ARDENT WORLDWIDE LIMITED

• ⚠

  Accounts not prepared on a going-concern basis

  We draw attention to the going concern paragraph in the basis of preparation accounting policy which explains that the group is winding down its operations and therefore the director does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.

• ◆

  Audit opinion: Qualified

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

• ·

  Going-concern uncertainty disclosed

Figures converted to GBP from USD at 0.749 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 —. 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. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Venture House Business Service Limited

Audit opinion

Qualified

Going concern

Not a going concern (break-up basis)

“We draw attention to the going concern paragraph in the basis of preparation accounting policy which explains that the group is winding down its operations and therefore the director does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.”

Group structure

1. ARDENT WORLDWIDE LIMITED · parent
   1. Ardent Global LLC 100% · US · in bankruptcy
   2. Ardent Maritime Netherlands B.V. 100% · NL · Marine salvage services
   3. Ardent Servicos Maritimos Ltda 100% · BR · Marine salvage services
   4. Ardent Korea Inc. 85% · KR · in bankruptcy

Significant events

• “Following a decision in March 2020 to have the group not take on new contracts any more, the companies in the group, including the company, have begun to wind down their operations. Given the long-term nature of some of the group's contracts, this process is expected to take several years.”

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

Filings

6

last 12 months

Capital events

2

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.