INTELLIAM AI PLC

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  Material uncertainty over going concern

  Whilst the Directors are confident with regards to the appropriateness of the going concern assessment and conclusion, the Directors also recognise the criticality of the invoice finance facility. The fact that it is a non-binding offer in nature at this stage with financial covenants and other operational conditions attached to it - which the company fully expects to satisfy entirely based on formal assessments carried out, there are uncertainties present in this regard which indicates that a material uncertainty exists that may cast significant doubt on the Group and Parent Company's ability to continue as a going concern and therefore to realise its assets and discharge its liabilities in the normal course of business.

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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.

1. INTELLIAM AI PLC 2024-06-19 → present
2. INTELLIAM AI LIMITED 2023-07-10 → 2024-06-19

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Gerald Edelman LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst the Directors are confident with regards to the appropriateness of the going concern assessment and conclusion, the Directors also recognise the criticality of the invoice finance facility. The fact that it is a non-binding offer in nature at this stage with financial covenants and other operational conditions attached to it - which the company fully expects to satisfy entirely based on formal assessments carried out, there are uncertainties present in this regard which indicates that a material uncertainty exists that may cast significant doubt on the Group and Parent Company's ability to continue as a going concern and therefore to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. INTELLIAM AI PLC · parent
   1. 53 Degrees North Engineering Limited 100%
   2. IntelliAM Software Solutions Limited 100% · Dormant

Significant events

• “In December 2025, IntelliAM successfully raised £0.5m in gross proceeds, which provided capital for a joint project with SKF and some additional working capital.”
• “On 1st April 2026, IntelliAM AI Plc acquired the business and assets of RBM Lubrications & Monitoring Solutions Ltd.”

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

Filings

7

last 12 months

Capital events

2

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.