LIFESCAN U.K. LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have identified that a going concern uncertainty exists as a result of LifeScan Global Corporation defaulting on its third lien term loan on October 1, 2024. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. ... The directors are satisfied that the Company's financial statements are prepared on a going concern basis, however, they recognise that, given the position described above, should the Parent not be able to continue as a going concern, the Parent would not be able to provide the support necessary to the Company and this represents a material uncertainty related to events or conditions that may cast significant doubt over the Company's ability to continue as a going concern.

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

  -20.3%

  £120,870 → £96,325

• Cash

  —

  Not reported

• Net assets

  -4.9%

  -£6,385,038 → -£6,700,468

• Employees

  -33.3%

  6 → 4

• Operating profit

  -113.7%

  £796,338 → -£109,278

• Profit before tax

  -217%

  £266,241 → -£311,608

• Wages

  -17%

  £744,856 → £618,473

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have identified that a going concern uncertainty exists as a result of LifeScan Global Corporation defaulting on its third lien term loan on October 1, 2024. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. ... The directors are satisfied that the Company's financial statements are prepared on a going concern basis, however, they recognise that, given the position described above, should the Parent not be able to continue as a going concern, the Parent would not be able to provide the support necessary to the Company and this represents a material uncertainty related to events or conditions that may cast significant doubt over the Company's ability to continue as a going concern.”

Significant events

• “The directors are aware that the Parent defaulted on its third lien term loan on 1 October 2024 and on the same date entered into a forbearance agreement with the lenders under the first and second lien term loans of its credit facility. Subsequently, on 17 February 2025 amended on 7 July 2025, the Parent entered into the RSA with the lenders under its credit facility. The RSA provides a path for the Parent to restructure its capital structure and exit the default under its credit facility. On 15 July 2025, the Parent entered into voluntary petitions for prearranged chapter 11 cases in the United States Bankruptcy Court. The Parent's international subsidiaries are not included in the chapter 11 filing in the United States. The Parent expects to have the necessary liquidity to support operations during this process and anticipates emerging from chapter 11 by the end of fiscal year 2025. ... In November 2025 the United States Bankruptcy Court accepted the restructuring plan.”

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

3

last 12 months

Officers resigned

1

last 12 months

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