CONNECT M1-A1 HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The Group is showing net assets and recording a loss in the year due to an impairment of the tangible assets. As the DBFO contract is coming to an end within 12 months from the signing of these statements, the Group will now be adopting a non-going concern basis for the preparation of these financial statements.

1. CONNECT M1-A1 HOLDINGS LIMITED 2004-06-02 → present
2. YORKSHIRE LINK (HOLDINGS) LIMITED 1995-05-26 → 2004-06-02
3. ALNERY NO. 1460 LIMITED 1995-05-22 → 1995-05-26

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group is showing net assets and recording a loss in the year due to an impairment of the tangible assets. As the DBFO contract is coming to an end within 12 months from the signing of these statements, the Group will now be adopting a non-going concern basis for the preparation of these financial statements.”

Group structure

1. CONNECT M1-A1 HOLDINGS LIMITED · parent
   1. Connect M1-A1 Limited 100% · UK · PFI concession company

Significant events

• “The Directors expect the general level of activity to continue at current levels until the end of the DBFO contract in March 2026. Since the Company and Group are in their final year of trading, the remaining non current assets are reclassified to current assets. After March 2026, the Company and Group will begin to wind up, once all contractual obligations under the DBFO contract have been met.”
• “The Directors declared and paid dividends of £20,371k (2024: £7,649k).”
• “In previous years, the financial statements have been prepared on a going concern basis. However, as the DBFO contract concludes in March 2026, the Group will cease trading and all assets and liabilities will be settled. Therefore the Directors have not prepared the financial statements on a going concern basis. The effect of this is explained in note 1.”

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

  +37.2%

  £46,039,000 → £63,180,000

• Cash

  +125.6%

  £5,787,000 → £13,053,000

• Net assets

  -81.7%

  £29,159,000 → £5,339,000

• Employees

  —

  Not reported

• Operating profit

  -253.6%

  £2,632,000 → -£4,044,000

• Profit before tax

  -336%

  £1,912,000 → -£4,513,000

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