AFINITI EUROPE TECHNOLOGIES LIMITED

• ⚠

  Material uncertainty over going concern

  This factor raises material uncertainty regarding the Group's ability to continue as a going concern. In response to this uncertainty, the Group has taken significant measures to improve the profitability of its business in the short term.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -12.5%

  £23,670,000 → £20,710,000

• Cash

  —

  Not reported

• Net assets

  +0.3%

  -£60,847,000 → -£60,678,000

• Employees

  -31.4%

  255 → 175

• Operating profit

  +103%

  -£8,287,000 → £251,000

• Profit before tax

  +102.2%

  -£8,740,000 → £194,000

• Wages

  -36.3%

  £22,516,000 → £14,347,000

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. AFINITI EUROPE TECHNOLOGIES LIMITED 2016-01-26 → present
2. SATMAP EUROPE TECHNOLOGIES LIMITED 2014-04-28 → 2016-01-26
3. TRG NUMBER 2 LIMITED 2013-06-27 → 2014-04-28

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Menzies LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“This factor raises material uncertainty regarding the Group's ability to continue as a going concern. In response to this uncertainty, the Group has taken significant measures to improve the profitability of its business in the short term.”

Group structure

1. AFINITI EUROPE TECHNOLOGIES LIMITED · parent
   1. AETL S.A.R.L. 1% · Luxembourg
   2. Afiniti Spain SL 1% · Spain
   3. Afiniti Italia S.r.l. 1% · Italy
   4. Afiniti Germany GmbH 1% · Germany
   5. Afiniti HK Pacific Company Limited 1% · Hong Kong
   6. Afiniti Australia PTY Ltd. 1% · Australia
   7. Afiniti Singapore PTE. Ltd. 1% · Singapore
   8. Shenzhen Afiniti Technologies Co., Ltd. 1% · China

Significant events

• “On 17 September 2024, Afiniti, Ltd., the parent company of the Company, agreed with its secured lenders... to enter into a balance sheet restructuring and recapitalisation plan (the "Transaction").”
• “On 03 December 2024, Afiniti, Ltd., successfully completed the Transaction. The Transaction was completed following court approvals in Bermuda and in the Chapter 15 proceeding in the United States.”
• “AETL S.A.R.L. and Afiniti Australia PTY Ltd. scaled down during 2024. The directors are considering multiple options with regard to the future of operations of the companies, including but not limited to, the winding down of these companies.”
• “On 30 October 2024, the Afiniti Group received a notice of event of default from its secured lenders, as a result of the failure by the borrower, an affiliate of the Company, to make a required payment of principal and interest.”
• “On 03 November 2024, Afiniti, Ltd., sought recognition of the Transaction in the United States by way of a voluntary court filing known as a Chapter 15 proceeding.”
• “On 03 December 2024, Afiniti AI Holdings LLC... became the registered holder of 1 fully paid Ordinary Share of £1.00 in Afiniti Europe Technologies Limited, and the new Parent Company.”
• “On 2 June 2025, as part of the Afiniti Group restructuring, the company was assigned the interest in a promissory note with its subsidiary AETL S.a.r.l in exchange for the issue of one ordinary share of £1 for a premium of £53.3m.”

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

Filings

19

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.