EVTEC GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2, 20 and 26 in the financial statements, which indicates that the Group generated profit of £0.7m for the year ended 31 March 2025 but as at that date had net current liabilities of £3.4m. The ongoing reliance on a single customer for the majority of the revenue, the requirement for revenue to be maintained, the level of debt and the requirement to negotiate terms for the new loan indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -3.8%

  £61,244,368 → £58,887,317

• Cash

  +2,104.4%

  £53,883 → £1,187,798

  highest in 3 filed years

• Net assets

  +57.7%

  £1,217,941 → £1,920,990

  highest in 3 filed years

• Employees

  0%

  153 → 153

• Operating profit

  -25.7%

  £2,231,404 → £1,658,353

• Profit before tax

  -25.3%

  £1,277,070 → £953,913

• Wages

  +5%

  £5,031,977 → £5,283,888

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.

1. EVTEC GROUP LIMITED 2022-02-23 → present
2. EVTEC HOLDINGS LTD 2020-11-26 → 2022-02-23

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2, 20 and 26 in the financial statements, which indicates that the Group generated profit of £0.7m for the year ended 31 March 2025 but as at that date had net current liabilities of £3.4m. The ongoing reliance on a single customer for the majority of the revenue, the requirement for revenue to be maintained, the level of debt and the requirement to negotiate terms for the new loan indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. EVTEC GROUP LIMITED · parent
   1. Evtec Automotive limited 100% · England · Assembly and supply of automotive components

Significant events

• “On 27 June 2025 the Group signed an Amendment and Restatement deed with its lender, Breal Zeta. The new agreement extends the receivables financing agreement and the asset backed borrowing facility until 1 July 2027.”
• “On 31 August 2025 the Company's principal customer was impacted by a cyber incident, that forced the shutdown of its IT systems. This in turn forced a suspension in production that lasted until 13 October 2025.”
• “On 13 October 2025, the key customer advanced a loan of £4.5m, with a further £1m to be advanced at the discretion of the customer.”
• “On 11 November 2025 the shareholders participated in share exchange agreement with Evtec Group Holdings Limited, making the Company a wholly owned direct subsidiary of Evtec Group Holdings Limited.”
• “On 12 May 2025, the Company along with Evtec Aluminium Limited and JVM Castings Limited signed a non-binding letter of intent to complete a reverse merger transaction with a Canadian Corporation.”

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

Filings

10

last 12 months

Capital events

3

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.