NENE GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which indicates that there is uncertainty about the future cashflows of the Company. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -26.7%

  £2,987,866 → £2,189,649

  lowest in 5 filed years

• Cash

  -98.1%

  £8,153 → £154

  lowest in 5 filed years

• Net assets

  +3.7%

  £13,153,022 → £13,636,314

• Employees

  -20%

  15 → 12

• Operating profit

  +135%

  -£1,177,425 → £411,982

  first positive since 2023

• Profit before tax

  +568.3%

  -£433,331 → £2,029,342

  first positive since 2023

• Wages

  -60.3%

  £2,110,773 → £837,981

  lowest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. NENE GROUP LIMITED 2023-03-21 → present
2. NENE GROUP PLC 1989-09-26 → 2023-03-21
3. NENE MECHANICAL AND ELECTRICAL SERVICES LIMITED JORDANS 1977-12-31 → 1989-09-26
4. CONDACROFT LIMITED 1973-12-21 → 1977-12-31

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which indicates that there is uncertainty about the future cashflows of the Company. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. NENE GROUP LIMITED · parent
   1. Nene Electrical Limited 100% · Property development
   2. Qube Total Solutions Ltd 100% · Supply of storage cages and stillages and manafacture of lifting and handling equipment
   3. Nene Ventures Limited 100% · Technological investment
   4. Qube Total Solutions Gmbh 100% · Germany · Supply of storage cages and stillages and manafacture of lifting and handling equipment

Significant events

• “Turnover £2,189,649 (2023 - £2,987,866) - impacted by the disposal of one of the investment properties.”
• “Profit/(loss) before tax £2,029,342 (2023 - (£433,331)) - profit achieved on the sale of a property held for short term development.”
• “There is a contingent liability resulting from the cross guarantee with Lloyds Bank between Nene Group Limited, Nene Warehouse Solutions Limited and Qube Total Solutions Limited, the maximum potential liability in respect of the the amounts due to Lloyds bank as at year end by Nene Group Limited is £1,099,263 (2023 - 1,170,730)”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.