NCAB GROUP KESTREL LIMITED

• ⚠

  Material uncertainty over going concern

  On 31 March 2025, the company transferred its trade, assets, liabilities and employees to its parent undertaking under a hive up agreement. Following the hive up, the company ceased trading and now exists solely to complete certain legacy sales orders, as an agent for its parent undertaking, and to complete remaining administrative matters prior to being struck off. As a result, the directors consider that the going concern basis of accounting is not appropriate, and the 2025 financial statements have therefore been prepared on a basis other than going concern.

1. NCAB GROUP KESTREL LIMITED 2022-09-01 → present
2. KESTREL INTERNATIONAL CIRCUITS LIMITED 1995-03-07 → 2022-09-01

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Shaw Gibbs (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 31 March 2025, the company transferred its trade, assets, liabilities and employees to its parent undertaking under a hive up agreement. Following the hive up, the company ceased trading and now exists solely to complete certain legacy sales orders, as an agent for its parent undertaking, and to complete remaining administrative matters prior to being struck off. As a result, the directors consider that the going concern basis of accounting is not appropriate, and the 2025 financial statements have therefore been prepared on a basis other than going concern.”

Significant events

• “There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.”

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

  -88.9%

  £6,594,415 → £729,957

• Cash

  -84.1%

  £1,392,630 → £221,793

  lowest in 4 filed years

• Net assets

  -100%

  £2,134,413 → £100

  lowest in 4 filed years

• Employees

  -78.9%

  19 → 4

  lowest in 4 filed years

• Operating profit

  -119.1%

  £690,360 → -£132,136

• Profit before tax

  -115.7%

  £806,235 → -£126,828

• Wages

  -70.4%

  £827,962 → £245,286

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