ZEVANTEL EUROPE LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-29.

• ⚠

  Material uncertainty over going concern

  However, the related party MVNO providing the treasury function referred to above indicated the existence of a material uncertainty in its own reporting that may cast doubt on that Company's ability to continue to provide ongoing support. Nevertheless, after making enquiries, and considering uncertainties described above, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, the directors continue to adopt the going concern basis in preparing the annual reports and accounts.

• ◆

  Audit opinion: Qualified

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

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from EUR at 0.870 per EUR (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

  +13%

  £113,723,440 → £128,470,789

• Cash

  -56.6%

  £2,006,280 → £870,550

• Net assets

  -4,819.5%

  £186,906 → -£8,820,955

• Employees

  —

  Not reported

• Operating profit

  -117.1%

  £18,520,076 → -£3,171,434

• Profit before tax

  -121.9%

  £17,858,417 → -£3,902,595

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. ZEVANTEL EUROPE LIMITED 2026-02-23 → present
2. LYCAMOBILE EUROPE LIMITED 2015-01-13 → 2026-02-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“However, the related party MVNO providing the treasury function referred to above indicated the existence of a material uncertainty in its own reporting that may cast doubt on that Company's ability to continue to provide ongoing support. Nevertheless, after making enquiries, and considering uncertainties described above, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, the directors continue to adopt the going concern basis in preparing the annual reports and accounts.”

Significant events

• “On 30th September 2024, the Company's MVNO (Mobile Virtual Network Operator) agreement with its MNO (Mobile Network Operator) partner was terminated (by the MNO) and Lycamobile Europe Ltd ceased providing MVNO services in the German market. It is important to note that its affiliated company launched a new business in Germany offering mobile telecommunications services under new MVNO agreement with a different MNO in Germany. The cessation of MVNO services by Lycamobile Europe Ltd in the German market is not expected to impact the Group's overall revenue.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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