NAMECO (NO.378) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to page 17 of the Financial Statements which explains that the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the Financial Statements. Accordingly, the Financial Statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.

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

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to page 17 of the Financial Statements which explains that the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the Financial Statements. Accordingly, the Financial Statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “The Company has ceased to write insurance business in the Lloyd's insurance market as a Lloyd's Corporate Capital Member.”

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.

• Gross written premiums

  -88.4%

  £2,366,965 → £274,280

• Net earned premiums

  -42.9%

  £1,705,154 → £973,311

• Profit before tax

  +291%

  £366,630 → £1,433,641

• Equity

  -1.2%

  £865,460 → £855,042

• Claims incurred

  -49.7%

  £765,087 → £384,813

• Investment return

  -5.7%

  £122,449 → £115,509

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