RYDOO MOBILITY AND EXPENSE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have assessed the Company's current financial position and future prospects and have concluded that it is no longer appropriate to prepare the accounts on a going concern basis. This decision has been made in light of a decision to wind up the business, which indicates that the Company will not be able to continue its operations in the foreseeable future. As such, the financial statements have been prepared on a break-up basis, which reflects the expected realisation of assets and settlement of liabilities in the normal course of winding up the business. Assets have been written down to their estimated recoverable amounts, and liabilities include provisions for any known or anticipated costs of closure.

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

  —

  Not reported

• Cash

  -68.4%

  £1,928,094 → £608,704

• Net assets

  0%

  £15,110,262 → £15,107,071

• Employees

  0%

  2 → 2

• Operating profit

  -100.3%

  £1,068,808 → -£3,191

• Profit before tax

  -100.3%

  £1,229,022 → -£3,669

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. Sector-distribution context coming next.

1. RYDOO MOBILITY AND EXPENSE LIMITED 2021-09-15 → present
2. SODEXO MOBILITY AND EXPENSE LIMITED 2017-01-25 → 2021-09-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Richard Place Dobson Services Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have assessed the Company's current financial position and future prospects and have concluded that it is no longer appropriate to prepare the accounts on a going concern basis. This decision has been made in light of a decision to wind up the business, which indicates that the Company will not be able to continue its operations in the foreseeable future. As such, the financial statements have been prepared on a break-up basis, which reflects the expected realisation of assets and settlement of liabilities in the normal course of winding up the business. Assets have been written down to their estimated recoverable amounts, and liabilities include provisions for any known or anticipated costs of closure.”

Group structure

1. RYDOO MOBILITY AND EXPENSE LIMITED · parent
   1. Rydoo NV 100% · Belgium · Trading company
   2. Rydoo Spend Management SASU 100% · France · Trading company
   3. Rydoo Inc. (USA) 100% · USA · Trading company
   4. Rydoo T&E, Unipessoal Lda. 100% · Portugal · Trading company
   5. Rydoo Brasil Software servicos de gestao de despesas LTDA. 100% · Brazil · Trading company
   6. Rydoo Ltd (formerly Xpenditure Ltd) 100% · UK · Dormant company

Significant events

• “On June 16, 2024, Marlin-Rydoo Aggregator L.P. signed a sale and purchase agreement to sell their majority stake in Resort Topco Ltd to Legendre Holding 112. The transaction is set to be completed on September 26, 2024.”
• “Subsequent to the reporting date, the Directors undertook a review of the Company's financial position and future prospects. As a result of this review, and in light of decision to cease operations, the Directors resolved to wind down the business.”

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

Filings

2

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.