CONNECT A50 LIMITED

• ⚠

  Material uncertainty over going concern

  As the DBFO contract is coming to an end within 12 months of the signing of these statements, the Company will now be adopting a non-going concern basis for preparation of these financial statements. The effect of this is explained in note 1.

1. CONNECT A50 LIMITED 1995-10-12 → present
2. CONNECT A419/A417 LIMITED 1995-05-04 → 1995-10-12
3. HACKREMCO (NO.1014) LIMITED 1995-03-07 → 1995-05-04

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the DBFO contract is coming to an end within 12 months of the signing of these statements, the Company will now be adopting a non-going concern basis for preparation of these financial statements. The effect of this is explained in note 1.”

Significant events

• “After June 2026, the DBFO contract will end once all contractual obligations under the DBFO contract have been met.”
• “After the balance sheet date, the Company's shareholders entered into an agreement to provide equity funding to the Company, to the extent required to fund the estimated cost of works which are estimated to be in excess of the remaining income as detailed in note 17.”

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

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

  +9.7%

  £17,805,000 → £19,536,000

• Cash

  -1.9%

  £8,483,000 → £8,324,000

• Net assets

  -196.2%

  £2,308,000 → -£2,221,000

• Employees

  —

  Not reported

• Operating profit

  -307.7%

  £2,788,000 → -£5,792,000

• Profit before tax

  -346.3%

  £2,452,000 → -£6,039,000

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