SERS ENERGY SOLUTIONS LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a basis other than going concern. This is due to entities within the group having been subject to a trade purchase agreement after year end. SERS Energy Solutions Limited was not subject to this sale, however they will not enter into new contracts after year end. It has been determined that this entity will complete all current contracts and subsequently wind down their operations.

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

  -71.3%

  £5,215,609 → £1,496,078

• Cash

  -46.3%

  £144,966 → £77,787

  lowest in 6 filed years

• Net assets

  -17.5%

  £279,503 → £230,679

• Employees

  —

  Not reported

• Operating profit

  +81%

  -£262,063 → -£49,693

• Profit before tax

  +81.3%

  -£260,577 → -£48,824

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. SERS ENERGY SOLUTIONS LIMITED 2013-05-09 → present
2. SPECIALIST EXTERNAL RENDERING SYSTEMS LIMITED 1990-02-22 → 2013-05-09

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a basis other than going concern. This is due to entities within the group having been subject to a trade purchase agreement after year end. SERS Energy Solutions Limited was not subject to this sale, however they will not enter into new contracts after year end. It has been determined that this entity will complete all current contracts and subsequently wind down their operations.”

Significant events

• “With effect from 13 June 2025, SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited transferred and sold their activities, along with associated assets and liabilities, to Cardo Group. The remaining subsidiaries were not part of this transaction but will continue to operate solely to complete non-novated contracts as part of the wider group wind-down.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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