GREEN FLAG LIMITED

• ⚠

  Material uncertainty over going concern

  On 23 December 2024, the Boards of DLIG and Aviva plc ("Aviva") reached an agreement pursuant to which Aviva agreed to purchase the entire share capital of DLIG, subject to regulatory approval. Although the Directors cannot be certain about the actions of Aviva should a deal complete, they consider that the ability of the Company to continue as a going concern should not be adversely affected by the transaction should it proceed. In making this assessment, they have considered many factors, including the strategic fit of Aviva for DLIG as well as Aviva's record of executing transactions, including integrating a number of acquisitions, and of delivering profitable growth. While the Directors would expect Aviva to continue to deliver long term value from the Company's ongoing operations they note however, that it is beyond their control as to whether Aviva would undertake any restructuring of the Group's legal entities. Therefore, given the potential change in control, the Directors consider these conditions to constitute a material uncertainty (as defined under IAS 1) which may cast significant doubt over the Company's ability to continue as a going concern. The Directors would not expect this to impact the continued operation of the Company's core activities. Notwithstanding this uncertainty, the Directors are satisfied that the going concern basis remains appropriate for the preparation of the financial statements.

1. GREEN FLAG LIMITED 1996-08-05 → present
2. NATIONAL BREAKDOWN RECOVERY CLUB LIMITED 1992-01-30 → 1996-08-05
3. NATIONWIDE BREAKDOWN RECOVERY SERVICES LIMITED 1971-02-23 → 1992-01-30

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 23 December 2024, the Boards of DLIG and Aviva plc ("Aviva") reached an agreement pursuant to which Aviva agreed to purchase the entire share capital of DLIG, subject to regulatory approval. Although the Directors cannot be certain about the actions of Aviva should a deal complete, they consider that the ability of the Company to continue as a going concern should not be adversely affected by the transaction should it proceed. In making this assessment, they have considered many factors, including the strategic fit of Aviva for DLIG as well as Aviva's record of executing transactions, including integrating a number of acquisitions, and of delivering profitable growth. While the Directors would expect Aviva to continue to deliver long term value from the Company's ongoing operations they note however, that it is beyond their control as to whether Aviva would undertake any restructuring of the Group's legal entities. Therefore, given the potential change in control, the Directors consider these conditions to constitute a material uncertainty (as defined under IAS 1) which may cast significant doubt over the Company's ability to continue as a going concern. The Directors would not expect this to impact the continued operation of the Company's core activities. Notwithstanding this uncertainty, the Directors are satisfied that the going concern basis remains appropriate for the preparation of the financial statements.”

Significant events

• “As announced on 23 December 2024, the Boards of DLIG, the Company's parent, and Aviva plc ("Aviva") reached agreement on the terms of a recommended cash and share offer for DLIG.”

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

0

last 24 months

Officers appointed

1

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.

• Turnover

  +9.8%

  £20,620,000 → £22,645,000

• Cash

  -51.2%

  £494,000 → £241,000

• Net assets

  +13.6%

  £25,046,000 → £28,443,000

• Employees

  —

  Not reported

• Operating profit

  -24.9%

  £3,435,000 → £2,580,000

• Profit before tax

  -7.6%

  £4,902,000 → £4,530,000

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