MONTEAGLE INTERNATIONAL (UK) LIMITED

• ◆

  6 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Figures converted to GBP from USD at 0.792 per USD (Frankfurter spot rate) — hover any figure for the original. — 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's period length differs materially from the prior year. 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

SRG (AUDIT) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite the challenging market conditions, increased competition and a higher cost of capital. The company also has sufficient resources to cover at least the next 12 months' worth of trading following these financial statements being approved. For this reason, the Directors have adopted the going concern basis for preparing the financial statements.”

Significant events

• “A routine compliance check is currently being conducted by His Majesty's Revenue and Customs ("HMRC") into a UK subsidiary's tax return for the period ended 31 March 2023. HMRC is reviewing interest and finance fee payments made by that subsidiary to another subsidiary located in Jersey as part of a trade finance agreement between the two parties. HMRC is also reviewing license fees charged by the Jersey subsidiary to the UK subsidiary under a license agreement.”
• “HMRC indicated as part of their original assessment, that interest paid between the parties on the financing facility could potentially be regarded as yearly interest on long-term funding, subject to interest withholding tax. Similarly, license fees are being assessed to ascertain whether it is akin to royalties, in which case royalty withholding tax may be due.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.