PROVECTA CAR PLAN LIMITED

• ⚠

  Material uncertainty over going concern

  As mentioned above, during the financial year the final lease contracts completed and will not be replaced as new ones are originated in fellow group companies. The Company has therefore ceased continuous trade. As required by UK accounting standards, the directors have prepared the financial statements on a basis other than going concern. No adjustments arose as a result of ceasing to apply the going concern basis.

1. PROVECTA CAR PLAN LIMITED 1995-09-01 → present
2. IMPROVELINK LIMITED 1995-08-15 → 1995-09-01

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)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As mentioned above, during the financial year the final lease contracts completed and will not be replaced as new ones are originated in fellow group companies. The Company has therefore ceased continuous trade. As required by UK accounting standards, the directors have prepared the financial statements on a basis other than going concern. No adjustments arose as a result of ceasing to apply the going concern basis.”

Significant events

• “The directors intend to continue to run off the company, subject to receiving advice where appropriate on the close down process. The directors intend on liquidating the entity, however do not yet have a clear timeline on when this will occur.”

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

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -81.6%

  £659,000 → £121,000

• Cash

  -60.2%

  £902,000 → £359,000

• Net assets

  +1.6%

  £4,132,000 → £4,199,000

• Employees

  —

  Not reported

• Operating profit

  +40%

  £40,000 → £56,000

• Profit before tax

  +34.6%

  £52,000 → £70,000

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