ASPEN ADVISERS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1.2 in the financial statements, which indicates that the company currently does not have the required AuM levels to become profitable. Whilst the directors agree that reaching this threshold AuM level is achievable they are not contractually guaranteed. As stated in Note 1.2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. 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

  +324.7%

  £86,728 → £368,326

• Cash

  -33.8%

  £476,729 → £315,596

• Net assets

  -28.9%

  £486,295 → £345,826

  first positive since 2022

• Employees

  +100%

  4 → 8

  highest in 3 filed years

• Operating profit

  -12.7%

  -£495,120 → -£557,870

• Profit before tax

  -12.5%

  -£488,237 → -£549,307

• Wages

  +139.5%

  £191,466 → £458,637

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

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. 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

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.2 in the financial statements, which indicates that the company currently does not have the required AuM levels to become profitable. Whilst the directors agree that reaching this threshold AuM level is achievable they are not contractually guaranteed. As stated in Note 1.2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “After the closure of the 2024 financial year, on 28 March 2025, the company issued an additional 1,748 ordinary shares at a nominal value of £0.01 per share, for a total consideration of £150,000.”

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

Filings

13

last 12 months

Capital events

9

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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