FIAT REPUBLIC LTD

• ⚠

  Material uncertainty over going concern

  The Group's and Company's abilities to continue as going concerns is dependent on their ability to generate sufficient cash flows from operations and to secure additional funding to meet their obligations and commitments for at least 12 months from the date of approval of these financial statements. Therefore, the current and future reliance on venture capital funding represents a material uncertainty over the going concern assumption.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +203.2%

  £424,299 → £1,286,532

• Cash

  -62.9%

  £3,952,255 → £1,467,141

  lowest in 4 filed years

• Net assets

  -98.8%

  £3,058,821 → £36,989

  lowest in 4 filed years

• Employees

  +15.4%

  26 → 30

  highest in 4 filed years

• Operating profit

  +9.4%

  -£3,263,195 → -£2,955,068

• Profit before tax

  +11.8%

  -£3,317,362 → -£2,925,754

• Wages

  +16.6%

  £1,645,699 → £1,919,345

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group's and Company's abilities to continue as going concerns is dependent on their ability to generate sufficient cash flows from operations and to secure additional funding to meet their obligations and commitments for at least 12 months from the date of approval of these financial statements. Therefore, the current and future reliance on venture capital funding represents a material uncertainty over the going concern assumption.”

Group structure

1. FIAT REPUBLIC LTD · parent
   1. Fiat Republic Financial Services Limited 100% · London, UK
   2. Fiat Republic Canada Inc 100% · Toronto, Ontario
   3. Fiat Republic Netherlands BV 100% · Amsterdam, The Netherlands
   4. Fiat Republic Poland sp zoo 100% · Cracow, Poland

Significant events

• “On 5 September 2025 the company repurchased, for £143.89, and subsequently cancelled 143,889 A ordinary shares.”
• “After the reporting date, the company issued $1.11 million of convertible loan notes on several dates between 15 July 2025 and 30 October 2025. The loan notes are convertible into equity shares of the company under the specified terms and conditions.”

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

Filings

17

last 12 months

Capital events

4

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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