TERN PLC

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Material uncertainty over going concern

  The Directors acknowledge material uncertainty remains, as continued operations depend on successful fundraising, asset realisations, income from investments, or a combination of all three-factors that are partly beyond the Company's control. If these efforts are unsuccessful, the Company may be forced to sell assets at reduced values or accept unfavourable loan terms. There is no certainty that such funding will be available and/or the terms of such funding. These conditions are necessarily considered to represent a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.

1. TERN PLC 2013-08-16 → present
2. SILVERMERE ENERGY PLC 2011-07-14 → 2013-08-16
3. CHALKWELL INVESTMENTS PLC 2011-06-30 → 2011-07-14
4. SILVERMERE ENERGY PLC 2011-06-10 → 2011-06-30
5. CHALKWELL INVESTMENTS PLC 2010-03-24 → 2011-06-10
6. THE CORE BUSINESS PLC 2006-02-13 → 2010-03-24
7. THE CORE BUSINESS LIMITED 2005-11-25 → 2006-02-13
8. CORE BUSINESS (UK) LIMITED 2004-11-23 → 2005-11-25
9. FOOTBALL KITS LIMITED 2004-05-18 → 2004-11-23

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

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors acknowledge material uncertainty remains, as continued operations depend on successful fundraising, asset realisations, income from investments, or a combination of all three-factors that are partly beyond the Company's control. If these efforts are unsuccessful, the Company may be forced to sell assets at reduced values or accept unfavourable loan terms. There is no certainty that such funding will be available and/or the terms of such funding. These conditions are necessarily considered to represent a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.”

Group structure

1. TERN PLC · parent
   1. Device Authority Limited 25.3% · global leader in Identity and Access Management (IAM) for the Internet of Things (IoT)
   2. FVRVS Limited 10.3% · pioneering platform at the intersection of virtual reality, haptics, and data analytics
   3. Talking Medicines Limited 23.8% · pioneering force in healthcare intelligence powered by Advanced Data Science and Artificial Intelligence
   4. Sure Valley Ventures Enterprise Capital LP 6.1% · UK · leading venture capital fund investing in a diverse range of private UK software companies
   5. DiffusionData Limited 0% · enhances organisations' ability to facilitate real-time communication
   6. Wyld Networks AB 0.6% · Sweden · transform global connectivity by delivering affordable wireless solutions
   7. InVMA Limited

Significant events

• “On 2 January 2025, it was announced that the Company had invested £175,000 of cash in new ordinary shares in Sure Ventures plc.”
• “On 26 February 2025, 19,230,769 new ordinary shares were issued at 1.15p per share for cash as the result of a private placing raising £221,154 before any share issue expenses.”
• “On 8 May 2025, 34,013,989 new ordinary shares were issued at 1p per share for cash as a result of an underwritten Open Offer raising £340,140 before any share issue expenses.”

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

Filings

8

last 12 months

Capital events

8

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -91.3%

  £199,233 → £17,402

• Cash

  +28.4%

  £297,565 → £382,213

• Net assets

  -12.9%

  £12,301,276 → £10,709,135

• Employees

  -25%

  8 → 6

• Operating profit

  +70%

  -£12,689,213 → -£3,802,301

• Profit before tax

  +70.1%

  -£12,608,130 → -£3,772,020

• Wages

  -44.6%

  £773,835 → £429,017

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