EXAGRIS LIMITED

• ⚠

  Material uncertainty over going concern

  The the Group had net liabilities of £15,746,338 at 31 October 2024. Mr D Lilley, a director and controlling party, has provided written assurances that he has no intention to recall the amounts owed to him for at least on year from the date of approval of the accounts. However, he may provide additional support where it is required, he cannot provide absolute assurance that additional funds will continue to be provided, which may be necessary to the company and group. Subject to the amounts owed to the director not being recalled and sufficient cash being retained within the group to meet its third party liabilities, the directors consider the group to be a going concern. These matters represent a material uncertainty on the group and company's ability 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

  +12.3%

  £633,198 → £710,804

• Cash

  -55.7%

  £7,186,035 → £3,184,951

• Net assets

  +2.2%

  -£16,092,728 → -£15,746,338

  highest in 6 filed years

• Employees

  -21.4%

  98 → 77

• Operating profit

  -135.1%

  £4,263,201 → -£1,497,689

• Profit before tax

  -107.3%

  £6,222,205 → -£455,558

• Wages

  -11.3%

  £377,746 → £334,912

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. 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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The the Group had net liabilities of £15,746,338 at 31 October 2024. Mr D Lilley, a director and controlling party, has provided written assurances that he has no intention to recall the amounts owed to him for at least on year from the date of approval of the accounts. However, he may provide additional support where it is required, he cannot provide absolute assurance that additional funds will continue to be provided, which may be necessary to the company and group. Subject to the amounts owed to the director not being recalled and sufficient cash being retained within the group to meet its third party liabilities, the directors consider the group to be a going concern. These matters represent a material uncertainty on the group and company's ability to continue as a going concern.”

Group structure

1. EXAGRIS LIMITED · parent
   1. Africa Invest Limited 70% · Malawi
   2. Valid Nutrition Limited 51% · Lilongwe
   3. Andropovsk Farms Limited 77% · London
   4. Andropovsk Agroproekt OOO 77% · Russia
   5. Global Agricultural Management Limited 75% · London
   6. APK Krimgereevskoe OOO 75% · Russia
   7. Exagris SA 90% · Sector Olivos
   8. ALLT Power Limited 100% · Amersham, Buckinghamshire

Significant events

• “Decision was made to sell one of the farms (Africa Invest Limited).”
• “Valid Nutrition Limited that specialises in agri processing of ready to use food (RUFs) discontinued its operations as from 1 November 2021.”
• “Andropovsky Agroproekt OOO (Russia) not included in consolidated accounts due to severe long term restrictions hindering the exercise of the rights of the parent company.”

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

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.