SIFT LIMITED

• ⚠

  Material uncertainty over going concern

  Notwithstanding that during the year ended 31 December 2024, the group incurred a net loss of £475,446 and as at the year end date, the group's current liabilities exceeded its current assets by £984,805 and the company's net current liabilities exceeded its current assets by £1,737,802, the financial statements have been prepared on the going concern basis which the directors believe to be appropriate for the following reasons: ... Based on the above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. However, the above matters represent a material uncertainty that may cast a significant doubt on the company's ability to continue as a going concern and therefore to continue to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SIFT LIMITED 2009-06-27 → present
2. SIFT GROUP LIMITED 1999-12-17 → 2009-06-27
3. SIFT PLC 1996-07-26 → 1999-12-17

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 §1A

Reporting scope

Consolidated group

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Notwithstanding that during the year ended 31 December 2024, the group incurred a net loss of £475,446 and as at the year end date, the group's current liabilities exceeded its current assets by £984,805 and the company's net current liabilities exceeded its current assets by £1,737,802, the financial statements have been prepared on the going concern basis which the directors believe to be appropriate for the following reasons: ... Based on the above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. However, the above matters represent a material uncertainty that may cast a significant doubt on the company's ability to continue as a going concern and therefore to continue to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.”

Group structure

1. SIFT LIMITED · parent
   1. Sift Media Limited 1% · Online publishing
   2. PracticeWEB Limited 1% · Dormant
   3. UK Directories Limited 1% · Dormant
   4. Sift Media (US) 1% · Online publishing
   5. Sift (Business) Limited 1% · Online publishing
   6. AccountingWEB Limited 1% · Dormant

Significant events

• “At the end of 2023 Sift divested three non-core brands, with a consequent loss of revenue in 2024.”
• “Following the divestments the company hived up Sift Media Limited and Sift (Business) Limited to Sift Limited, and undertook an assessment of all outstanding goodwill, which resulted in a one-off impairment charge. There were also some exceptional costs in 2024 related to the restructuring of the business.”
• “In March 2024 our flagship Finance, Accounting and Bookkeeping event (FAB) moved to its new home at the NEC, introducing an innovative new format and experience for both vendors and visitors alike.”
• “The trading activities of Sift Media Limited and Sift (Business) Limited were hived up to Sift Limited on 1 January 2024. Following this group re-organisation and the strategic reset on the group, the directors determined that the above goodwill should be impaired in full.”

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

Filings

8

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

  —

  Not reported

• Cash

  +6,407.5%

  £1,221 → £79,456

• Net assets

  -48.9%

  -£973,359 → -£1,448,869

  lowest in 6 filed years

• Employees

  -33.3%

  63 → 42

  lowest in 6 filed years

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