SOHONET LIMITED

• ⚠

  Material uncertainty over going concern

  In considering the ability of the Company to continue as a going concern, the directors have considered the future cashflows and performance of the Company. The Company is subject to a number of risks, including those as set out in the strategic report on pages 1 to 3. These risks include the global macro-economic conditions and more specific risks associated with the media and entertainment industry served by the Company and the environment in which it operates. The going concern assessment, as carried out by the directors, has taken the impact of these into account as far as possible. The going concern assessment covers the period of March 2026 to March 2027, and the directors consider the company to be able to operate as a going concern over that period. However, as disclosed in note 23 and 24, the company has given a cross guarantee over the bank loans of the company's ultimate parent company, Eudoros Bidco Limited. Subsequent to the year end, Eudoros Bidco Limited is in technical breach of its lender covenants, although no event of default has been declared by the lender. The directors of Eudoros Bidco Limited are in constructive dialogue with the Group's lender and shareholders to agree on a future financing structure for the Group going forward. These discussions are well progressed but as at the date of signing these financial statements no agreement has been signed. As a consequence of this situation, the directors of the Company have identified that this indicates the existence of a material uncertainty which may cast significant doubt over the ability of the company to continue as a going concern and therefore, it may be unable to realise its assets and discharge its liabilities in the ordinary course of business. The directors of the company expect that the discussions of the Group's future financing structure to be concluded successfully. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In considering the ability of the Company to continue as a going concern, the directors have considered the future cashflows and performance of the Company. The Company is subject to a number of risks, including those as set out in the strategic report on pages 1 to 3. These risks include the global macro-economic conditions and more specific risks associated with the media and entertainment industry served by the Company and the environment in which it operates. The going concern assessment, as carried out by the directors, has taken the impact of these into account as far as possible. The going concern assessment covers the period of March 2026 to March 2027, and the directors consider the company to be able to operate as a going concern over that period. However, as disclosed in note 23 and 24, the company has given a cross guarantee over the bank loans of the company's ultimate parent company, Eudoros Bidco Limited. Subsequent to the year end, Eudoros Bidco Limited is in technical breach of its lender covenants, although no event of default has been declared by the lender. The directors of Eudoros Bidco Limited are in constructive dialogue with the Group's lender and shareholders to agree on a future financing structure for the Group going forward. These discussions are well progressed but as at the date of signing these financial statements no agreement has been signed. As a consequence of this situation, the directors of the Company have identified that this indicates the existence of a material uncertainty which may cast significant doubt over the ability of the company to continue as a going concern and therefore, it may be unable to realise its assets and discharge its liabilities in the ordinary course of business. The directors of the company expect that the discussions of the Group's future financing structure to be concluded successfully. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.”

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

0

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

  -6.8%

  £11,766,406 → £10,964,978

• Cash

  +12.1%

  £851,055 → £954,050

• Net assets

  -24.8%

  -£2,784,681 → -£3,476,056

• Employees

  0%

  86 → 86

• Operating profit

  -33.2%

  -£430,335 → -£573,257

• Profit before tax

  +4.4%

  -£1,110,740 → -£1,062,196

• Wages

  +20%

  £4,300,955 → £5,162,480

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