TOOLSGROUP UK OPERATIONS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which details a contract transferring the company's assets, liabilities and trade to its parent undertaking with the company then ceasing to trade. As stated in note 2.3, these conditions indicate that the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.3. Our opinion is not modified in respect of this matter.

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

  -67.3%

  £437,297 → £143,013

• Net assets

  -246.7%

  £552,185 → -£810,015

  lowest in 3 filed years

• Employees

  -9.1%

  11 → 10

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

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which details a contract transferring the company's assets, liabilities and trade to its parent undertaking with the company then ceasing to trade. As stated in note 2.3, these conditions indicate that the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.3. Our opinion is not modified in respect of this matter.”

Group structure

1. TOOLSGROUP UK OPERATIONS LIMITED · parent
   1. Evo Europe Limited 100% · England and Wales

Significant events

• “The directors of the company are aware of the intention of the immediate parent undertaking to hive up the company's trade, assets and liabilities, at their balance sheet values, within 12 months of the date of approval of these financial statements.”

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

Filings

5

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.