C & T MATRIX LIMITED

• ⚠

  Material uncertainty over going concern

  The company made a loss for the year of £688,276 (2024: £1,016,090) and as at the balance sheet date had net current liabilities of £2,281,113 (2024: £1,932,777) and net liabilities of £1,386,575 (2024: 698,299). ... The lack of irrevocable secured arrangements for additional working capital being in place at the date of approval of the financial statements indicates that a material uncertainty exists that may cast significant doubt on the group's and company's ability to continue as a going concern. Notwithstanding the above uncertainty, the directors continue to prepare the financial statements on a going concern basis

1. C & T MATRIX LIMITED 2008-01-10 → present
2. CHANNEL MATRIX LIMITED 2007-07-30 → 2008-01-10
3. CHANNEL MATRIX PLC 2003-12-04 → 2007-07-30
4. CHANNEL CREASING MATRIX LIMITED 1995-04-30 → 2003-12-04
5. HOWPER 136 LIMITED 1994-10-21 → 1995-04-30

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 §1A

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company made a loss for the year of £688,276 (2024: £1,016,090) and as at the balance sheet date had net current liabilities of £2,281,113 (2024: £1,932,777) and net liabilities of £1,386,575 (2024: 698,299). ... The lack of irrevocable secured arrangements for additional working capital being in place at the date of approval of the financial statements indicates that a material uncertainty exists that may cast significant doubt on the group's and company's ability to continue as a going concern. Notwithstanding the above uncertainty, the directors continue to prepare the financial statements on a going concern basis”

Significant events

• “Exceptional costs includes fees related to dilapidations, restructuring, redundancy and other settlement costs.”

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

Filings

3

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

  +11.1%

  £5,700,689 → £6,330,999

• Cash

  -52.9%

  £1,178,340 → £554,459

  lowest in 4 filed years

• Net assets

  -98.6%

  -£698,299 → -£1,386,575

  lowest in 4 filed years

• Employees

  -2.1%

  48 → 47

  lowest in 4 filed years

• Operating profit

  +10.8%

  -£833,937 → -£744,177

• Profit before tax

  +8%

  -£1,124,348 → -£1,033,929

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