JCF (SQN) LIMITED

• ⚠

  Material uncertainty over going concern

  Whilst the two principal creditors have taken no steps which would cause the directors to believe that their support is likely to be withdrawn, they accept that the support is not contractually binding and that there is therefore material uncertainty over whether or not the company can continue as a going concern.

• ◆

  Audit opinion: Disclaimer of opinion

  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

  +9.4%

  £474,652 → £519,374

• Cash

  -63.6%

  £51,191 → £18,637

• Net assets

  -16%

  -£353,847 → -£410,461

• Employees

  0%

  2 → 2

• Operating profit

  -84.5%

  £445,462 → £69,087

• Profit before tax

  -118.7%

  £302,937 → -£56,614

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MAH Chartered Accountants

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“Whilst the two principal creditors have taken no steps which would cause the directors to believe that their support is likely to be withdrawn, they accept that the support is not contractually binding and that there is therefore material uncertainty over whether or not the company can continue as a going concern.”

Significant events

• “On 15 June 2022, Geoffrey Paul Rowley and Paul David Allen of FRP Advisory Trading Limited were appointed joint administrators of JLG Group PLC, which is the sole shareholder of the company.”
• “On 12 December 2022, Geoffrey Paul Rowley and Paul David Allen of FRP Advisory Trading Limited were appointed joint administrators of Just Cash Flow PLC.”
• “On the 15th January 2024, the directors in agreement with the main creditor of JBL(SQN) Ltd, agreed to assign both the debtors of £993,391 as well as the debt of £479,322 were assigned to JCF(SQN).”
• “FRP Advisory Trading Limited, the administrators of JLG Group Plc, would not be seeking recovery, other than being part of the restructuring as envisaged, and therefore receiving any funds as part of the anticipated waterfall.”

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

Filings

5

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.