GLOBAL HOLDINGS S.A. LIMITED

• ⚠

  Material uncertainty over going concern

  In August 2024, the Group announced that Hartree had completed the acquisition of all E D & F Man's outstanding A2 and B1 Senior Secured Legacy Debt. It was also announced that the Group had entered into an Option Framework Agreement for the sale of various assets including the Commodities Group. In December 2024, Hartree communicated its intent to purchase the Commodities Group and this acquisition is expected to occur in 2025 upon receipt of regulatory approvals. Following the acquisition, the principal revenue generators of the Group will have been sold. Therefore, Group management have committed to the orderly wind-down of the remaining entities of the Group, including the liquidation of the Company. As such, these financial statements have been prepared on a basis other than going concern.

1. GLOBAL HOLDINGS S.A. LIMITED 2021-02-25 → present
2. BAUCHE SA LIMITED 2013-08-16 → 2021-02-25
3. BROADHURST SUGAR LIMITED 2003-11-18 → 2013-08-16
4. W. BROADHURST & CO. LIMITED 1965-01-01 → 2003-11-18

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In August 2024, the Group announced that Hartree had completed the acquisition of all E D & F Man's outstanding A2 and B1 Senior Secured Legacy Debt. It was also announced that the Group had entered into an Option Framework Agreement for the sale of various assets including the Commodities Group. In December 2024, Hartree communicated its intent to purchase the Commodities Group and this acquisition is expected to occur in 2025 upon receipt of regulatory approvals. Following the acquisition, the principal revenue generators of the Group will have been sold. Therefore, Group management have committed to the orderly wind-down of the remaining entities of the Group, including the liquidation of the Company. As such, these financial statements have been prepared on a basis other than going concern.”

Group structure

1. GLOBAL HOLDINGS S.A. LIMITED · parent
   1. Global Sugar Trading – Comercio de Azucar Ltda 100% · Portugal · Sugar distribution

Significant events

• “In August 2024, the Group announced that Hartree Partners, LP ("Hartree") had completed the acquisition of all E D & F Man's outstanding A2 and B1 Senior Secured Legacy Debt. It was also announced that the Group had entered into an Option Framework Agreement for the sale of various assets including E D & F Man Commodities Limited and its subsidiaries (the "Commodities Group"). In December 2024, Hartree communicated its intent to purchase the Commodities Group and this acquisition is expected to occur in 2025 upon receipt of regulatory approvals. Following the acquisition, the principal revenue generators of the Group will have been sold. Therefore, Group management have committed to the orderly wind-down of the remaining entities of the Group, including the liquidation of the Company.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  —

  Not reported

• Cash

  -29.6%

  £1,688,450 → £1,189,221

• Net assets

  -7%

  -£6,676,277 → -£7,145,370

• Employees

  —

  Not reported

• Operating profit

  -65.9%

  -£377,085 → -£625,446

• Profit before tax

  -65.9%

  -£377,085 → -£625,446

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