D-LINK (EUROPE) LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements, the going concern assessment period, which indicates that, in a reasonably possible downside scenario, the Group may require additional funds, through funding from its ultimate parent company, D-Link Corporation, to meet its liabilities as they fall due. D-Link Corporation has indicated its intention to continue to make available such funds as are needed by the Group during the going concern assessment period. As with any Group placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. D-LINK (EUROPE) LIMITED 1995-08-29 → present
2. D-LINK (HOLDINGS) LIMITED 1995-05-30 → 1995-08-29

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 101

Reporting scope

Consolidated group

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements, the going concern assessment period, which indicates that, in a reasonably possible downside scenario, the Group may require additional funds, through funding from its ultimate parent company, D-Link Corporation, to meet its liabilities as they fall due. D-Link Corporation has indicated its intention to continue to make available such funds as are needed by the Group during the going concern assessment period. As with any Group placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Group structure

1. D-LINK (EUROPE) LIMITED · parent
   1. D-Link (Holdings) Ltd 100% · England & Wales · Dormant
   2. D-Link (UK) Ltd 100% · England & Wales · Dormant
   3. D-Link (Deutschland) GmbH 100% · Germany · Sales & Marketing Service
   4. D-Link France SARL 100% · France · Sales & Marketing Service
   5. D-Link AB 100% · Sweden · Sales & Marketing Service
   6. D-Link (Netherlands) BV 100% · Netherlands · Sales & Marketing Service
   7. D-Link Iberia SL 100% · Spain · Sales & Marketing Service
   8. D-Link Mediteraneo SRL 100% · Italy · Sales & Marketing Service
   9. D-Link Polska Sp.Z.o.o.v 100% · Poland · Sales & Marketing Service
   10. D-Link s.r.o 100% · Czechia · Sales & Marketing Service
   11. D-Link (Magyarorszag) Kft 100% · Hungary · Sales & Marketing Service

Significant events

• “Subsequent to the balance sheet date, D-Link (Europe) Ltd. ceased to hold any equity interest in its wholly-owned subsidiary, D-Link Mediteraneo SRL. This change resulted from a capital increase undertaken by the ultimate parent company, D-Link Corporation, in which D-Link (Europe) Ltd. formally waived its subscription rights. As a result, the entire shareholding of D-Link (Europe) Ltd. in D-Link Mediteraneo SRL was extinguished.”
• “D-Link (Europe) Ltd, initiated the process to strike off two dormant subsidiaries, D-Link (UK) Ltd and D-Link (Holdings) Ltd from the UK company register. The strike-off applications were submitted on 7th of August, and the companies are expected to be formally dissolved within two months, subject to confirmation from Companies house.”

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

Filings

12

last 12 months

Capital events

3

last 24 months

Officers appointed

1

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

  -20.4%

  £76,170,000 → £60,629,000

• Cash

  -14.1%

  £6,594,000 → £5,665,000

• Net assets

  -42.9%

  £21,086,000 → £12,048,000

• Employees

  -7.8%

  166 → 153

• Operating profit

  +8.1%

  -£9,946,000 → -£9,136,000

• Profit before tax

  +8%

  -£10,029,000 → -£9,226,000

• Wages

  -8.3%

  £12,091,000 → £11,082,000

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