EMV CAPITAL PLC

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  Material uncertainty over going concern

  The Group and Company are dependent on additional funding being raised which is not guaranteed. Accordingly, this indicates the existence of a material uncertainty which may cast significant doubt on the Group's and Company's ability to continue as a going concern and therefore the Group and the Company may be unable to realise their assets and discharge their liabilities in the ordinary course of business.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 24 months versus 24 months prior. 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.

1. EMV CAPITAL PLC 2024-09-25 → present
2. NETSCIENTIFIC PLC 2013-03-12 → 2024-09-25
3. NETSCIENTIFIC LIMITED 2013-03-05 → 2013-03-12
4. GREYBRIDGE IT LIMITED 2012-04-12 → 2013-03-05

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group and Company are dependent on additional funding being raised which is not guaranteed. Accordingly, this indicates the existence of a material uncertainty which may cast significant doubt on the Group's and Company's ability to continue as a going concern and therefore the Group and the Company may be unable to realise their assets and discharge their liabilities in the ordinary course of business.”

Group structure

1. EMV CAPITAL PLC · parent
   1. NetScientific UK Limited 100% · UK
   2. EMV Capital Partners Limited 100% · UK
   3. ProAxxis Limited 88.5% · UK
   4. Glycotest, Inc. 55.9% · USA

Significant events

• “Office move and related party transaction”
• “Convert third party debt into equity in ProAxxis (subsidiary)”
• “Increased portfolio investments through conversion of services fees to equity”
• “Q-Bot CLA conversion”

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

Filings

6

last 12 months

Capital events

4

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.