CML INNOVATIVE TECHNOLOGIES LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 to the financial statements which explains that the directors intend to hive up the trade and assets of the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in note 2.2. Our opinion is not modified in respect of this matter.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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 §1A

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Whitings LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 to the financial statements which explains that the directors intend to hive up the trade and assets of the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in note 2.2. Our opinion is not modified in respect of this matter.”

Significant events

• “The company was sold on 28 April 2025.”
• “The directors intend to hive up the trade and assets of the business into its immediate parent company.”
• “On 1 January 2025, the company entered into a settlement agreement with group undertakings in respect of group loans.”
• “Settlement of the above balances were cleared by dividends of £2,990,034 declared on 28 April 2025, with £2,102,535 paid in kind and £887,499 paid in cash.”
• “On 19 December 2024 the company left the defined benefit pension scheme and its liabilities under the scheme were transferred to another group company.”

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

Filings

10

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.

• Turnover

  -1.2%

  £2,250,000 → £2,224,000

  lowest in 3 filed years

• Cash

  +11.2%

  £887,000 → £986,000

  highest in 3 filed years

• Net assets

  -8%

  £3,774,000 → £3,473,000

  lowest in 3 filed years

• Employees

  +5.3%

  19 → 20

• Operating profit

  -382.1%

  -£28,000 → -£135,000

  lowest in 3 filed years

• Profit before tax

  -155.6%

  £90,000 → -£50,000

  lowest in 3 filed years

• Wages

  +2%

  £556,000 → £567,000

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers