SOMERVILLE ACQUISITION UK LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements are prepared on a basis other than going concern. No adjustment arose as a result of preparing the accounts on a basis other than as a going concern. The financial statements do not include any provision for future costs of terminating the business of the company except to the extent that such were committed at the balance sheet date. Notwithstanding the Company's net asset position of $40.5M, following the sale of its only investment in Metaswitch Networks Ltd, it is the expectation that a process to liquidate the company will commence. Thus, the directors have decided to adopt a basis other than going concern in preparing the annual report and accounts.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +5.1%

  £28,793,451 → £30,259,365

• Employees

  —

  Not reported

• Profit before tax

  +111.1%

  -£17,853,779 → £1,989,708

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements are prepared on a basis other than going concern. No adjustment arose as a result of preparing the accounts on a basis other than as a going concern. The financial statements do not include any provision for future costs of terminating the business of the company except to the extent that such were committed at the balance sheet date. Notwithstanding the Company's net asset position of $40.5M, following the sale of its only investment in Metaswitch Networks Ltd, it is the expectation that a process to liquidate the company will commence. Thus, the directors have decided to adopt a basis other than going concern in preparing the annual report and accounts.”

Group structure

1. SOMERVILLE ACQUISITION UK LIMITED · parent
   1. Metaswitch Networks Limited 100% · United Kingdom · Leading Cloud Native software company driving cloudification infrastructure

Significant events

• “On 3 March 2025, the Company disposed of the investment in MetaSwitch Networks Limited and its subsidiaries to Alianza Inc.”
• “No subsequent events have occurred since the financial year end that materially impact the financial statements for the financial year ended 30 June 2025.”

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

1

last 12 months

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