METIR PLC

• ◆

  Material uncertainty over going concern

  However, the uncertainty surrounding the minimum value of fundraise required of £0.50 million indicates that a material uncertainty exists that may cast significant doubt on the Group and parent Company's ability to continue as a going concern.

• ·

  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. METIR PLC 2025-02-11 → present
2. MICROSAIC SYSTEMS PLC 2011-04-01 → 2025-02-11
3. MICROSAIC SYSTEMS LIMITED 2001-02-23 → 2011-04-01
4. DYNAMIC JEWELS LIMITED 1998-05-21 → 2001-02-23

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the uncertainty surrounding the minimum value of fundraise required of £0.50 million indicates that a material uncertainty exists that may cast significant doubt on the Group and parent Company's ability to continue as a going concern.”

Group structure

1. METIR PLC · parent
   1. Modern Water (U.K.) Limited 100% · UK · Operating Company
   2. Microsaic Systems Trading Limited 100% · UK · Operating Company

Significant events

• “The conflict in the Gulf region started in February 2026 severely impacting the ability of the Group to provide services enabling Avanceon to maintain the CTM's with Microtox® reagents and other consumables. Consequently, final project handover has been delayed into H2 2026 which the Group expects to be completed during the period.”
• “Following the year-end, the Group further strengthened its international commercial infrastructure by appointing new authorised distributors covering KSA and Bahrain, Malaysia, Indonesia and Brunei, Senegal, the United Arab Emirates and Egypt.”
• “Subsequent to the year-end, the Group achieved the first commercial placement of its PFAS detection platform with Nasdaq-listed Veralto in the United States.”
• “There are no events after the reporting date.”

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

Filings

3

last 12 months

Capital events

7

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.