AVONDALE HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The directors acknowledge that the continued support of its lenders is material to their assessment of the company's ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business. During the year, the company breached its cash flow covenant in respect of its £5.8m loan facility due for repayment in 2030. Whilst the bank have reserved their rights in respect of the breach, no action has been taken.

1. AVONDALE HOLDINGS LIMITED 2009-06-23 → present
2. LANDMEDIA LIMITED 1993-11-17 → 2009-06-23

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

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors acknowledge that the continued support of its lenders is material to their assessment of the company's ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business. During the year, the company breached its cash flow covenant in respect of its £5.8m loan facility due for repayment in 2030. Whilst the bank have reserved their rights in respect of the breach, no action has been taken.”

Group structure

1. AVONDALE HOLDINGS LIMITED · parent
   1. Avondale Environmental Limited · waste management business

Significant events

• “During the year, the company breached its cash flow covenant in respect of its £5.8m loan facility due for repayment in 2030. Whilst the bank have reserved their rights in respect of the breach, no action has been taken.”

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

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -28.3%

  -£3,757,824 → -£4,822,713

• Employees

  0%

  4 → 4

• Operating profit

  -137.5%

  £1,580,904 → -£592,385

• Profit before tax

  -156%

  £2,181,778 → -£1,221,889

• Wages

  +7.7%

  £116,845 → £125,819

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