Registration number: 02214024

Unisurge International Limited

Contents

Unisurge International Limited

Company Information

Unisurge International Limited

Strategic Report for the Period from 1 July 2024 to 31 December 2025

The directors present their strategic report for the period from 1 July 2024 to 31 December 2025.

Principal activity

The principal activity of the company is the production and distribution of sterile procedure packs ("Theatre Packs"), wound care products, drapes and gowns, and single use surgical instruments to the healthcare market.

Fair review of the business

The company’s like for like sales have decreased by comparison with the 12 months ended 30 June 2024 with a 1.1% pro rata decrease when compared with the preceding 12 months. This is behind expectations as it was expected that the NHS would continue to increase the number of operations taking place in response to the backlog exacerbated by the COVID-19 pandemic. Profit before taxation for the period has decreased from £6,211,000 in the previous year to £5,737,000.

The company continues to operate in a highly competitive market and is adapting in order to deliver necessary savings for the budget constrained NHS trusts. The market remains challenging for the year ahead, but the board is committed to continuing its investment strategy to support and sustain revenue growth. This is demonstrated by previous development work undertaken at the Newmarket site, which has improved production capacity by up to 40% and storage/distribution capacity by 30%.

The balance sheet on page 15 shows the company’s financial position, with net assets of £47,309,000 (2024: £55,187,000), after paying a dividend of £12,000,000 during the period.

Part of the company’s service to customers is the holding of sufficient stocks to meet customer demands on a timely basis. As a result, and due to persistently long lead times on certain raw materials, stockholding of three months’ demand is targeted; period end stock was £11,524,000, a value considered consistent with activity levels at the balance sheet date and compared with £13,921,000 at the previous year end. The slight reduction in stockholding at period end reflects improvements in stock management processes. At 31 December 2025, the company’s cash levels had decreased from £7,899,000 to £6,925,000 and the Directors were pleased to report that all external debt had been paid off.

Principal risks and uncertainties

The company operates in a highly competitive market which is a continuing risk and could result in it losing sales to its key competitors. The company manages this risk by providing value added services to its customers, having fast response times to customer queries and maintaining strong relationships with its customers, in addition to being very competitive on price.

The economic climate continues to be challenging; the directors are aware that any plans for the future development of the business may be subject to unforeseen events outside their control. However, the directors will continue to show flexibility and respond to market conditions as well as maintaining a commitment to be at the forefront of any innovation within the industry. Certain financial risks, including exposure to foreign exchange rates and interest rate risk are mitigated through the use of appropriate derivative financial instruments. The company is now well placed to take advantage of opportunities as they arise. The board expects that the company will achieve further profitable results for the foreseeable future and is confident that the accounts can be most appropriately prepared on a going concern basis.

Additional uncertainty can come in the form of geopolitical factors. Recent years have seen significant instability in costs of inbound freight and some raw materials. The company is working hard to mitigate such risks, by way of alternative supplier arrangements, hedging, and formalising procurement terms with key suppliers.

Unisurge International Limited

Strategic Report for the Period from 1 July 2024 to 31 December 2025 (continued)

Approved and authorised by the Board on 27 May 2026 and signed on its behalf by:
 

Unisurge International Limited

Directors' Report for the Period from 1 July 2024 to 31 December 2025

The directors present their report and the financial statements for the period from 1 July 2024 to 31 December 2025.

Directors of the company

The directors who held office during the period were as follows:

S Wilson

A Farboud (ceased 24 March 2026)

A Farboud (ceased 31 March 2025)

J Farboud (ceased 31 March 2025)

A Farboud (ceased 31 March 2025)

T Menitz (appointed 31 March 2025)

H Mägdefrau (appointed 31 March 2025)

Dividends

Interim dividends of £12,000,000 were paid in respect of the financial period.

On 11 March 2026, subsequent to the year end, the directors declared a dividend of £3,846,900 to be paid to the parent company.

Financial instruments

Objectives and policies

The company's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the company's policies and communicated by the board of directors which provide specific guidance on the use of financial derivatives to manage these risks. The company does not use derivative financial instruments for speculative purposes.

