Dolphin Solutions (Holdings) Ltd

Principal activity The Company's principal activity continued to be that of a holding company. The Group's principal activity continued to be the manufacturing and distribution of washroom products and accessories in the United Kingdom and internationally with a global distribution network in Europe, USA, Asia, Australasia, and the Middle East. The Group offers a comprehensive range of products designed for the commercial washroom. This allows the Group's to bring its experience and record of innovation into working with our clients to deliver world class commercial washrooms. The projects that we work on focus on corporate, transportation, institutional (healthcare) or other high traffic washrooms alongside servicing general washroom sales via our website and distribution network. As such our major clients comprise corporate customers, blue chip companies and SMEs, who own and / or operate these buildings. The report below concerns the trading performance of this subsidiary to allow the reader to understand the performance shown in the consolidated financial statements. Strategy The Company's strategy is to provide a team of people dedicated to creating the finest commercial washroom experience, supported by its world class products. The Shareholders and Directors are committed to investing in the best personnel, equipment, software and facilities to achieve this in a safe and equal working environment. Business review and KPI's The Directors are pleased to present the results for the year to 31 December 2024 which are in line with expectations, and delivered growth against a continuing uncertain macro-economic background. The results for the Group for the year ending December 2024 show turnover of £26.1m (2023:£21.4m) and profit before taxation of £5.5m (2023: £4.9m). Net assets as at 31 December 2024 were £13.4m (2023: £11.8m). The increase in revenue represented the benefits of the Company's continued investment into its sales function, both in an increase in staff alongside the full year operation and expansion of the appointment only London showroom, alongside continued progress within larger commercial contracts.