SSL ASCOT OPCO LTD

• ◆

  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

• Turnover

  +41.2%

  £4,177,009 → £5,898,473

• Cash

  -98.3%

  £28,049 → £471

• Net assets

  -15.5%

  -£12,937,199 → -£14,937,055

• Employees

  —

  Not reported

• Operating profit

  +58.3%

  -£1,834,410 → -£764,556

• Profit before tax

  +32.4%

  -£2,958,479 → -£1,999,857

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. SSL ASCOT OPCO LTD 2024-07-10 → present
2. GRACEWELL OPERATIONS (ASCOT) LIMITED 2018-07-09 → 2024-07-10

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the reporting date, the company had net liabilities of £14,937,055 (2023: £12,937,199) and made a loss for the year of £1,999,857 (2023: £2,958,479). The net current liability includes amounts due to the immediate parent undertaking of £1,162,977 (2023: £3,969,119). The company is reliant on the continued support of its intermediary parent undertaking. The directors have made an assessment of the company's going concern and the ability to continue as a going concern for at least a period of twelve months from the signing of these financial statements. The assessment is based on the company's forecast which has taken into account any key assumptions and liabilities due, including the amounts owed to group and relating undertakings of £5,981,133 (2023: £4,945,278). The directors note that the company have access to resources of its intermediary parent company, Noble JV S.a.r.l., and have received a letter of intent to support the company and not recall intercompany balances. Based on this assessment, the directors have concluded that with the letter of support confirming that no intercompany balances will be recalled, the company has sufficient cash to operate and meet its liabilities, for at least a period of 12 months from the date of signing of these financial statements. The intermediary parent company, Noble JV S.a.r.l., has the financial viability and commercial incentive to continue supporting its subsidiary, therefore based on the forecast prepared by the directors, the directors are confident that for the foreseeable future, being twelve months from the approval of these financial statements, the company would be able to meet any liabilities as they fall due. For this reason, the directors believe that it remains appropriate to prepare the accounts on a going concern basis.”

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

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.