BYWEST LIMITED

• ⚠

  Material uncertainty over going concern

  The Event of Default indicates a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. We draw attention to Note 1.2 in the financial statements, which indicates that an Event of Default has occurred and the Facility Agent has the right to full repayment of outstanding borrowings.

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

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Event of Default indicates a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. We draw attention to Note 1.2 in the financial statements, which indicates that an Event of Default has occurred and the Facility Agent has the right to full repayment of outstanding borrowings.”

Significant events

• “The Company has breached 'Other Obligations' of the Facilities Agreement ("FA") in relation to obtaining the consent of the Majority Banks prior to entering into Indemnity Letters and Formal Variation Documents with the Trust, resulting in a technical Event of Default (EoD).”

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

Filings

3

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

  +11.6%

  £25,687,000 → £28,675,000

• Cash

  -4.3%

  £5,265,000 → £5,038,000

• Net assets

  +31.9%

  £7,096,000 → £9,360,000

• Employees

  —

  Not reported

• Operating profit

  +8.9%

  £3,728,000 → £4,059,000

• Profit before tax

  +13.8%

  £3,361,000 → £3,824,000

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