BLITZEN SECURITIES NO.1 PLC

• ⚠

  Material uncertainty over going concern

  Consequently, the Directors are of the opinion that these conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. Further detail of the option and impacts have been explained in the Director's report and note 2.3.

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

  —

  Not reported

• Cash

  +109.3%

  £14,948,771 → £31,286,827

• Net assets

  -70%

  £15,099,169 → £4,526,075

• Employees

  —

  Not reported

• Profit before tax

  -4.8%

  -£10,083,701 → -£10,572,194

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.

1. BLITZEN SECURITIES NO.1 PLC 2021-07-13 → present
2. ATHENA SPV PLC 2020-11-12 → 2021-07-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Consequently, the Directors are of the opinion that these conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. Further detail of the option and impacts have been explained in the Director's report and note 2.3.”

Significant events

• “further advances in line with the transaction documents between 2021 and 2024”
• “Bank of England reduced the base rate for the first time since the onset of the COVID-19 pandemic, from 5.25% in August 2023 to 5% in August 2024, followed by subsequent reductions to 4.75% in November 2024, 4.5% in February 2025, and 4.25% in May 2025.”

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.