DOLPHIN BAY LOANS LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have identified a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. This uncertainty arises from the final maturity date of the Notes being 20 June 2027. In the event the maturity date is not extended, unless previously redeemed in full, the Notes will be redeemed at their respective principal amount outstanding, and the Company will be liquidated.

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

  +9.1%

  £4,137,892 → £4,514,294

• Cash

  +1%

  £7,763,407 → £7,839,974

• Net assets

  -104.6%

  £85,848 → -£3,920

• Employees

  —

  Not reported

• Profit before tax

  +85.4%

  -£613,697 → -£89,468

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 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have identified a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. This uncertainty arises from the final maturity date of the Notes being 20 June 2027. In the event the maturity date is not extended, unless previously redeemed in full, the Notes will be redeemed at their respective principal amount outstanding, and the Company will be liquidated.”

Significant events

• “On 20 August 2025, the Company entered into a deed of amendment that revised the definition of the revolving period, extending it by three months from the amended effective date of 20 August 2025. As a result, the revolving period end date was extended to 20 November 2025. On 21 November 2025, the Company entered into an extension letter that further amended the revolving period end date to 20 December 2025. A subsequent extension letter dated 19 December 2025 extended the revolving period end date to 23 December 2025. On 23 December 2025, the Company entered into a further deed of amendment that extended the revolving period end date to 20 June 2026 and amended final maturity date to 20 June 2027.”
• “There were no contingent liabilities or commitments as of 31 December 2024 (31 December 2023: Nil).”

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

1

last 12 months

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