EGIS TRANSPORT SOLUTIONS LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have assessed the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. The directors note that the company is intending to hive up the trade and assets to the parent company (Egis UK - Consulting & Engineering UK Ltd) during FY2026 and consequently the company would no longer be considered a going concern. Having reviewed the planned transaction, the directors have confirmed that the company will continue to meet its liabilities as they fall due and contractual obligations and operations will continue under the new entity in the form of novated agreements. Further, the parent company has confirmed that they are willing and able to provide financial support as required to enable the company to meet its obligations. Consequently, whilst the accounts have been prepared on a basis other than a going concern basis, the directors consider that there is no impact on the financial statements as a result of this conclusion.

• ◆

  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

  -12.8%

  £25,568,808 → £22,302,790

• Cash

  -7.2%

  £2,407,915 → £2,235,215

• Net assets

  -8%

  £1,976,642 → £1,819,213

  lowest in 3 filed years

• Employees

  -15%

  160 → 136

• Operating profit

  +87.7%

  -£716,967 → -£88,254

• Profit before tax

  +82.7%

  -£746,967 → -£129,195

• Wages

  -10.8%

  £9,538,220 → £8,511,703

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. EGIS TRANSPORT SOLUTIONS LIMITED 2021-12-06 → present
2. COLLABORATIVE PROJECT MANAGEMENT SERVICES LTD 2011-12-14 → 2021-12-06

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have assessed the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. The directors note that the company is intending to hive up the trade and assets to the parent company (Egis UK - Consulting & Engineering UK Ltd) during FY2026 and consequently the company would no longer be considered a going concern. Having reviewed the planned transaction, the directors have confirmed that the company will continue to meet its liabilities as they fall due and contractual obligations and operations will continue under the new entity in the form of novated agreements. Further, the parent company has confirmed that they are willing and able to provide financial support as required to enable the company to meet its obligations. Consequently, whilst the accounts have been prepared on a basis other than a going concern basis, the directors consider that there is no impact on the financial statements as a result of this conclusion.”

Significant events

• “The company refocused to delivering higher profitable activities, this is evidenced by the reduction in turnover, however an increase in gross profit margin. Operating loss reduced due to lower costs in the year, leading to a position for 2024 of an operating loss of £88,254 (2023: £716,967). Cash performance continues to be strong.”
• “The company is intending to hive up the trade and assets to the parent company (Egis UK - Consulting & Engineering UK Ltd) during FY2026 and consequently the company would no longer be considered a going concern. Having reviewed the planned transaction, the directors have confirmed that the company will continue to meet its liabilities as they fall due and contractual obligations and operations will continue under the new entity in the form of novated agreements. Further, the parent company has confirmed that they are willing and able to provide financial support as required to enable the company to meet its obligations. Consequently, whilst the accounts have been prepared on a basis other than a going concern basis, the directors consider that there is no impact on the financial statements as a result of this conclusion.”

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

0

last 24 months

Officers appointed

2

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.