W H IRELAND LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1 "Going Concern" on pages 16-17 in the financial statements, which describes the Directors' assessment of the Company's ability to continue as a going concern. As disclosed in Note 1, the Company is dependent upon the successful completion of the proposed sale of the business, which remains subject to court approval and is therefore not yet legally binding. Furthermore, if the sale completes, there is uncertainty regarding potential changes to the business model, group structure and future funding requirements under new ownership. The financial forecasts prepared by the Directors indicate that, while the Company expects to have sufficient liquidity for at least twelve months from the date of approval of the financial statements, the failure of the proposed sale to complete could require the Company to secure additional funding and expose it to significant liquidity pressures. These events and conditions, along with other matters as set forth in note 1, indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1 "Going Concern" on pages 16-17 in the financial statements, which describes the Directors' assessment of the Company's ability to continue as a going concern. As disclosed in Note 1, the Company is dependent upon the successful completion of the proposed sale of the business, which remains subject to court approval and is therefore not yet legally binding. Furthermore, if the sale completes, there is uncertainty regarding potential changes to the business model, group structure and future funding requirements under new ownership. The financial forecasts prepared by the Directors indicate that, while the Company expects to have sufficient liquidity for at least twelve months from the date of approval of the financial statements, the failure of the proposed sale to complete could require the Company to secure additional funding and expose it to significant liquidity pressures. These events and conditions, along with other matters as set forth in note 1, indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. W H IRELAND LIMITED · parent
   1. Fitel Nominees Limited 100% · England and Wales
   2. WH Ireland Nominees Limited 100% · England and Wales
   3. WH Ireland Trustee Limited 100% · England and Wales
   4. WH Ireland (Financial Services) Limited 100% · England and Wales

Significant events

• “The Capital Markets (CM) division was disposed of on 12th July 2024.”
• “The Company received offers for the WM division during the year, leading the board to revise strategy back to pursuing a successful sale of the WM business, classified as 'held for sale' at year end.”
• “Following the year-end, the Group announced the conditional disposal of the WM division was aborted on 9th April but was reclassified as held for sale by 31 March 2025. The board subsequently continued the process of disposal, announcing in November 2025 a conditional agreement to sell the Company by way of a scheme of arrangement for £12.7 million.”

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

Filings

12

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.