ITASCA GROUP PLC

• ⚠

  Material uncertainty over going concern

  While the Directors remain confident that necessary funds will be available as and when required, as at the date of this report the future required funding has not been secured, and accordingly there is material uncertainty that may cast significant doubt over the Group's ability to continue as a going concern. The financial statements have been prepared on a going concern basis. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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. ITASCA GROUP PLC 2026-03-02 → present
2. ITASCA WINES PLC 2025-01-13 → 2026-03-02
3. ITASCA WINES LIMITED 2018-01-22 → 2025-01-13

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the Directors remain confident that necessary funds will be available as and when required, as at the date of this report the future required funding has not been secured, and accordingly there is material uncertainty that may cast significant doubt over the Group's ability to continue as a going concern. The financial statements have been prepared on a going concern basis. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.”

Group structure

1. ITASCA GROUP PLC · parent
   1. Cranborne Lodge Limited 100% · UK · Event hire
   2. Itasca Creative Wines Limited 100% · UK · Manufacture of wine from grape
   3. Itasca Technical Services Limited 100% · UK · Installation of industrial machinery and equipment
   4. Dorset Beverages Limited 100% · UK · Wholesale of wine, beer, spirits and other alcoholic beverages
   5. Seventeen 30 Wines Limited 100% · UK · Manufacture of wine from grape
   6. The Cellar Door (Hampshire) Limited 100% · UK · Licensed restaurants

Significant events

• “The group has diverted considerable resource towards an ongoing legal situation affecting a small amount of production capacity relating to the 2023 harvest. The group is looking to pursue its claim against the third-party supplier involved but, in the interim, there has been a considerable effect on profitability and available cash in the year.”
• “The group acquired a long term lease and some existing fixtures and fittings of the stunning Cranborne Lodge in December 2024. An intensive and ongoing period of renovation and repair work commenced in the quieter first period of the year, with the doors opening in April 2025. Some significant private events were booked in during the spring and summer months, along with a programme of welcoming events, to integrate into the local community. Renovations continue at pace with advice from award winning landscape and interior design practices. This acquisition is considered to be a key part of the group's own brand development and provides a unique home for our wine.”
• “Due to unforeseen planning complications, it was decided to delay the opening of the new facility in Essex until harvest 2026 with consequent effect on cashflow and profitability. However, with a strong harvest in 2025, and growing orders, the group is optimistic and excited about the opportunities this new facility presents.”

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

Filings

20

last 12 months

Capital events

16

last 24 months

Officers appointed

5

last 12 months

Officers resigned

2

last 12 months

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