Price risk, credit risk, liquidity risk and cash flow risk

The company's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The company uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

The company's principal financial assets are bank balances and cash, trade and other receivables, and investments. The company's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The company has no significant concentration of credit risk, with exposure spread over a large number customers.

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the company uses a mixture of long-term and short-term debt finance.

Directors' liabilities

Unisurge International Limited

Directors' Report for the Period from 1 July 2024 to 31 December 2025 (continued)

Disclosure of information to the auditors

Reappointment of auditors

The auditors Hawsons Chartered Accountants are deemed to be reappointed under section 487(2) of the Companies Act 2006.

The Streamlined Energy and Carbon Reporting (SECR) reporting period aligns with Unisurge International Limited’s financial period and covers the 18-month period from 1st July 2024 to 31st December 2025.

Energy and Emissions Data

Energy and emissions data are presented in the following table:

Unisurge International Limited

Directors' Report for the Period from 1 July 2024 to 31 December 2025 (continued)

Energy and emissions commentary

During the reporting period from 1st July 2024 to 31st December 2025 Unisurge International Limited continued its focus on reducing energy consumption and greenhouse gas (GHG) emissions.

When comparing energy consumption and emissions over the 18-month financial period with the previous 12-month reporting period, the figures appear higher. This increase is expected, as the longer reporting period naturally results in proportionally greater totals; if energy use and emissions had remained constant, the 18-month figures would be approximately 50% higher than the 12-month period.

Total energy consumption for the year was 12,928,017kWh, representing a 53.06% increase compared to the previous year’s figure of 8,446,287 kWh.

Total Scope 1 and Scope 2 emissions amounted to 2682 tonnes of CO2e, a 50.04% increase from last year’s total of 1787 tonnes CO2e.

Natural gas emissions for the 18-month financial period shows an increase of 54.79% over the previous reporting year.

Electricity emissions for the 18-month financial period shows a decrease of 25.90% over the previous reporting year.

Transport fuel emissions for the 18-month financial period shows an increase of 147.29 % over the previous reporting year.

Total emissions for the 18-month financial period, with a higher turnover, are 50.04 % higher than for the previous reporting year.

The intensity ratio for the 18-month financial period has worsened compared to the previous reporting year. It increased from 36.89 tonnes of CO2 per £M turnover for the last financial period to 37.31 tonnes of CO2 per £M turnover this financial period. This indicates that a company is generating less revenue per unit of greenhouse gas emissions, meaning it operates in a less environmentally efficient manner. The lower the ratio, the less carbon the company emits relative to its economic output.

Unisurge International Limited

Directors' Report for the Period from 1 July 2024 to 31 December 2025 (continued)

Comparable 12 month financial period

However, when energy consumption and emissions are assessed on a comparable 12-month basis, using the first 12 months of the 18-month period and the same months as the previous year, the emissions intensity ratio has still worsened relative to the prior year.

Total energy consumption for the year was 8,960,441 kWh, representing a 6.09% increase compared to the previous year’s figure of 8,446,287 kWh.

Total Scope 1 and Scope 2 emissions amounted to 1854 tonnes of CO2e, a 3.75% increase from last year’s total of 1787 tonnes CO2e.

Natural gas emissions for a comparable 12-month financial period shows an increase of 8.34% over the previous reporting year.

Electricity emissions for a comparable 12-month financial period shows a decrease of 15.03% over the previous reporting year.

Transport fuel emissions for a comparable 12-month financial period show an increase of 6.68% from the previous reporting year.

Total emissions for a comparable 12-month financial period, with a slightly lower turnover, are 3.75% higher than for the previous reporting year.

The intensity ratio for a comparable 12-month financial period has worsened compared to the previous reporting year. It increased from 36.89 tonnes of CO2 per £M turnover last year to 38.59 tonnes of CO2 per £M turnover for a comparable 12-month financial period. This comparison indicates that a company is generating less revenue per unit of greenhouse gas emissions, meaning it operates in a less environmentally efficient manner. The lower the ratio, the less carbon the company emits relative to its economic output.

Energy efficiency actions taken

In accordance with SECR requirements, the following energy efficiency actions were undertaken during the reporting period:

Unisurge International Limited has expanded the EV charging infrastructure at Newmarket to accommodate an additional four vehicles.

