AVRENIM GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  At the time of approving the financial statements, the directors have a reasonable expectation that the group and company have adequate resources to continue in operational existence for the foreseeable future. However the directors are in discussions with regards to the future of three of the subsidiary businesses (Avrenim Consultancy Ltd, Avrenim Developments Ltd and Avrenim Energy Services Ltd). At the date of signing the accounts no ultimate decision has been made, but the two considerations for each business are, the businesses continue trading as they are or the trade and assets are hived up to another group company to save on overall operational costs. As the decision is yet to be decided upon, the individual financial statements continue at this time to be prepared on the going concern basis. A decision on this is expected within the next twelve months following the signing of the audit report, therefore this situation indicates that a material uncertainty exists on these individual companies that may cast doubt on 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

  +0.2%

  £15,978,927 → £16,010,764

• Cash

  -19.2%

  £1,601,834 → £1,294,296

• Net assets

  +112.5%

  £465,687 → £989,432

  highest in 4 filed years

• Employees

  -11.9%

  109 → 96

• Operating profit

  +1,280.4%

  £80,604 → £1,112,678

• Profit before tax

  +1,209.7%

  £80,604 → £1,055,680

• Wages

  0%

  £4,112,826 → £4,111,011

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Mitchell Charlesworth (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group and company have adequate resources to continue in operational existence for the foreseeable future. However the directors are in discussions with regards to the future of three of the subsidiary businesses (Avrenim Consultancy Ltd, Avrenim Developments Ltd and Avrenim Energy Services Ltd). At the date of signing the accounts no ultimate decision has been made, but the two considerations for each business are, the businesses continue trading as they are or the trade and assets are hived up to another group company to save on overall operational costs. As the decision is yet to be decided upon, the individual financial statements continue at this time to be prepared on the going concern basis. A decision on this is expected within the next twelve months following the signing of the audit report, therefore this situation indicates that a material uncertainty exists on these individual companies that may cast doubt on the company's ability to continue as a going concern.”

Group structure

1. AVRENIM GROUP LIMITED · parent
   1. Avrenim Energy Services Limited 100% · UK · renewables-focused subsidiary
   2. Avrenim Consultancy Ltd 100% · UK · facilities management, project management
   3. Avrenim Developments Ltd 100% · UK · construction arm, key projects within healthcare and public sector frameworks
   4. Avrenim Facilities Management Limited 100% · UK · facilities management
   5. Voltx Power Peacock Limited 35% · England · sustainable energy solutions
   6. Voltx Power UK Ltd 100% · UK

Significant events

• “The Group completed a significant restructure following the conclusion of several major contracts.”
• “On 1 January 2024 Voltx Power Peacock Limited, a 100% directly owned subsidiary acquired a controlling shareholding in Voltx Power Limited. On 23 December 2024 the controlling shareholding was transferred through the sale of shares to an external shareholder at market value.”
• “The company recognised an exceptional cost in respect of the write-off of a loan receivable from Mattravers Limited amounting to £210,808.”

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.