EQUIPMAKE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have therefore determined it is appropriate to adopt the going concern basis in preparing the financial statements. However, because there is uncertainty over the Company securing the potentially significant licence agreement and in securing and delivering new business, otherwise securing additional finance within a limited timescale, or the outcome of its strategic review, there remains material uncertainty that may cast doubt on the Company's ability to continue to trade 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

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have therefore determined it is appropriate to adopt the going concern basis in preparing the financial statements. However, because there is uncertainty over the Company securing the potentially significant licence agreement and in securing and delivering new business, otherwise securing additional finance within a limited timescale, or the outcome of its strategic review, there remains material uncertainty that may cast doubt on the Company's ability to continue to trade as a going concern.”

Significant events

• “As announced on 25 October 2024, the parent group conditionally raised approximately £3,000,000 in aggregate (before expenses) through the Placing of 69,999,998 Ordinary Shares at 3 pence per share and a subscription of 29,999,998 Ordinary Shares at 3 pence per Share. Funds were received and shares issued in November 2024.”
• “The parent Company announced on 6 December 2024 that it was a formal review of its strategy to maximise value for its shareholders and other stakeholders. This Strategic Review will cover a range of options with a number of potential outcomes including but not limited to raising additional equity capital from the parent company's existing shareholders and new investors, seeking a strategic partner to support the Group's growth and provide additional balance sheet strength and the sale of the Group or a merger with another public entity.”

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

Filings

6

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

  +59.7%

  £5,053,000 → £8,068,000

  highest in 3 filed years

• Cash

  +139.4%

  £398,000 → £953,000

• Net assets

  -108.1%

  £7,591,000 → -£617,000

  lowest in 6 filed years

• Employees

  +35.4%

  79 → 107

  highest in 6 filed years

• Operating profit

  -114.3%

  -£3,776,000 → -£8,091,000

• Profit before tax

  -113.4%

  -£3,814,000 → -£8,140,000

• Wages

  +42.5%

  £3,188,000 → £4,544,000

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