FIRST NATURAL LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-04-30.

• ⚠

  Material uncertainty over going concern

  The company is in breach of its loan covenants with regards to amounts owing to it is bankers, Santander plc, who have continued to support the company through the extension and renewal of all of its loan facilities, though they have not waived the covenant breaches. The company is dependent upon the continuing support of its bankers. As a result of the above, the directors therefore consider it appropriate to prepare the financial statements on a going concern basis. Material uncertainty related to going concern: We draw attention to Note 1.4 in the financial statements, which indicates that the group incurred a pre-tax loss of £1.2 million for the year. As stated in Note 1.4, these events or conditions, along with other matters as set forth in Note 1.4, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue trading as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -5.6%

  £8,247,544 → £7,788,802

• Cash

  +12.4%

  £205,554 → £230,989

  highest in 6 filed years

• Net assets

  -124%

  £392,295 → -£94,341

• Employees

  +1.6%

  63 → 64

• Operating profit

  +22.2%

  -£872,188 → -£678,197

• Profit before tax

  +7.7%

  -£1,278,297 → -£1,179,469

• Wages

  +10.2%

  £1,703,880 → £1,878,289

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. FIRST NATURAL LIMITED 2006-07-20 → present
2. LAW 2443 LIMITED 2006-06-09 → 2006-07-20

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Galloways Accounting (Audit) Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The company is in breach of its loan covenants with regards to amounts owing to it is bankers, Santander plc, who have continued to support the company through the extension and renewal of all of its loan facilities, though they have not waived the covenant breaches. The company is dependent upon the continuing support of its bankers. As a result of the above, the directors therefore consider it appropriate to prepare the financial statements on a going concern basis. Material uncertainty related to going concern: We draw attention to Note 1.4 in the financial statements, which indicates that the group incurred a pre-tax loss of £1.2 million for the year. As stated in Note 1.4, these events or conditions, along with other matters as set forth in Note 1.4, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue trading as a going concern.”

Group structure

1. FIRST NATURAL LIMITED · parent
   1. First Natural Brands Ltd 100%

Significant events

• “Post Year End Events: Following the end of the financial year, the group raised a further £160,700 through the issue of Ordinary Shares. The directors have the authority to raise a further £500,000 through the issue of ordinary and preferred shares.”
• “Following the end of the financial year the group has renewed its banking facilities and have extended the maturity of its principal loan to November 2026 and have the authority to raise a further £500,000 through the issue of ordinary and preferred shares and remains in dialogue with a number of minority investors to complete the issue of further shares.”

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

Filings

12

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.