CUADRILLA WELL SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on the going concern basis, notwithstanding net liabilities of £36,235,000, (2024: £36,235,000), which the directors believe to be appropriate for the following reasons: The directors have prepared cashflow forecasts for the 12-month period to 31 January 2027. The Company is dependent for its working capital on funds provided to it by AJL, the Company's parent. AJL, has provided a letter of support to the Company indicating that for 12 months from the date of approval of these financial statements i.e., to 31 January 2027, AJL will continue to provide the necessary financial support to enable the Company to trade and meet its liabilities as they fall due. The directors of the Company acknowledge that there are material uncertainties that may cast doubt upon the Company's ability to continue as a going concern due to the considerations which have been assessed by AJL, as set out in the AJL Group Report for the full year ended 30 June 2025. The directors are of the view that these do not have any impact on AJL's ability to provide the financial support to the Company as set out in the support letter and therefore continue to adopt the going concern basis in preparing these financial statements. These financial statements do not contain the adjustments that would result if the Company were unable 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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  -£36,235,000 → -£36,235,000

• Employees

  —

  Not reported

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

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on the going concern basis, notwithstanding net liabilities of £36,235,000, (2024: £36,235,000), which the directors believe to be appropriate for the following reasons: The directors have prepared cashflow forecasts for the 12-month period to 31 January 2027. The Company is dependent for its working capital on funds provided to it by AJL, the Company's parent. AJL, has provided a letter of support to the Company indicating that for 12 months from the date of approval of these financial statements i.e., to 31 January 2027, AJL will continue to provide the necessary financial support to enable the Company to trade and meet its liabilities as they fall due. The directors of the Company acknowledge that there are material uncertainties that may cast doubt upon the Company's ability to continue as a going concern due to the considerations which have been assessed by AJL, as set out in the AJL Group Report for the full year ended 30 June 2025. The directors are of the view that these do not have any impact on AJL's ability to provide the financial support to the Company as set out in the support letter and therefore continue to adopt the going concern basis in preparing these financial statements. These financial statements do not contain the adjustments that would result if the Company were unable to continue as a going concern.”

Significant events

• “Due to the current moratorium on hydraulic fracturing, the Company has experienced a reduction in activity which the directors view as temporary. The Company continues to pursue opportunities to provide drilling services.”
• “In May 2025, AJL completed refinancing its debt obligations, which management considers to be an important factor in its ability to continue as a going concern.”

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.