ACTIVE ENERGY GROUP PLC

• ⚠

  Material uncertainty over going concern

  However, there is no guarantee that further loan note funding will be available or that it will be possible to agree an extension to the loan note redemption date, if required, and it is possible that Zen Ventures and its connected parties might not be able to provide sufficient financial support at such time as the Company might require it. The Board consider that these risks, taken together, represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

1. ACTIVE ENERGY GROUP PLC 2010-07-30 → present
2. CINPART PLC 2007-06-29 → 2010-07-30
3. BUCKLAND GROUP PLC 2002-08-28 → 2007-06-29
4. BUCKLAND INVESTMENTS PLC 1997-09-15 → 2002-08-28
5. DISTANT BROOK PLC 1996-01-19 → 1997-09-15

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

Gravita Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, there is no guarantee that further loan note funding will be available or that it will be possible to agree an extension to the loan note redemption date, if required, and it is possible that Zen Ventures and its connected parties might not be able to provide sufficient financial support at such time as the Company might require it. The Board consider that these risks, taken together, represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “A legal settlement was agreed between the parties in 2024 involving the termination of all previous contractual obligations, the return of all relevant intellectual property belonging to Active Energy and the return of financial contributions previously made by Active Energy to PDI toward the development of the Ashland Reference Facility. We announced the settlement in an RNS on 5th March 2024.”
• “In April 2024, corporate actions were taken for immediate corporate cost cutting as strategic discussions continued. In May 2024 the corporate cost cutting program commenced with the immediate closure of the US operations.”
• “At the end of June 2024, Active Energy failed to publish its accounts, and in accordance with the AIM Rules, the shares were suspended from trading.”
• “On October 31st, 2024, these arrangements were concluded in a formal convertible loan agreement made between Zen Ventures Limited and the Company.”
• “On December 13th, 2024, the audited accounts for FY 2023 were published and trading of the shares resumed on December 18th, 2024.”

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

7

last 24 months

Officers appointed

0

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

  —

  Not reported

• Cash

  -85.8%

  £30,190 → £4,273

• Net assets

  -86.5%

  £2,023,974 → £274,064

• Employees

  0%

  5 → 5

• Operating profit

  +91.7%

  -£22,423,475 → -£1,853,886

• Profit before tax

  +92.1%

  -£23,478,173 → -£1,854,088

• Wages

  -2.1%

  £447,000 → £437,455

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