SITU LIVING LTD

• ⚠

  Material uncertainty over going concern

  The Company has a net liabilities position at the balance sheet date. The Directors have prepared detailed forecasts which provide confidence that the business remains a going concern. The forecasts indicate that the Company has sufficient cash to meet its liabilities as they fall due during this period. In forming their assessment, the Directors have also taken into account a letter of support provided by the shareholders. In addition, the Directors are engaged in discussions regarding potential refinancing arrangements to free up additional capital if required. Accordingly, the Directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +25.7%

  £8,738,396 → £10,984,548

  highest in 3 filed years

• Cash

  +64.6%

  £1,225,138 → £2,016,554

  highest in 8 filed years

• Net assets

  -10.4%

  £2,299,963 → £2,061,217

• Employees

  +12.8%

  78 → 88

  highest in 6 filed years

• Operating profit

  -25.4%

  £972,419 → £725,152

  lowest in 3 filed years

• Profit before tax

  +48.1%

  £960,778 → £1,423,006

• Wages

  +50.7%

  £2,241,041 → £3,377,959

  highest in 3 filed years

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. SITU LIVING LTD 2016-05-27 → present
2. ROOM-B LIMITED 2008-06-19 → 2016-05-27

Accounting basis

FRS 102

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company has a net liabilities position at the balance sheet date. The Directors have prepared detailed forecasts which provide confidence that the business remains a going concern. The forecasts indicate that the Company has sufficient cash to meet its liabilities as they fall due during this period. In forming their assessment, the Directors have also taken into account a letter of support provided by the shareholders. In addition, the Directors are engaged in discussions regarding potential refinancing arrangements to free up additional capital if required. Accordingly, the Directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “On 8th of September 2025, the Company undertook a reorganisation whereby a new group structure was inserted above Situ Living Ltd, with the Company becoming a wholly owned subsidiary of Extensa Limited, which is itself wholly owned by the ultimate parent, Artogen Ltd.”
• “Subsequent to the year end, the directors declared a dividend of £375,000. This dividend has not been recognised as a liability in these financial statements.”

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

2

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.