MAVIGA LIMITED

• ⚠

  Material uncertainty over going concern

  Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. Following a strategic review of the Maviga Group, the directors concluded that the European and African businesses should be wound down. Accordingly, the directors have not prepared the financial statements on a going concern basis.

1. MAVIGA LIMITED 2017-03-23 → present
2. MAVIGA PLC 2014-12-22 → 2017-03-23
3. MAVIGA LIMITED 2014-12-22 → 2014-12-22
4. MAVIGA INTERNATIONAL (HOLDINGS) LIMITED 2008-05-20 → 2014-12-22
5. MAVIGA LIMITED 1994-09-23 → 2008-05-20
6. ANAGRA LIMITED 1994-09-02 → 1994-09-23
7. GEMQUAY LIMITED 1994-07-27 → 1994-09-02

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 101

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. Following a strategic review of the Maviga Group, the directors concluded that the European and African businesses should be wound down. Accordingly, the directors have not prepared the financial statements on a going concern basis.”

Group structure

1. MAVIGA LIMITED · parent
   1. Maviga East Africa Limited 98% · Tanzania
   2. Maviga Europe Limited 100% · United Kingdom
   3. Maviga Middle East DMCC 100% · United Arab Emirates
   4. Maviga SA 100% · Switzerland
   5. Maviga Tanzania Limited 99% · Tanzania

Significant events

• “In December 2024, Maviga Limited contributed $230,000 to its 98% subsidiary, Maviga East Africa Limited to ensure the orderly wind up of all of Maviga East Africa Limited's activities.”
• “During the year, the company declared and distributed a dividend in specie to Agman Holdings Ltd. The dividend was used to offset an outstanding receivable due from Agman Holdings Ltd.”
• “During the year ended 30 September 2022, the directors declared their intention to close down the non-North American businesses, being those that remain owned by the company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

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

  -70.3%

  £2,808 → £833

• Net assets

  -29%

  £5,473,182 → £3,884,873

• Employees

  —

  Not reported

• Operating profit

  +2,578.7%

  -£143,072 → £3,546,389

• Profit before tax

  +130.5%

  -£9,898,506 → £3,022,102

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