CMS NETWORK (LONDON) LTD

• ⚠

  Material uncertainty over going concern

  On the last day of the financial year ended 26 April 2024, the Directors implemented their decision to cease trading and hive up the business. On that date, the trade of the company together with all related trading assets and liabilities of CMS Network (London) Ltd were transferred to The Delivery Group Limited, a trading subsidiary within the Group. As a result, the Company did not undertake any trading activities during the financial year ended 2 May 2025. Following the transfer of the business, the Company has ceased trading. Accordingly, the Directors have concluded that it is not appropriate to adopt the going concern basis of accounting in the preparation of these financial statements. The financial statements have therefore been prepared on a basis other than going concern. The financial statements do not include any adjustments as a result of preparing them on a basis other than going concern.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On the last day of the financial year ended 26 April 2024, the Directors implemented their decision to cease trading and hive up the business. On that date, the trade of the company together with all related trading assets and liabilities of CMS Network (London) Ltd were transferred to The Delivery Group Limited, a trading subsidiary within the Group. As a result, the Company did not undertake any trading activities during the financial year ended 2 May 2025. Following the transfer of the business, the Company has ceased trading. Accordingly, the Directors have concluded that it is not appropriate to adopt the going concern basis of accounting in the preparation of these financial statements. The financial statements have therefore been prepared on a basis other than going concern. The financial statements do not include any adjustments as a result of preparing them on a basis other than going concern.”

Significant events

• “As part of the Group's ongoing corporate planning, the Group completed a corporate structure simplification exercise whereby all trading activity was consolidated into The Delivery Group Limited (Company number: 04834987) as at 26 April 2024. The Delivery Group Limited now carries out the trade of the whole Group having transferred all assets and liabilities from CMS Network (London) Limited. The Company's principal activity was previously the delivery of mail, parcels and mail consolidation solutions, however the Company as at the current year is now dormant. The Group's ongoing corporate planning, the Group completed a corporate structure simplification exercise in the year which has resulted in a settlement of intercompany debt.”
• “On 29 April 2025, the Company reduced its issued share capital from £250,865 to £1 by cancelling and extinguishing: - 249,999 Ordinary shares of £1.00 each; and - 86,506 'A' Ordinary shares of £0.01 each.”

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

Filings

9

last 12 months

Capital events

2

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.