Modern Slavery and Human Trafficking Statement

Financial Year Ended 31 December 2025

Introduction

This statement is made pursuant to Section 54 of the Modern Slavery Act 2015 and constitutes the Modern Slavery and Human Trafficking Statement of Kerax Limited for the financial year ended 31 December 2025.

Kerax Limited is committed to conducting business ethically and with integrity and to implementing effective systems and controls designed to minimise the risk of modern slavery and human trafficking occurring within our business operations or supply chains.

We recognise that modern slavery is a global issue which can take many forms, including forced labour, bonded labour, child labour, human trafficking and exploitation. We have a zero-tolerance approach to modern slavery and are committed to acting responsibly, transparently and ethically in all business dealings.

This statement describes the steps taken during the reporting period to assess, prevent and address modern slavery risks in Kerax Limited’s own operations and supply chains. It should be read as an account of activity undertaken during the financial year, together with the Company’s priorities for continuous improvement.

Our Business and Supply Chains

Kerax Limited is a UK-based manufacturer and supplier of specialist wax products serving customers across a range of industrial sectors.

Our operations are based in Chorley, Lancashire. Our supply chains include raw materials, packaging materials, transport services, maintenance services and other operational support services sourced from suppliers in the United Kingdom and internationally. These categories inform the scope of our modern slavery risk assessment and supplier due diligence activities.

We recognise that modern slavery risks may be present within global supply chains, particularly where labour-intensive activities, low-cost manufacturing, temporary labour arrangements or sourcing from higher-risk jurisdictions exist. We are committed to identifying, assessing and managing these risks through proportionate due diligence and supplier oversight.

Our Policies

Kerax Limited maintains a number of policies and procedures designed to promote ethical business practices and help prevent modern slavery and human trafficking, including:

Employee Handbook and Code of Conduct
Whistleblowing Policy
Anti-Bribery and Corruption Policy
Equal Opportunities Policy
Recruitment and Right to Work Procedures
Health and Safety Policy
Supplier Approval and Procurement Procedures

These policies set out our expectations regarding lawful and ethical conduct and provide mechanisms for employees and stakeholders to report concerns confidentially and without fear of retaliation.

Due Diligence Processes

During the financial year ended 31 December 2025, Kerax Limited applied due diligence activities appropriate to the nature and risk profile of its suppliers. These activities formed part of supplier approval, onboarding, contractual review, risk assessment and ongoing supplier monitoring.

Our procedures include:

Reviewing prospective suppliers prior to approval.
Obtaining relevant business and trading information as part of supplier onboarding.
Incorporating contractual obligations requiring compliance with applicable employment, labour and human rights legislation.
Assessing suppliers where higher-risk products, services or jurisdictions are involved.
Monitoring supplier performance and compliance through ongoing business relationships.
Taking appropriate action where concerns are identified.

Where necessary, we reserve the right to request additional information from suppliers relating to employment standards, labour practices and compliance with applicable legislation.

Risk Assessment and Risk Management

During the financial year ended 31 December 2025, Kerax Limited continued to review the risk of modern slavery within both its own operations and its supply chains.

Areas considered to carry a potentially higher risk include:

International sourcing of raw materials.
Suppliers operating in jurisdictions with lower levels of labour regulation enforcement.
Labour-intensive manufacturing activities.
Logistics and transportation providers that may rely on temporary or agency labour.

The Company’s own workforce is employed in the United Kingdom and is subject to UK employment legislation, payroll controls, right-to-work verification procedures and employment documentation. No instances of modern slavery or human trafficking were identified within Kerax Limited’s business operations during the reporting period.

Where a concern is identified, Kerax Limited will assess its nature and severity and take proportionate action. This may include requesting further information, increasing supplier monitoring, requiring corrective action or reviewing the commercial relationship. Any response will seek to address the underlying risk and avoid action that could inadvertently increase harm to affected workers.

Measuring Effectiveness

Kerax Limited continually reviews the effectiveness of its policies and procedures relating to modern slavery and human trafficking.

During the financial year, effectiveness was monitored through:

Review of supplier approval processes.
Monitoring of supplier compliance issues raised through routine business activities.
Review of whistleblowing reports and employee concerns.
Internal management review of compliance matters and supplier-related risks.

As at the date of this statement:

No reports of modern slavery or human trafficking had been received through the Company’s reporting channels. This result is considered alongside supplier due diligence, monitoring activity and management review and is not treated, by itself, as evidence that no modern slavery risk exists.
No significant breaches of supplier labour standards were identified.

Training and Awareness

Kerax Limited recognises the importance of ensuring employees understand the risks associated with modern slavery and human trafficking.

During the reporting period:

Relevant managers were provided with guidance regarding ethical sourcing, supplier management and labour standards.
Employees were encouraged to report concerns through established management and whistleblowing channels.
Management reviewed modern slavery obligations and emerging best practice.

The Company will continue to assess training requirements for employees involved in procurement, supplier management and recruitment. Future awareness activity will focus on recognising indicators of modern slavery, understanding reporting and escalation routes, applying proportionate supplier due diligence and responding appropriately when concerns arise.

Future Commitments

During the next financial year Kerax Limited intends to:

Continue reviewing supplier due diligence processes.
Enhance supplier compliance monitoring where appropriate.
Maintain awareness of modern slavery risks across the business.
Review and strengthen internal policies and procedures where necessary.
Continue promoting a culture of ethical business conduct throughout the organisation.