WALNUT NEWCO LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2.3 in the financial statements, which outlines the Group's significant loan note liability, the directors' belief that it is unlikely that the Group would be able to redeem the loan notes in full and that a significant refinancing or restructuring is likely to be required before 2029. These events or conditions, along with other matters as set forth in Note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Group and Company's ability to continue as a going concern.

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

  -11.6%

  £20,684,238 → £18,289,762

• Cash

  +25%

  £1,258,829 → £1,573,004

• Net assets

  -16%

  -£60,599,417 → -£70,298,983

  lowest in 3 filed years

• Employees

  -11.8%

  136 → 120

• Operating profit

  +89.4%

  -£13,866,916 → -£1,467,712

• Profit before tax

  +54%

  -£21,685,342 → -£9,976,296

• Wages

  -1.4%

  £5,244,051 → £5,168,925

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. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Price Bailey LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2.3 in the financial statements, which outlines the Group's significant loan note liability, the directors' belief that it is unlikely that the Group would be able to redeem the loan notes in full and that a significant refinancing or restructuring is likely to be required before 2029. These events or conditions, along with other matters as set forth in Note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Group and Company's ability to continue as a going concern.”

Significant events

• “Subsequent to the year-end, a Group subsidiary signed a revised loan facility agreement in relation to a term loan provided by HSBC UK Bank PLC due for full repayment on 22 August 2029. The revised agreement splits out the facility into tranches with interest payable on the first tranche (£10m) at SONIA +5.25% and non-cash interest on the second tranche (£11m) accruing at 15%.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.