APAC HOLDCO LIMITED

• ⚠

  Material uncertainty over going concern

  In preparing the Financial Statements, the going concern basis has not been adopted. The significant matter considered by the board of directors for the Company's going concern assessment was the WHOA Restructuring Plan with effective date being 30 June 2023. It is the view of the directors that, even though the regime is beneficial to the Ibex Group and the Company it creates a specific scenario through the solvent burial regime where the going concern basis is not deemed to be appropriate.

Figures converted to GBP from EUR at 0.870 per EUR (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

  +440.4%

  £12,005 → £64,870

• Net assets

  -311.5%

  £26,765,313 → -£56,609,522

• Employees

  -40%

  5 → 3

• Operating profit

  -929,035.3%

  -£10,308 → -£95,775,266

• Profit before tax

  -14,030%

  -£590,056 → -£83,374,834

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

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In preparing the Financial Statements, the going concern basis has not been adopted. The significant matter considered by the board of directors for the Company's going concern assessment was the WHOA Restructuring Plan with effective date being 30 June 2023. It is the view of the directors that, even though the regime is beneficial to the Ibex Group and the Company it creates a specific scenario through the solvent burial regime where the going concern basis is not deemed to be appropriate.”

Group structure

1. APAC HOLDCO LIMITED · parent
   1. Greenlit Brands Pty Ltd 100% · Australia · Investment
   2. Greenlit Brands Household Goods Pty Ltd 100% · Australia · Investment
   3. Greenlit Brands Corporate Solutions Pty Ltd 100% · Australia · Dormant
   4. Bravoscar Finance Company Pty Ltd 100% · Australia · Investment
   5. Freedom Furniture Australia Pty Ltd 100% · Australia · Retail
   6. ACN 099 553 036 Pty Ltd 100% · Australia · Dormant
   7. Freedom Furniture New Zealand Ltd 100% · New Zealand · Retail
   8. Unitrans Asia Pacific Pty Ltd 100% · Australia · Logistics
   9. GLB Household Goods IP Company Pty Ltd 100% · Australia · IP ownership
   10. ACN 120 315 068 Pty Ltd 100% · Australia · Dormant
   11. Fantastic Metal Furniture Manufacturers Pty Limited 100% · Australia · Dormant
   12. Fantastic Manufacturing Vietnam Company Ltd 100% · Vietnam · In process of deregistration
   13. FF HoldCo Pty Ltd 100% · Australia · Investment
   14. FF Brands Pty Ltd 100% · Australia · IP ownership
   15. Fantastic Manufacturing Pty Ltd 100% · Australia · Manufacturing
   16. Fantastic Furniture Pty Limited 100% · Australia · Retail
   17. Fantastic Furniture Limited 100% · New Zealand · Dormant
   18. Fantastic Furniture - The Package Deal Kings Limited 100% · New Zealand · Dormant
   19. FHL Distribution Centre Pty Limited 100% · Australia · Importer

Significant events

• “The Company was incorporated on 23 September 2020 with the purpose of holding investments in Greenlit Brands Pty Ltd and FF HoldCo Pty Ltd and their subsidiaries. On 13 August 2019, various companies in the Ibex Group had entered into a Creditors Voluntary Arrangement ("CVA") as described in note 14.”
• “The implementation of the WHOA Restructuring Plan on 30 June 2023 included an amendment to the credit facilities and the CPUs of the Group, including a postponement of the due date of the SEAG's and SFHG's indebtedness from 30 June 2023 to at least 30 June 2026, with the possibility of further two one-year options to further extend the maturity dates up to 30 June 2028.”

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

2

last 12 months

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