HONOURS PLC

1. HONOURS PLC 1999-03-10 → present
2. HONOURS LIMITED 1999-03-05 → 1999-03-10
3. AMBERPAPER LIMITED 1999-01-27 → 1999-03-05

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are of the opinion that the Company will generate sufficient cash to operate under the terms of the securitisation and has adequate resources to continue in operational existence over the forecast period. The final repayment date for the Series 2 Loan Notes is April 2029 and the Company will require an orderly winddown following this date. Unpaid amounts due on the Notes are discharged in full due to the limited recourse nature of the Company's borrowings. The Directors continue to adopt the going concern basis.”

Significant events

• “A settlement agreement between the Company and Capita (which was the previous servicer) was entered into on 7 December 2017, with Capita pledging £8,000,000 to fund settlements with customers and reimbursement of related advisory costs.”
• “On 2 December 2019, a regulatory news service ("RNS") announcement to the London Stock Exchange confirmed that the Company had remediated customers by £3,100,000 split between actual cash payments and balance reductions for those affected by non-compliance with the CCA with £1,000,000 pledged for costs incurred before 31 March 2019 and £1,500,000 for costs relating to the remediation plan.”

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

Filings

2

last 12 months

Capital events

0

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

  -27.9%

  £7,434,000 → £5,363,000

• Net assets

  -6.3%

  -£13,884,000 → -£14,763,000

• Employees

  —

  Not reported

• Operating profit

  +43.4%

  -£2,087,000 → -£1,181,000

• Profit before tax

  +50.7%

  -£1,783,000 → -£879,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers