MADISON SL LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -34.6%

  £13,795,009 → £9,027,636

• Net assets

  +42.5%

  £2,116 → £3,016

• Employees

  —

  Not reported

• Operating profit

  0%

  £1,200 → £1,200

• Profit before tax

  0%

  £1,200 → £1,200

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Azets

Audit opinion

Qualified

Going concern

Affirmed

“The Directors, having a reasonable expectation that the Company will continue in operational existence for a period of not less than twelve months from the date of approval of these financial statements on a going concern basis. The Notes are of limited recourse in nature, so repayments are only made to the extent of funds received from the Deemed Loan.”

Significant events

• “As per the amended and restated agreement dated 5 June 2025 new Mezzanine Noteholder Glencar Investments 60 DAC replaced the Original Mezzanine Noteholder and all Notes were extended to June 2028.”
• “Since the Statement of Financial Position date, the United States of America (U.S.A.) has imposed worldwide tariffs on goods imported to the U.S.A. As a result, economic uncertainty exists surrounding the wider consequences of the actions taken by the U.S.A. The Directors will continue to assess the potential impact of these measures on the ability of the borrowers to make repayments.”

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.