SONOVATE LIMITED

• ⚠

  Material uncertainty over going concern

  At the time of approving the financial statements, the process to renew existing facilities as well as raise additional equity and/or commitment has commenced but has not been secured. Therefore, these events and conditions, along with the other matters explained in note 1.2, constitute a material uncertainty that may cast significant doubt on the Group's and the parent Company's ability to continue as a going concern.

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

  -7.2%

  £21,256,563 → £19,723,618

• Cash

  +0.6%

  £9,245,210 → £9,300,073

• Net assets

  -67.2%

  -£8,445,461 → -£14,121,342

• Employees

  -18.2%

  198 → 162

• Operating profit

  -0.7%

  -£7,504,531 → -£7,556,392

• Profit before tax

  +20.1%

  -£7,106,444 → -£5,675,881

• Wages

  -14.3%

  £8,800,859 → £7,545,642

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. SONOVATE LIMITED 2011-08-25 → present
2. RECTRADER LIMITED 2011-01-20 → 2011-08-25

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At the time of approving the financial statements, the process to renew existing facilities as well as raise additional equity and/or commitment has commenced but has not been secured. Therefore, these events and conditions, along with the other matters explained in note 1.2, constitute a material uncertainty that may cast significant doubt on the Group's and the parent Company's ability to continue as a going concern.”

Group structure

1. SONOVATE LIMITED · parent
   1. Sonovate US, LLC 100% · DE USA · Financial Services & Technology
   2. Sonovate US Servicing, LLC 100% · DE USA · Dormant
   3. Sonovate Trade Receivables Designated Activity Company · Ireland · Special Purpose Vehicle ("SPV")

Significant events

• “In June 2025 the Group successfully completed the extension of its private warehouse transaction, extending the maturity of both the senior and junior notes to December 2025. In addition, the maturity of the Parent Company's on-balance sheet revolving facility of £30 million with BCI Capital was also extended to December 2025.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.