MEDIABOX BROADCASTING INTERNATIONAL LIMITED

• ⚠

  Material uncertainty over going concern

  The company currently has a net liability position of £2,126,244 (2023: £3,943,874) and made a profit of £1,817,630 (2023: £1,828,749) during the year ended 31 December 2024. The directors are convinced that with a stable cost basis and penetration of new markets connected with organic growth on the existing channels, the company will improve its liquidity and decrease this liability position in the subsequent reporting period. The directors have prepared trading forecast for the period ending 31 December 2026. These forecasts show the company being profitable in this period. The financial statements are prepared on the going concern basis on the assumption that the company will continue to operate for the foreseeable future, the validity of which depends upon the ongoing support of the parent company 'SPI International BV' (SPI) and related group entity 'CANAL+ Luxembourg S.a.r.l.'. SPI has provided the company with a letter of support indicating that it will not seek repayment of its outstanding loan and intercompany balance totalling £3,710,155 to the company to the detriment of other creditors for the 12 months following the formal approval of these financial statements. In addition, SPI International BV (SPI) and CANAL+ Luxembourg S.a.r.l. have also confirmed that if the trading forecasts are not achieved, they will provide sufficient additional financial support in order for the Company to meet its obligations both as creditors and continue to trade for a period of at least 12 months from the formal approval of its financial statements. The financial statements include no adjustment that might otherwise be necessary if that support were not forthcoming.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -15.8%

  £8,889,057 → £7,487,085

• Cash

  -31.6%

  £844,350 → £577,821

• Net assets

  +46.1%

  -£3,943,874 → -£2,126,244

• Employees

  -33.3%

  3 → 2

• Operating profit

  +18.4%

  £1,733,426 → £2,053,088

  highest in 3 filed years

• Profit before tax

  +24.5%

  £1,447,475 → £1,801,620

  highest in 4 filed years

• Wages

  0%

  £14,400 → £14,400

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.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Gravita Audit II Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company currently has a net liability position of £2,126,244 (2023: £3,943,874) and made a profit of £1,817,630 (2023: £1,828,749) during the year ended 31 December 2024. The directors are convinced that with a stable cost basis and penetration of new markets connected with organic growth on the existing channels, the company will improve its liquidity and decrease this liability position in the subsequent reporting period. The directors have prepared trading forecast for the period ending 31 December 2026. These forecasts show the company being profitable in this period. The financial statements are prepared on the going concern basis on the assumption that the company will continue to operate for the foreseeable future, the validity of which depends upon the ongoing support of the parent company 'SPI International BV' (SPI) and related group entity 'CANAL+ Luxembourg S.a.r.l.'. SPI has provided the company with a letter of support indicating that it will not seek repayment of its outstanding loan and intercompany balance totalling £3,710,155 to the company to the detriment of other creditors for the 12 months following the formal approval of these financial statements. In addition, SPI International BV (SPI) and CANAL+ Luxembourg S.a.r.l. have also confirmed that if the trading forecasts are not achieved, they will provide sufficient additional financial support in order for the Company to meet its obligations both as creditors and continue to trade for a period of at least 12 months from the formal approval of its financial statements. The financial statements include no adjustment that might otherwise be necessary if that support were not forthcoming.”

Group structure

1. MEDIABOX BROADCASTING INTERNATIONAL LIMITED · parent
   1. Mediabox Broadcasting Rus LLC 100% · Russia
   2. Mediabox Rus LLC 100% · Russia

Significant events

• “The company operates also in Poland and internationally and therefore the international geopolitical situation is relevant to the company's business. In the opinion of management, as at the date of publication of this report, the political and economic situation in Ukraine resulting from the armed conflict currently taking place should not have a materially negative impact on the activities of the company, the amount of revenue generated in the Russian market is a small proportion of the total revenue. Therefore any impact of the conflict that would cause a reduction in the Ukrainian share of revenue would not be a significant risk to the operations or financial stability of the company. Likewise, revenue from the Russian market does not represent a significant portion of the company's revenues.”

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

Filings

5

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.