EUROPCAR SECURITIFLEET UK ISSUER PLC

• ⚠

  Material uncertainty over going concern

  The directors have identified a material uncertainty with respect to the ongoing structure of the group financing, for which the intentions of the ultimate parent company as regards this company and ability to provide appropriate support, remains unknown. The financial statements do not include the adjustments that would be required if the company was unable to continue as a going concern as the directors believe, based on their assessment above, that the company will continue in operational existence throughout the going concern period to 31 January 2027.

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

  +44%

  £13,078,966 → £18,838,765

• Net assets

  -90.9%

  -£3,615,419 → -£6,903,357

• Employees

  —

  Not reported

• Profit before tax

  +39.1%

  -£5,392,525 → -£3,286,438

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have identified a material uncertainty with respect to the ongoing structure of the group financing, for which the intentions of the ultimate parent company as regards this company and ability to provide appropriate support, remains unknown. The financial statements do not include the adjustments that would be required if the company was unable to continue as a going concern as the directors believe, based on their assessment above, that the company will continue in operational existence throughout the going concern period to 31 January 2027.”

Significant events

• “In February 2025, the Company entered a Mezzanine Financing agreement up to the amount of £100 million. In this agreement, the Company will issue Authorised Mezzanine Credit Facility (AMCFs) to Authorised Mezzanine Credit Providers.”
• “The Mezzanine Loan Note in an amount of £37.5m was issued on the first Mezzanine Issue Date (28 February 2025) and subsequently to be upsized to £75m following the second issuance on a subsequent Mezzanine Issue Date subject to the satisfaction of the relevant conditions in the AMCFs Proceeds Facility.”

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

Filings

2

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.