TOUCH LOCAL LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1 in the financial statements, which indicates that the parent company's going concern assumption is dependent on its revolving credit facility being renewed or refinanced within the next 12 month period, as disclosed in their financial statement for the year ended 31 December 2024. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

1. TOUCH LOCAL LIMITED 2006-11-15 → present
2. TOUCH (GOE) PLC 1998-12-22 → 2006-11-15
3. THE GUILD OF EXCELLENCE PLC 1994-04-28 → 1998-12-22
4. ISSUECOIN PUBLIC LIMITED COMPANY 1994-01-07 → 1994-04-28

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

Gibson Whitter Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1 in the financial statements, which indicates that the parent company's going concern assumption is dependent on its revolving credit facility being renewed or refinanced within the next 12 month period, as disclosed in their financial statement for the year ended 31 December 2024. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. TOUCH LOCAL LIMITED · parent
   1. Enable Media Limited 100% · UK · Marketing and web services
   2. Easily Limited 100% · UK · Domain registration and hosting provider

Significant events

• “The Group expects its 2025 trading results to decline in comparison to 2024's as Newfold Digital plans to utilise the Group to provide services to Newfold Digital and its related subsidiaries, while ceasing efforts to acquire new customers and gradually attrit its existing external customers.”
• “The Company is in the process of winding down its operational, retail customer-based business. The wholly owned subsidiaries Enable Media Limited and Easily Limited are expected to be dissolved before 31 March 2026.”

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

  -2.1%

  £7,258,000 → £7,106,000

• Cash

  +21.1%

  £823,000 → £997,000

• Net assets

  -547.6%

  £750,000 → -£3,357,000

• Employees

  +20.8%

  53 → 64

• Operating profit

  -241.7%

  -£199,000 → -£680,000

• Profit before tax

  -38,836.4%

  -£11,000 → -£4,283,000

• Wages

  +14.3%

  £2,715,000 → £3,104,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers