AZZURE IT LTD

• ⚠

  Material uncertainty over going concern

  The directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis. The company is in the process of hiving up its business and net assets into Advania UK Limited, a fellow group undertaking, and will cease to trade.

• ◆

  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

  -49.1%

  £10,137,506 → £5,155,629

• Cash

  -85.9%

  £294,173 → £41,355

  lowest in 5 filed years

• Net assets

  +0.8%

  £6,209,886 → £6,259,293

  highest in 5 filed years

• Employees

  —

  Not reported

• Operating profit

  -100%

  £1,674,066 → £0

• Profit before tax

  -71.3%

  £344,308 → £98,814

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 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis. The company is in the process of hiving up its business and net assets into Advania UK Limited, a fellow group undertaking, and will cease to trade.”

Significant events

• “In November 2023, the company redesignated its A Ordinary and B Ordinary shares as Ordinary shares, changing the rights attached. On 1 December 2023, the business TUPE transferred employees to Advania UK Limited, with client contracts transferring from 1 January 2024.”

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

1

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.