MALDON BESS LIMITED

• ◆

  Material uncertainty over going concern

  The Company is currently subject to a formal sale process. The outcome and timing of any transaction remain subject to commercial negotiation and cannot be determined with certainty at the date of approval of these financial statements, however the Directors have determined that this is likely to complete within the going concern period of 12 months from the date these financial statements are approved for issuance. In the event that the transaction completes, the Directors do not have visibility of the financing arrangements, plans and business strategy of the Company under the prospective new owners. These conditions, along with the other matters explained in note 1.2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company is currently subject to a formal sale process. The outcome and timing of any transaction remain subject to commercial negotiation and cannot be determined with certainty at the date of approval of these financial statements, however the Directors have determined that this is likely to complete within the going concern period of 12 months from the date these financial statements are approved for issuance. In the event that the transaction completes, the Directors do not have visibility of the financing arrangements, plans and business strategy of the Company under the prospective new owners. These conditions, along with the other matters explained in note 1.2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.”

Significant events

• “After the reporting date, the Company's sole shareholder entered into an exclusivity arrangement in connection with the proposed sale of the entire issued share capital of the Company. As at the date of approval of these financial statements, the transaction had not yet concluded.”

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

Filings

15

last 12 months

Capital events

0

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.