FOUNDEVER GB LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis. The Company is dependent on the continued financial support of a parent company, Foundever Group SA, which has confirmed its intention to provide financial support for at least one year from the date of approval of these financial statements (the "going concern assessment period"). This support is documented through a letter of support. The parent undertaking itself is dependent on the ongoing availability of its revolving credit facility ("RCF"), which is due to expire in August 2026 which is within the Company's going concern assessment period. The renewal of the RCF is not yet contractually agreed at the date of approval of these financial statements, however, is anticipated to be resolved no later than the end of the first half of 2026. The directors have considered the status of renewal discussions, current lender feedback and alternative funding options. However, until the refinancing is completed, the availability of the facility cannot be guaranteed. If the parent undertaking is unable to renew the RCF, it may be unable to support the Company and its other subsidiaries financially. In such a scenario, the Company may be unable to recover its intercompany balances. These circumstances indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would arise if the Company were unable 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

  -4.6%

  £167,901,000 → £160,240,000

• Cash

  —

  Not reported

• Net assets

  +5%

  £188,737,000 → £198,215,000

• Employees

  -14.8%

  4,025 → 3,430

• Operating profit

  +23.5%

  £11,445,000 → £14,129,000

• Profit before tax

  +2.6%

  £17,770,000 → £18,224,000

• Wages

  -5.9%

  £92,876,000 → £87,400,000

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. FOUNDEVER GB LIMITED 2023-03-02 → present
2. SITEL UK LIMITED 1997-10-16 → 2023-03-02

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis. The Company is dependent on the continued financial support of a parent company, Foundever Group SA, which has confirmed its intention to provide financial support for at least one year from the date of approval of these financial statements (the "going concern assessment period"). This support is documented through a letter of support. The parent undertaking itself is dependent on the ongoing availability of its revolving credit facility ("RCF"), which is due to expire in August 2026 which is within the Company's going concern assessment period. The renewal of the RCF is not yet contractually agreed at the date of approval of these financial statements, however, is anticipated to be resolved no later than the end of the first half of 2026. The directors have considered the status of renewal discussions, current lender feedback and alternative funding options. However, until the refinancing is completed, the availability of the facility cannot be guaranteed. If the parent undertaking is unable to renew the RCF, it may be unable to support the Company and its other subsidiaries financially. In such a scenario, the Company may be unable to recover its intercompany balances. These circumstances indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would arise if the Company were unable to continue as a going concern.”

Group structure

1. FOUNDEVER GB LIMITED · parent
   1. Clientlogic Customer Services 100% · Morocco

Significant events

• “The significant contracts which contributed to the higher level of both turnover and profit in previous years ended in 2023.”

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.