HILLSIDE (TECHNOLOGY) LIMITED

• ⚠

  Material uncertainty over going concern

  As further resources are devoted to ongoing research and development, a return to profitability is not forecast in the next 12 months, and on that basis a support letter has been obtained from its ultimate parent company who will provide any additional support required in order for the Company to meet its liabilitics as they fall due. As the Company's performance is primarily dependent upon the trading activity of the Group the directors therefore consider that the Company has, and will continue to generate, sufficient cash flows to meet the Company's working capital requirements with the support from its ultimate parent if required.

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

  +5.2%

  £275,989,000 → £290,288,000

• Cash

  -48%

  £17,289,000 → £8,996,000

• Net assets

  -54%

  £86,503,000 → £39,825,000

• Employees

  +12.9%

  1,963 → 2,217

• Operating profit

  -33.7%

  -£30,691,000 → -£41,021,000

• Profit before tax

  -44.7%

  -£31,432,000 → -£45,479,000

• Wages

  +14.1%

  £129,846,000 → £148,189,000

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. HILLSIDE (TECHNOLOGY) LIMITED 2014-09-17 → present
2. HILLSIDE (PLATFORM SERVICES) LIMITED 2014-04-10 → 2014-09-17
3. HILLSIDE (NEW VENTURES) LIMITED 2012-10-30 → 2014-04-10

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As further resources are devoted to ongoing research and development, a return to profitability is not forecast in the next 12 months, and on that basis a support letter has been obtained from its ultimate parent company who will provide any additional support required in order for the Company to meet its liabilitics as they fall due. As the Company's performance is primarily dependent upon the trading activity of the Group the directors therefore consider that the Company has, and will continue to generate, sufficient cash flows to meet the Company's working capital requirements with the support from its ultimate parent if required.”

Group structure

1. HILLSIDE (TECHNOLOGY) LIMITED · parent
   1. Hillside (Bulgaria) EOOD 100% · Bulgaria · Provision of Software Development Services
   2. Hillside (Technology Product) Limited 100% · England · Dormant
   3. Endzin 2021 Limited 100% · Canada · Dormant
   4. K&S (560) Limited 100% · England · Dormant
   5. DDB Consulting Limited 100% · England · Dormant
   6. Charden Enterprises Limited 100% · England · Dormant
   7. Wingelock Limited 100% · England · Dormant
   8. Endzin Limited 100% · England · Dormant
   9. Four Below Zero Limited 100% · England · Dormant

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

Filings

2

last 12 months

Capital events

0

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.