FIINU 2 LIMITED

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  Material uncertainty over going concern

  Forecasting revenues from financial services products involves inherent uncertainty, and there can be no assurance that anticipated opportunities for Everfex will translate into revenues at the levels forecast. If actual revenues are materially less than forecast revenues or if the outstanding loan note is not converted into equity, the Group will require additional funding during 2027 to continue its operations. This represents a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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.

1. FIINU 2 LIMITED 2023-06-22 → present
2. FIINU BANK LIMITED 2022-08-11 → 2023-06-22
3. FIINU 2 LTD 2020-10-26 → 2022-08-11

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

F.W. Smith, Riches & Co.

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Forecasting revenues from financial services products involves inherent uncertainty, and there can be no assurance that anticipated opportunities for Everfex will translate into revenues at the levels forecast. If actual revenues are materially less than forecast revenues or if the outstanding loan note is not converted into equity, the Group will require additional funding during 2027 to continue its operations. This represents a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern.”

Significant events

• “During 2025 the Group successfully completed a number of equity fundraisings, demonstrating continued investor support for the Group's strategic direction and technology platform.”
• “In September 2027, the Group's convertible loan of £2 million falls due for repayment. The loan is convertible only at the option of the loan holder.”

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

Filings

4

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.