RENAISSANCE CAPITAL LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 to the financial statements, which indicates that there is a material uncertainty as to whether the Company will be a going concern due to the significant impact on their business due to sanctions imposed against Russia. The Company has undergone a restructure to reduce the Company's cost base. As stated in note 2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

MMBA London Ltd

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 to the financial statements, which indicates that there is a material uncertainty as to whether the Company will be a going concern due to the significant impact on their business due to sanctions imposed against Russia. The Company has undergone a restructure to reduce the Company's cost base. As stated in note 2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. RENAISSANCE CAPITAL LIMITED · parent
   1. Renaissance Finance Plc 0.004% · Cyprus · Issue of medium-term notes, loan participation notes, warrants or certificates in series
   2. RCL Nominees Limited 100% · United Kingdom · Nominee holder of clients' securities

Significant events

• “The net loss in 2024 was driven by reduced trading volumes and investment banking fees, as a result of the conflict in Ukraine commencing in 2022 and subsequent economic sanctions against Russia.”
• “The Company also provides investment banking advisory services in equity capital markets and debt capital markets to its corporate clients; however, such activity has significantly reduced since conflict in Ukraine began and was paused completely in late 2024.”

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

Filings

7

last 12 months

Capital events

1

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

  +24.4%

  £7,001,000 → £8,708,000

• Cash

  +382.1%

  £2,992,000 → £14,425,000

• Net assets

  -6.4%

  £16,129,000 → £15,092,000

• Employees

  -35.7%

  14 → 9

• Operating profit

  +85.2%

  -£5,540,000 → -£818,000

• Profit before tax

  +81%

  -£5,458,000 → -£1,037,000

• Wages

  -43.4%

  £2,969,000 → £1,680,000

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