CHINA MERCHANTS SECURITIES (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. However, based on the Notice on the Announcement on the Resolutions of the 17th Meeting of the 8th Session of the Board of Directors of China Merchants Securities Co., Ltd on 18th April 2024, the Board of the parent company agreed to dissolve and deregister China Merchants Securities (UK) Co., Ltd, and authorized the management of CMS International to handle relevant specific matters. Accordingly, the financial statements have been prepared on a basis other than going concern.

Figures converted to GBP from USD at 0.748 per USD (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

  -35.4%

  £194,363 → £125,589

• Cash

  -34%

  £11,585,557 → £7,651,192

• Net assets

  -2.7%

  £17,015,773 → £16,562,757

• Employees

  -12.5%

  8 → 7

• Operating profit

  +12.9%

  -£1,421,096 → -£1,237,946

• Profit before tax

  +21.7%

  -£578,605 → -£453,016

• Wages

  -31.3%

  £835,015 → £573,372

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

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

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. However, based on the Notice on the Announcement on the Resolutions of the 17th Meeting of the 8th Session of the Board of Directors of China Merchants Securities Co., Ltd on 18th April 2024, the Board of the parent company agreed to dissolve and deregister China Merchants Securities (UK) Co., Ltd, and authorized the management of CMS International to handle relevant specific matters. Accordingly, the financial statements have been prepared on a basis other than going concern.”

Significant events

• “There is intention to have the Company liquidated as announced on the Resolutions of the 17th Meeting of the 8th Session of the Board of Directors of China Merchants Securities Co. Ltd (the parent company) on 18th April 2025. Accordingly, the going concern basis of accounting is not appropriate, and the financial statements have been prepared on a basis other than going concern as described in Note 2(b) to the financial statements.”

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

Filings

3

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.