AVANTA MANAGED OFFICES LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have concluded that these circumstances represent a material uncertainty which casts significant doubt upon the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. Nevertheless, after making enquiries, the directors have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the annual report and financial statements.

1. AVANTA MANAGED OFFICES LIMITED 2008-04-02 → present
2. AMOL UK LTD 2005-11-09 → 2008-04-02
3. AVANTA HAMMERSMITH LIMITED 2005-07-06 → 2005-11-09
4. PHONEFLIGHT LIMITED 2005-03-14 → 2005-07-06

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

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have concluded that these circumstances represent a material uncertainty which casts significant doubt upon the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. Nevertheless, after making enquiries, the directors have formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “On 15 December 2023, the IWG group undertook a number of steps to affect the simplification of various intragroup loan balances, with the Company receiving a capital contribution relating to the assignment of the Company's intercompany loan payable. The holder of the intercompany loan, another International Workplace Group plc group company, contributed the loan to the Company, by way of assignment and without any consideration, including extinguishing the loan.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -8.9%

  £2,687,000 → £2,449,000

• Cash

  —

  Not reported

• Net assets

  +45.7%

  -£936,000 → -£508,000

• Employees

  —

  Not reported

• Operating profit

  +153.3%

  -£917,000 → £489,000

• Profit before tax

  +126%

  -£1,646,000 → £428,000

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