RIVER AND MERCANTILE GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  As stated in note 1, the Directors do not consider the Company to be a going concern and have prepared the financial statements on a basis other than that of 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

  -63.5%

  £452,000 → £165,000

• Cash

  -99%

  £873,000 → £9,000

• Net assets

  -121.6%

  £29,513,000 → -£6,388,000

• Employees

  0%

  1 → 1

• Operating profit

  +11.2%

  -£41,669,000 → -£36,995,000

• Profit before tax

  -33.5%

  -£27,746,000 → -£37,045,000

• Wages

  -96.4%

  £277,000 → £10,000

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

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. RIVER AND MERCANTILE GROUP LIMITED 2022-07-01 → present
2. RIVER AND MERCANTILE GROUP PLC 2014-06-02 → 2022-07-01
3. RIVER AND MERCANTILE GROUP LIMITED 2014-04-09 → 2014-06-02
4. RIVER & MERCANTILE GROUP LIMITED 2014-03-28 → 2014-04-09
5. P-SOLVE LIMITED 2007-03-26 → 2014-03-28
6. PSOLVE LIMITED 2000-07-17 → 2007-03-26

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As stated in note 1, the Directors do not consider the Company to be a going concern and have prepared the financial statements on a basis other than that of a going concern.”

Significant events

• “A new lease agreement was entered into just before Christmas 2024 for the London-based premises which involved surrendering one of the existing floors in the premises and consolidating our reduced employee footprint on to a single floor.”
• “On 6 March 2025 the ultimate parent undertaking AssetCo PLC was renamed River Global PLC.”
• “The application to strike off the Company has been lodged and is likely to complete before 30 September 2025.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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