LABVANTAGE SOLUTIONS LIMITED

Company number

03333308

Status

Active

Incorporation

1997-03-14

Last accounts made up

2025-03-31

Account category

FULL

Primary SIC

62090

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 March 2025, the company had net current assets of £2.8m (2024: net current liabilities of £3.3m) and a loss before tax of £40k (2024: profit £338k) for the year then ended. The financial statements have been prepared on a going concern basis which the Directors consider appropriate for the following reasons. The company meets its day to day working capital requirements from its operational cash flows and trading balances with the group headed by Labvantage Systems Ltd, the parent company. The Directors have prepared cash flow forecasts and performed a going concern assessment which indicates that, taking account of reasonably possible downsides on the company's operations and its financial resources, the company will require additional funds, through funding from its parent company, Labvantage Systems Ltd, to meet its liabilities as they fall due during the period ending 30 September 2026, the going concern assessment period. The downside scenario assumes no third-party revenue and no reduction in operating costs during the assessment period. As a result of the existing transfer pricing agreement where the company's costs are recovered at 7% mark-up, the company is largely dependent on inflows from revenue billed to its group company, Labvantage Solutions Limited, Cyprus, in order to carry out its operations. Labvantage Systems Ltd has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the group, which at 31 March 2025 amounted to £2.7m, during the going concern assessment period. As with any company 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. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “On 29th July 2025, the company changed its registered office address to C/O CSC CLS (UK) LIMITED, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers