PENNANT INTERNATIONAL LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have concluded that there are scenarios whereby the conversion of opportunities into new business represent a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern – scenarios under which the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

1. PENNANT INTERNATIONAL LIMITED 2018-01-22 → present
2. PENNANT TRAINING SYSTEMS LIMITED 2000-02-18 → 2018-01-22
3. PENNANT INTERNATIONAL LIMITED 1984-05-04 → 2000-02-18
4. PENNANT TRAINERS & SIMULATORS LIMITED 1979-12-31 → 1984-05-04
5. PENNANT DISPLAY & ENGINEERING LIMITED 1958-02-25 → 1979-12-31

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 101

Reporting scope

Standalone (parent only)

Auditor

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have concluded that there are scenarios whereby the conversion of opportunities into new business represent a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern – scenarios under which the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “During 2024 a restructuring exercise was undertaken to re shape and re size the Training Systems segment as a response to a hiatus in demand from the UK MoD. The total restructuring expense recognised in the company income statement is £1.1 million and includes redundancy costs of £0.3 million, an inventory write down of £0.4 million and fixed asset impairments of £0.3 million.”
• “On 1st October 2024, the Company listed its freehold property at Staverton Connection in Cheltenham, UK, and subsequently reclassified the property as current assets held for sale in accordance with IFRS 5.”
• “On 24th February 2025 the Company announced the disposal of unit D at the Group's Staverton site for a cash consideration of £0.83 million as part of the previously announced streamlining of the Group's Training Division.”
• “On 7th April 2025 the company announced the exchange of contracts on three more commercial properties at the Group's Staverton site (units D3, D4 and car park). The aggregate consideration is £1.2 million, both transactions completed on 25th April 2025.”
• “During April 2025 the Group (parent company) renewed its overdraft facility with its bankers, HSBC, at a limit of £2 million, for 12 months, secured by charges on the remaining owned land & buildings at Cheltenham, UK.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.

• Turnover

  -16.8%

  £9,759,000 → £8,117,000

• Cash

  +125.2%

  £210,000 → £473,000

• Net assets

  -28.5%

  £3,696,000 → £2,641,000

• Employees

  -12%

  83 → 73

• Operating profit

  -106.6%

  £1,806,000 → -£120,000

• Profit before tax

  -120.5%

  £1,602,000 → -£329,000

• Wages

  +3.1%

  £3,127,000 → £3,224,000

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