FERREXPO FINANCE PLC

• ⚠

  Material uncertainty over going concern

  As at the date of the approval of these financial statements, the war in Ukraine is still ongoing and the duration is difficult to predict. In addition to the war-related material uncertainty, the Group is also exposed to the risks associated with operating in a dynamic and adverse political landscape in Ukraine, which may or may not exacerbated by the war and/or the current circumstances facing Mr Zhevago, one of the beneficiaries of the Minco Trust (see Note 1 Corporate information for further details).

1. FERREXPO FINANCE PLC 2010-05-06 → present
2. FERREXPO FINANCE LIMITED 2010-05-06 → 2010-05-06
3. FERREXPO UK LIMITED 2003-09-29 → 2010-05-06

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As at the date of the approval of these financial statements, the war in Ukraine is still ongoing and the duration is difficult to predict. In addition to the war-related material uncertainty, the Group is also exposed to the risks associated with operating in a dynamic and adverse political landscape in Ukraine, which may or may not exacerbated by the war and/or the current circumstances facing Mr Zhevago, one of the beneficiaries of the Minco Trust (see Note 1 Corporate information for further details).”

Significant events

• “The loss for the financial year 2024 is primarily caused by the adjustment of the expected credit loss, mainly on the outstanding loan balances owed by Group undertakings in Ukraine.”
• “As at the date of the approval of these financial statements, the war in Ukraine is still ongoing and the duration is difficult to predict.”
• “the ongoing war and the situation in the country, including certain legal proceedings against the Group's major subsidiary in Ukraine, represents a material uncertainty in terms of the Group's ability to continue as a going concern”
• “No material adjusting or non-adjusting events have occurred subsequent to the year-end directly affecting the Company. However, there have been a number of events after the reporting period in relation to one of the Group's subsidiaries in Ukraine that have or could have an impact on the Group's operations and cash flow generation in future periods and, as a result, could also affect the Company.”

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

  +13.2%

  £27,775,389 → £31,432,172

• Cash

  -19.4%

  £424,759 → £342,476

• Net assets

  -6.5%

  £31,712,380 → £29,666,420

• Employees

  0%

  4 → 4

• Operating profit

  -201.2%

  £2,931,801 → -£2,967,383

• Profit before tax

  -123.3%

  £4,959,970 → -£1,153,447

• Wages

  +1.2%

  £1,340,252 → £1,356,560

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