In relation to other energy and efficiency initiatives, further positive progress has been achieved through the migration to smaller and more efficient vehicles. The introduction of a new articulated vehicle has delivered an improvement of approximately 3 mpg, while the deployment of new 3.5-tonne vans with smaller engines is achieving an average fuel efficiency improvement of around 6 mpg.

Unisurge International Limited will continue the phased rollout of these new vehicles across the fleet throughout 2026 and 2027, in line with the established fleet transition plan.

Unisurge International Limited

Directors' Report for the Period from 1 July 2024 to 31 December 2025 (continued)

During the reporting period, Unisurge International Limited also generated a total of 1,179,604 kWh of electricity through their onsite solar photovoltaic (PV) system. This clean, renewable energy contributed to reducing their reliance on grid-supplied electricity and lowered their carbon footprint.

Of the total electricity generated, 781,743 kWh was used directly onsite to meet their operational energy needs, contributing to approximately 26.42% of their total electricity consumption.

By utilising renewable energy onsite, Unisurge International Limited reduced their Scope 2 greenhouse gas emissions from purchased electricity by 138.37 tonnes of CO2e, using the latest GHG conversion factors for electricity.

Additionally, Unisurge International Limited exported 397,861 kWh of excess electricity back to the grid, further supporting the wider decarbonisation of the energy sector. This exported energy represents 34% of Unisurge International Limited’s total generation, though it is not included in their total consumption figures as it was not utilised by Unisurge International Limited. The Company continues to identify further opportunities to improve energy efficiency and reduce emissions.

Methodology used to prepare the disclosure

Reporting boundaries and timeframes were defined.

Energy consumption and carbon emissions (Scope 1 and 2) data was gathered.

Energy usage for gas and electricity, were taken from invoice copies, entered into a spreadsheet, and provided by the client.

Transport fuel consumption details were collected and entered into a spreadsheet and providedby the client. 457,986 litres of diesel, and 5,887 litres of petrol were used throughout the year.

The relevant Tonnes of CO2 emitted (tCO2e) was determined by using factors from UK Government GHG Conversion Factors for Company Reporting published by the Department for Business, Energy, and Industrial Strategy in June 2025.

This data is presented, together with the equivalent data for the previous year for comparison purposes.

Methodology used to Calculate the Ratio which Expresses the Company’s Annual Emissions in Relation to a Quantifiable Factor Associated with the Company’s Activities

Unisurge International Limited have elected to use scope 1 and 2 CO2e (tonnes) by annual turnover for their financial and reference year. They have chosen the metric as this is a common business metric for the industry sector. This methodology has been used in this report to enable a comparison.

Approved and authorised by the Board on 27 May 2026 and signed on its behalf by:
 

Unisurge International Limited

Statement of Directors' Responsibilities

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:

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.

Unisurge International Limited

Independent Auditor's Report to the Members of Unisurge International Limited

Opinion

We have audited the financial statements of Unisurge International Limited (the 'company') for the period from 1 July 2024 to 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, the Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, 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).

In our opinion, the financial statements:

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 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.

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.

We have nothing to report in this regard.

Unisurge International Limited

Independent Auditor's Report to the Members of Unisurge International Limited (continued)

Opinion on other matter prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of our 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 Directors' Report.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company’s result for the period, and management bias in key accounting estimates.

Audit procedures performed by the engagement team included:

Unisurge International Limited

Independent Auditor's Report to the Members of Unisurge International Limited (continued)

There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: 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.

......................................
Craig Burton (Senior Statutory Auditor)
For and on behalf of Hawsons Chartered Accountants, Statutory Auditor

Pegasus House
463a Glossop Road
Sheffield
South Yorkshire
S10 2QD

27 May 2026

Unisurge International Limited

Profit and Loss Account

for the Period from 1 July 2024 to 31 December 2025

The above results were derived from continuing operations.

Unisurge International Limited

Statement of Comprehensive Income

for the Period from 1 July 2024 to 31 December 2025

Unisurge International Limited

(Registration number: 02214024)

Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 27 May 2026 and signed on its behalf by:
 

Unisurge International Limited

Statement of Changes in Equity for the Period from 1 July 2024 to 31 December 2025