EUROPACIFIC COMMUNICATIONS LTD

• ◆

  Audit opinion: Disclaimer of opinion

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

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +4.7%

  £17,971,128 → £18,819,897

• Cash

  -88.4%

  £945,300 → £109,575

• Net assets

  -66.2%

  £27,867,641 → £9,411,253

• Employees

  -5.6%

  108 → 102

• Operating profit

  +268.8%

  -£691,364 → £1,167,058

• Profit before tax

  +103.7%

  -£2,643,708 → £99,139

• Wages

  -24.4%

  £2,967,215 → £2,241,934

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. EUROPACIFIC COMMUNICATIONS LTD 2025-04-11 → present
2. RETN CAPITAL LTD. 2009-07-21 → 2025-04-11

Accounting basis

UK adopted IAS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“Management continues to monitor all their options available and has run a range of scenarios of the financial results to quantify the adverse impact on its cash flows. This exercise included the preparation of cashflow forecasts under different scenarios. These scenarios indicate that the Group will continue in operational existence for the foreseeable future and for at least twelve months from the approval of these financial statements.Therefore, the Directors believe that the Group is well placed to manage its business risks successfully, despite the current uncertain economic and political outlook and therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. EUROPACIFIC COMMUNICATIONS LTD · parent
   1. JSC RetnNet 100% · Russian Federation · Wholesale carrier in Russia
   2. RETN LLC 100% · Belarus · Wholesale carrier in Belarus

Significant events

• “In 2024 the Group underwent a significant reorganisation and hived up the global business (all subsidiaries, except Russian and Belorussian) to RETN Networks Ltd as a response to current geopolitical situations and to enhance overall efficiency.”
• “Understanding the critical nature of these risks, the Group has initiated a strategic demerger process to separate its operations in Russia and Belarus from the rest of the group. This move is designed to insulate the company from geopolitical risks and ensure long-term stability.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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