GORDIAN KNOT LIMITED

• ⚠

  Material uncertainty over going concern

  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.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. GORDIAN KNOT LIMITED 1993-10-13 → present
2. ARLINGBUSH LIMITED 1993-09-15 → 1993-10-13

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

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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -68.7%

  £295,760 → £92,601

• Net assets

  -29.8%

  £2,975,872 → £2,089,204

• Employees

  -18.2%

  11 → 9

• Operating profit

  +49.6%

  -£1,761,345 → -£887,214

• Profit before tax

  +49.5%

  -£1,755,041 → -£886,504

• Wages

  -31.3%

  £844,049 → £579,634

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