PANICIUM LIMITED

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

  +75%

  £10,192,562 → £17,841,864

• Cash

  -30.1%

  £364,080 → £254,605

• Net assets

  -73.3%

  £881,337 → £235,277

  lowest in 6 filed years

• Employees

  0%

  171 → 171

• Operating profit

  +11%

  £372,674 → £413,682

• Profit before tax

  -95.6%

  -£262,401 → -£513,273

• Wages

  +85.1%

  £2,679,008 → £4,957,955

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.

1. PANICIUM LIMITED 2018-10-18 → present
2. ENSCO 1301 LIMITED 2018-06-29 → 2018-10-18

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Hurst Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group is reporting a loss before tax of £0.5m (2024: £0.3m loss) and consolidated net assets total £0.2m at 30 April 2025 (2024: £0.9m). Group EBITDA increased from £1.2m in the year ended 30 April 2024 to £1.7m in the year to 30 April 2025. ... During the year, breaches of financial covenants on the parent Company's debt facilities arose, and breaches were continuing at the reporting date. This event made the entirety of the loan balances theoretically repayable on demand (£6.6m in total) in accordance with the terms and conditions. The debt facilities have therefore been classified as Loans due within one year at the reporting date. As a result, the Group has net current liabilities totalling £7.0m at 30 April 2025 (2024: £0.3m). Subsequent to the year end, the lenders waived any rights arising from the specified defaults and the loan agreements were amended. Financial covenants have been complied with in the period subsequent to the amended agreements being made. In May 2025, a subscription agreement was made with an additional investor in relation to B Preference and B Ordinary shares totalling £1m. The Directors have assessed whether the Group has adequate funding to settle its liabilities as they fall due over the forthcoming period. Management has prepared a detailed forecast covering the next 12 months. This forecast shows that the Group is expecting to generate positive cash flows over this period. Consequently, the consolidation financial statements have been prepared on a going concern basis.”

Group structure

1. PANICIUM LIMITED · parent
   1. Binghams Food Limited 100%
   2. Margaret Hall Limited 100%
   3. Margarets Country Kitchen Confectionary Ltd 100%
   4. The Bury Black Pudding Co Limited 100%

Significant events

• “Subsequent to the year end, the lenders waived any rights arising from specified financial covenant defaults, and loan agreements were amended. Financial covenants have since been complied with. In May 2025, a subscription agreement was made with an additional investor for B Preference and B Ordinary shares totalling £1m. Also, 9,649 B Ordinary shares (£0.001 each) were issued for £51.822/share, and 500,000 B Redeemable Preference shares (£1 each) were issued at £1/share.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.