EQUALS CONNECT LIMITED

• ⚠

  Material uncertainty over going concern

  On 11th December 2024, the Directors reached an agreement on the terms of a recommended sale of Equals Group plc and its subsidiaries (including the Company) for all cash consideration of 135 pence per Equals Group plc share. The Directors do not have certainty over the future plans or strategy for the Company under the prospective new owners, or the financing arrangements that will be in place and therefore the Directors have concluded that this indicates the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. Notwithstanding this uncertainty, the Directors are satisfied that the going concern basis remains appropriate.

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

  +21.2%

  £16,839,584 → £20,410,626

• Cash

  +13.5%

  £6,935,526 → £7,871,433

• Net assets

  +50.6%

  £3,543,954 → £5,337,813

• Employees

  +9.1%

  11 → 12

• Operating profit

  +104.6%

  £1,899,329 → £3,886,083

• Profit before tax

  +104.5%

  £1,899,329 → £3,883,844

• Wages

  +33.4%

  £360,899 → £481,467

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. EQUALS CONNECT LIMITED 2019-11-19 → present
2. CASCO FINANCIAL SERVICES LIMITED 2010-01-20 → 2019-11-19

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 11th December 2024, the Directors reached an agreement on the terms of a recommended sale of Equals Group plc and its subsidiaries (including the Company) for all cash consideration of 135 pence per Equals Group plc share. The Directors do not have certainty over the future plans or strategy for the Company under the prospective new owners, or the financing arrangements that will be in place and therefore the Directors have concluded that this indicates the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. Notwithstanding this uncertainty, the Directors are satisfied that the going concern basis remains appropriate.”

Significant events

• “On 11th December 2024, the Board announced that they had reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of Equals Group Plc (the "Acquisition"). The sale includes the whole of Equals Group Plc and its subsidiaries.”
• “The Company made a payment of a £2,000,000 dividend during the year ended 31 December 2024.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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