BLACKBIRD PLC

• ⚠

  Material uncertainty over going concern

  elevate.io is new to market and sales are currently unproven. Therefore, there is the risk that sales could be lower than the Director's forecasts. Recognising this risk, if elevate.io sales were lower than the 2025 budget and 2026 forecast, the Directors have prepared an Action Plan and forecasts with a lower level of sales. The Action Plan includes actions to reduce costs should this be required, including deferring development and reducing overheads costs in an appropriate timescale to reduce the cash requirements in order to ensure the continuity of the business for at least twelve months from the date of approval of the financial statements.

1. BLACKBIRD PLC 2019-05-14 → present
2. FORBIDDEN TECHNOLOGIES PLC 1998-05-01 → 2019-05-14
3. DOUBLEPOWER LIMITED 1998-02-10 → 1998-05-01

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

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“elevate.io is new to market and sales are currently unproven. Therefore, there is the risk that sales could be lower than the Director's forecasts. Recognising this risk, if elevate.io sales were lower than the 2025 budget and 2026 forecast, the Directors have prepared an Action Plan and forecasts with a lower level of sales. The Action Plan includes actions to reduce costs should this be required, including deferring development and reducing overheads costs in an appropriate timescale to reduce the cash requirements in order to ensure the continuity of the business for at least twelve months from the date of approval of the financial statements.”

Significant events

• “The elevate.io payment gateway went live on 11 February 2025 which will provide revenues for the platform for the first time. This is an important milestone in the growth of the product.”
• “2024 marked a year of significant progress for elevate.io, which officially launched in March 2024.”
• “In September 2024, we initiated our first marketing campaigns, yielding valuable insights into customer acquisition and usage.”
• “On February 11 2025, we very proudly successfully introduced the first payment tier, Creator and we now have paying customers from the whole world.”

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

3

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

  -17%

  £1,937,481 → £1,607,673

• Cash

  -20.5%

  £3,979,265 → £3,162,581

  lowest in 3 filed years

• Net assets

  -14.2%

  £8,795,389 → £7,545,284

• Employees

  -12.2%

  41 → 36

• Operating profit

  +8.5%

  -£2,927,399 → -£2,677,666

• Profit before tax

  +7.1%

  -£2,601,990 → -£2,417,738

• Wages

  -3.2%

  £3,624,747 → £3,509,519

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