PERSPECTIVE RISK LIMITED

• ⚠

  Material uncertainty over going concern

  The company is in the process of hiving up its business and net assets into Advania UK Limited, a fellow group undertaking, as part of a process to streamline the wider group's operations. This process is expected to be completed within twelve months of the financial statements being approved, at such time the company will cease to trade. The directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis. No adjustments were required to the carrying value of assets or liabilities as a result of these considerations.

• ◆

  3 officer resignations in last 12 months

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

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

  +4.2%

  £906,000 → £944,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  -11.1%

  18 → 16

• Operating profit

  -100%

  £36,000 → £0

• Wages

  -16%

  £1,137,000 → £955,000

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company is in the process of hiving up its business and net assets into Advania UK Limited, a fellow group undertaking, as part of a process to streamline the wider group's operations. This process is expected to be completed within twelve months of the financial statements being approved, at such time the company will cease to trade. The directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis. No adjustments were required to the carrying value of assets or liabilities as a result of these considerations.”

Significant events

• “The company is in the process of hiving up its business and net assets into Advania UK Limited, a fellow group undertaking, as part of a process to streamline the wider group's operations. This process is expected to be completed within twelve months of the financial statements being approved.”
• “All staff employed were TUPE'd in November 2023.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.