AQUAPAK HYDROPOLYMERS LTD

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  The continuation of the Group as a going concern basis depends on the Group having access to sufficient resources to continue in business throughout the going concern period. The support of its shareholders and the Directors' belief in the ability of the Group to raise additional finance from the equity markets, have led it to continue to invest in the platform and business infrastructure to meet projected long-term forecasts, and not reduce costs beyond minimum levels required. It is clear, however, that the Group will need to conclude a fundraising within the next twelve months as positive cash-flow generation will not be achieved during the going concern period that and the Group, during this time, will not be able to service debt repayments out of operating cash flows when they fall due. As a result of the status of the proposed equity raise, the forecast revenues compared with cash outflows and the need for additional financing, there is a material uncertainty related to the ability of the Group and the Company to raise sufficient additional equity capital before liquidity is exhausted during the going concern review period.

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

  -68.1%

  £2,296,380 → £731,599

• Cash

  -42.5%

  £24,744,165 → £14,238,926

• Net assets

  -3,075.3%

  £775,093 → -£23,061,010

  lowest in 4 filed years

• Employees

  +6.7%

  60 → 64

  highest in 6 filed years

• Operating profit

  -89.9%

  -£8,013,578 → -£15,221,561

• Profit before tax

  -174%

  -£8,698,529 → -£23,836,103

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. AQUAPAK HYDROPOLYMERS LTD 2016-10-17 → present
2. STRAVENCON CORPORATE FINANCE LIMITED 2011-01-10 → 2016-10-17

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The continuation of the Group as a going concern basis depends on the Group having access to sufficient resources to continue in business throughout the going concern period. The support of its shareholders and the Directors' belief in the ability of the Group to raise additional finance from the equity markets, have led it to continue to invest in the platform and business infrastructure to meet projected long-term forecasts, and not reduce costs beyond minimum levels required. It is clear, however, that the Group will need to conclude a fundraising within the next twelve months as positive cash-flow generation will not be achieved during the going concern period that and the Group, during this time, will not be able to service debt repayments out of operating cash flows when they fall due. As a result of the status of the proposed equity raise, the forecast revenues compared with cash outflows and the need for additional financing, there is a material uncertainty related to the ability of the Group and the Company to raise sufficient additional equity capital before liquidity is exhausted during the going concern review period.”

Group structure

1. AQUAPAK HYDROPOLYMERS LTD · parent
   1. Aquapak Polymers Limited 100% · United Kingdom
   2. Aquapak IP Holdings Limited 100% · United Kingdom
   3. Aquapak IP Limited 100% · United Kingdom

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

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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