NOTTINGHAM UNIVERSITY INDUSTRIAL AND COMMERCIAL ENTERPRISE LIMITED

• ⚠

  Material uncertainty over going concern

  As stated on the Statement of Financial Position at 31 July 2024 the Company had net current liabilities of £5,697k and holds a £6.6m due to the parent including £3.2m intercompany loan from the parent. The Directors have reviewed all ongoing operations and future forecasts and believe that the company will continue with its current business. The Company's parent, the University of Nottingham has confirmed that it will provide continued support for the Company to meet its obligations as they fall due for a period at least 12 months from the signing of the Company's financial statements. As a result, the Directors believe that the entity will continue to be a going concern into the foreseeable future and have prepared the financial statements on a going concern basis. The Directors' assessments include their consideration of the loan from the parent undertaking and have confirmed that there are no intentions to recall the loan; an agreement to support the subsidiary exists. The Directors have confirmed the University is capable of providing this financial support but recognise that, owing to the informal (non-legally binding) nature of this support agreement which may be withdrawn, and the Company's reliance on this support, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not contain any adjustments that would be required if the financial statements were prepared on a basis other than that of a going concern.

1. NOTTINGHAM UNIVERSITY INDUSTRIAL AND COMMERCIAL ENTERPRISE LIMITED 1993-09-21 → present
2. ZETON LIMITED 1990-01-29 → 1993-09-21

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

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As stated on the Statement of Financial Position at 31 July 2024 the Company had net current liabilities of £5,697k and holds a £6.6m due to the parent including £3.2m intercompany loan from the parent. The Directors have reviewed all ongoing operations and future forecasts and believe that the company will continue with its current business. The Company's parent, the University of Nottingham has confirmed that it will provide continued support for the Company to meet its obligations as they fall due for a period at least 12 months from the signing of the Company's financial statements. As a result, the Directors believe that the entity will continue to be a going concern into the foreseeable future and have prepared the financial statements on a going concern basis. The Directors' assessments include their consideration of the loan from the parent undertaking and have confirmed that there are no intentions to recall the loan; an agreement to support the subsidiary exists. The Directors have confirmed the University is capable of providing this financial support but recognise that, owing to the informal (non-legally binding) nature of this support agreement which may be withdrawn, and the Company's reliance on this support, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not contain any adjustments that would be required if the financial statements were prepared on a basis other than that of a going concern.”

Group structure

1. NOTTINGHAM UNIVERSITY INDUSTRIAL AND COMMERCIAL ENTERPRISE LIMITED · parent
   1. Nottingham University Consultants Limited 100% · United Kingdom · dormant
   2. Nottingham University Power Management Limited 100% · United Kingdom · dormant
   3. Nottingham University Press Limited 100% · United Kingdom · dormant
   4. Nottingham Venues Limited 100% · United Kingdom · provides facilities for conferences and other events and operates a hotel
   5. Nottingham Technology Asia Limited 100% · Hong Kong · dormant

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

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

  +23.8%

  £27,452,000 → £33,974,000

• Cash

  -6.4%

  £3,487,000 → £3,264,000

• Net assets

  +146%

  £100,000 → £246,000

• Employees

  —

  Not reported

• Operating profit

  +98.4%

  £637,000 → £1,264,000

• Profit before tax

  +148.6%

  £477,000 → £1,186,000

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