GORDIAN KNOT LIMITED

Company number

02853833

Status

Active

Incorporation

1993-09-15

Last accounts made up

2024-09-30

Account category

GROUP

Primary SIC

66300

Hubs

UK Fintech

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As set out in Note 2 on page 16 of these financial statements, there is doubt about the Company's and Group's ability to continue as a going concern. However, based on management's ongoing financial support, the potential to raise further equity, fee generating opportunities, and in the absence of any intention to cease trading or liquidate the Company, these financial statements have been prepared on a going concern basis. We draw attention to note 2 in the financial statements, which indicates that the group's and parent company's continued oporations are dependent on additional funding from two of its existing shareholders, who are also directors. One of the directors has confirmed that he will lend sufficient funds to the parent company to enable the parent company and group meet their liabilities as they fall due and for the parent company to meet its regulatory capital requirements for a period of at least 12 months from the date of approving the financial statements. His ongoing support is dependent upon his expectations that there is a reasonable prospect of the group's and parent company's future profitability and there is no significant increase in costs expected. There is. no legally binding obligation for him to provide continuing support. As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt over the group's and parent company's ability to continuc as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “GKNY was closed during the year ended 30 September 2024. Remaining cash and other residual balances were transferred to the Company in July 2024 and the amount owed to GKNY by the Company was waived on the winding down of the business. The process is expected to conclude in the near future.”
• “After 30 September 2024 the Group was made aware of US$ 729,677 of claims from former employees, which included US$ 713,814 that would have arisen as at 30 September 2024. ... the directors determined that a provision of US$ 108,490 should be included to record the costs in the year to 30 September 2024 (see note 14).”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers