,755
Amortisation and impairment
At 1 January 2025
2,427,820
Amortisation charged for the year
444,065
At 31 December 2025
2,871,885
Carrying amount
At 31 December 2025
1,951,870
At 31 December 2024
2,395,935
13
Tangible fixed assets
Leasehold additions
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
2,457,587
532,481
1,822,947
1,448,112
2,983,766
9,244,893
Additions
487,007
133,909
544,319
43,526
124,586
1,333,347
Disposals
(87,275)
(334,926)
(109,218)
-
0
(211,966)
(743,385)
At 31 December 2025
2,857,319
331,464
2,258,048
1,491,638
2,896,386
9,834,855
Depreciation and impairment
At 1 January 2025
1,661,372
308,966
1,086,868
1,092,737
2,206,477
6,356,420
Depreciation charged in the year
155,664
(29,059)
128,045
222,900
284,135
761,685
Eliminated in respect of disposals
(46,154)
(258,942)
(70,260)
-
0
(201,041)
(576,397)
At 31 December 2025
1,770,882
20,965
1,144,653
1,315,637
2,289,571
6,541,708
Carrying amount
At 31 December 2025
1,086,437
310,499
1,113,395
176,001
606,815
3,293,147
At 31 December 2024
796,215
223,515
736,079
355,375
777,289
2,888,473
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13
Tangible fixed assets
(Continued)
- 26 -

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Motor vehicles
215,471
308,438
14
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
15
192,696
192,696
Unlisted investments
12,500
12,500
205,196
205,196
15
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Address
Nature of business
Class of
% Held
shares held
Direct
Rinus Roofing Supplies Limited
1
Dormant
Ordinary
100.00
D R B S Holdings Limited
1
Dormant
Ordinary
100.00
Discount Roofing and Building Supplies Limited
1
Dormant
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1
First Floor, Block A, Clifton Park Avenue, York, England, YO30 5PB
16
Stocks
2025
2024
£
£
Finished goods and goods for resale
19,294,740
18,884,190
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
17
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
16,366,338
17,782,726
Corporation tax recoverable
1,435,129
1,327,827
Amounts owed by group undertakings
613,370
509,962
Other debtors
6,306,019
6,454,192
Prepayments and accrued income
1,701,067
1,458,817
26,421,923
27,533,524
18
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Obligations under finance leases
21
59,517
60,475
Other borrowings
20
9,926,051
8,948,888
Trade creditors
13,508,800
15,120,917
Amounts owed to group undertakings
3,816,824
3,734,830
Taxation and social security
2,347,288
2,831,342
Other creditors
73,990
733,868
Accruals and deferred income
2,323,133
908,587
32,055,603
32,338,907
19
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
21
90,222
148,540
Other borrowings
20
-
0
4,000,000
90,222
4,148,540
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 28 -
20
Loans and overdrafts
2025
2024
£
£
Loans from group undertakings
-
0
4,000,000
Other loans
9,926,051
8,948,888
9,926,051
12,948,888
Payable within one year
9,926,051
8,948,888
Payable after one year
-
0
4,000,000

Amounts owed to group undertakings due after one year includes a loan of £nil (2024: £4,000,000). The loan was repaid in full during 2025. The loan accrued interest at 6.5% which was payable on demand. Other amounts owed to group undertakings are interest free and classified as creditors due within one year.

Other loans includes an invoice discounting facility which accrues a discounting charge of Base Rate plus 1.6% and is secured by a fixed and floating charge over all assets of the company.

21
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
59,517
60,475
In two to five years
90,222
148,540
149,739
209,015
22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
302,381
292,259
Short term timing differences
(17,853)
(18,140)
284,528
274,119
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
22
Deferred taxation
(Continued)
- 29 -
2025
Movements in the year:
£
Liability at 1 January 2025
274,119
Charge to profit or loss
10,409
Liability at 31 December 2025
284,528

The deferred tax liability relates to accelerated capital allowances that are expected to reverse over the remaining useful life of tangible assets.

23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
337,591
341,392

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the balance sheet date pension contributions of £71,411 were outstanding (2024: £73,296)

24
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
10,000
10,000
25
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
5,374,425
4,669,726
Between two and five years
16,841,693
14,702,992
In over five years
13,251,859
13,453,537
35,467,977
32,826,255
BURTON ROOFING MERCHANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
26
Ultimate controlling party

The immediate parent company is Cupa-Burton Group Limited, a company incorporated in England and Wales with registered office at First Floor, Block A, Clifton Park Avenue, York, YO30 5PB.

The smallest group for which consolidated accounts are prepared, of which this company is a member, is the group headed by Brookfield Slate Holdings Limited, a company incorporated in England and Wales with registered office at 10th floor, 5 Churchill Place, London, E14 5HU.

T he ultimate parent company is Brookfield Corporation, a company incorporated in Canada with registered office at Brookfield Place, Suite 100. 181 Bay Street, Toronto, ON MSJ 2T3.

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