RAPID NUTRITION PLC

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2.2 to the financial report, which describes that the ability of the Group and the company to continue as a going concern is dependent on successful strategic plans, and further equity issues. As a result, there is material uncertainty related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern, and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.

Figures converted to GBP from AUD at 0.534 per AUD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -44.6%

  £884,139 → £489,822

• Cash

  -80.4%

  £260,708 → £51,175

• Net assets

  +839.3%

  £21,689 → £203,721

• Employees

  0%

  12 → 12

• Operating profit

  -34.8%

  -£1,151,146 → -£1,551,246

• Profit before tax

  -34.8%

  -£1,151,146 → -£1,551,246

• Wages

  -18.5%

  £251,739 → £205,106

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. 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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

HGA Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2.2 to the financial report, which describes that the ability of the Group and the company to continue as a going concern is dependent on successful strategic plans, and further equity issues. As a result, there is material uncertainty related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern, and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.”

Group structure

1. RAPID NUTRITION PLC · parent
   1. Rapid Nutrition Pty Limited 100% · Australia · Development and distribution of premium, science-based health and wellness brands
   2. Plant-Based Bundle Pty Ltd 100% · Australia · Development and distribution of premium, science-based health and wellness brands
   3. Rapid Nutrition Canada Inc. 100% · Canada · Development and distribution of premium, science-based health and wellness brands

Significant events

• “Post the financial reporting period, the company secured €1.5 million in new funding”
• “On the 23rd of January 2025, the group announced it had successfully secured EUR 1.5 million in gross funding (less expenses) through institutional investor Atlas Capital Markets, LLC via a amortised debt facility.”

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

Filings

15

last 12 months

Capital events

13

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.