THE HOWLETTS WILD ANIMAL TRUST

• ⚠

  Material uncertainty over going concern

  We would draw your attention to the charitable company's consolidated general unrestricted reserves which are a deficit of £498k (2023: deficit £517k) of which total bank loans and overdrafts and other loans amount to £5.1m (2023: £5.4m). At this point in time, the group's bankers have confirmed that the existing banking facilities will be rolled over until 30 June 2026 and this is detailed in note 18 to the financial statements. Due to the rollover period not extending to at least twelve months from when the financial statements are approved this may cast significant doubt on the group's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We would draw your attention to the charitable company's consolidated general unrestricted reserves which are a deficit of £498k (2023: deficit £517k) of which total bank loans and overdrafts and other loans amount to £5.1m (2023: £5.4m). At this point in time, the group's bankers have confirmed that the existing banking facilities will be rolled over until 30 June 2026 and this is detailed in note 18 to the financial statements. Due to the rollover period not extending to at least twelve months from when the financial statements are approved this may cast significant doubt on the group's ability to continue as a going concern.”

Group structure

1. THE HOWLETTS WILD ANIMAL TRUST · parent
   1. Howletts and Port Lympne Estates Limited 100% · England and Wales

Significant events

• “THWAT unfortunately continued to incur exceptional costs relating to the ongoing Charity Commission inquiry and the legal dispute with EAZA.”
• “Our rewilding efforts have gained renewed momentum. Notably, we successfully transferred seven Javan gibbons and three Javan langurs to The Aspinall Foundation's rewilding programme in Indonesia.”

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%

  £24,288,000 → £26,963,000

• Cash

  -97.2%

  £327,000 → £9,000

• Net assets

  +3.7%

  -£517,000 → -£498,000

• Employees

  +2.3%

  400 → 409

• Wages

  +3.7%

  £11,563,000 → £11,996,000

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