ELATERAL GROUP LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  The Group has made a net loss in the year ending 31 March 2024 totalling £871k and has net liabilities at the year end date of £4,324k. Included within creditors are loans and accrued interest of £3,508k due to the Group's major shareholders. The Directors have received confirmation from those major shareholders that they remain supportive of the Group and that above loans and accrued interest will not be called upon before 31 December 2025. This confirmation is not legally binding. In view of the above, the Directors consider that it is appropriate to adopt the going concern basis in preparing the financial statements.

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

  +6.5%

  £4,038,000 → £4,302,000

• Cash

  +117.6%

  £330,000 → £718,000

  highest in 4 filed years

• Net assets

  -21.5%

  -£3,560,000 → -£4,324,000

  lowest in 3 filed years

• Employees

  +4.5%

  22 → 23

  highest in 3 filed years

• Operating profit

  -85.5%

  £633,000 → £92,000

• Profit before tax

  -411.2%

  -£170,000 → -£869,000

• Wages

  +0.1%

  £1,516,000 → £1,517,000

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 102

Reporting scope

Consolidated group

Auditor

Eacotts International Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group has made a net loss in the year ending 31 March 2024 totalling £871k and has net liabilities at the year end date of £4,324k. Included within creditors are loans and accrued interest of £3,508k due to the Group's major shareholders. The Directors have received confirmation from those major shareholders that they remain supportive of the Group and that above loans and accrued interest will not be called upon before 31 December 2025. This confirmation is not legally binding. In view of the above, the Directors consider that it is appropriate to adopt the going concern basis in preparing the financial statements.”

Group structure

1. ELATERAL GROUP LIMITED · parent
   1. Elateral Inc 100% · USA
   2. Elateral Limited 100%
   3. Elateral Trustees Limited 100%
   4. Elateral Holdings Limited 100%

Significant events

• “The Group continues to invest heavily in developing its digital marketing platform, Brandgility, which brings efficiencies including speed, scale and control to the production of customised web banners and other materials. The associated cost of development has not been capitalised in the accounts.”
• “The Group continues to invest heavily in its new digital marketing platform, Brandgility. The Group believes that Brandgility will be the category leader for marketing content customisation at scale which will result in long term financial success.”

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

Filings

2

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.