ZAG LIMITED

1. ZAG LIMITED 2006-03-09 → present
2. OVAL (2067) LIMITED 2005-10-11 → 2006-03-09

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

Wilder Coe Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company faced a challenging year as key clients cut budgets and incurred exceptional legal and compensation costs. As a result the business reported a loss of £803,869 from continuing operations for 2024. The Company has a net deficit position of £4,997,218 at 31st December 2024. The Company has a loan from one of its shareholders, BBH Communications Limited amounting to £5,563,429 at the balance sheet date, and has received a letter of support from BBH Communications Limited confirming they will not demand repayment of the loan for at least 12 months from the date of the this report. As a consequence, the directors believe that the Company is well placed to manage its business risks successfully. After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. The company is in discussions with external investors for working capital support should the business need access to additional funding.”

Significant events

• “exceptional costs of £650,000 were incurred related to a legal dispute”

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

Filings

4

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

  -37.3%

  £3,546,000 → £2,223,000

• Cash

  —

  Not reported

• Net assets

  -22.4%

  -£4,084,000 → -£4,997,000

• Employees

  -12.5%

  24 → 21

• Operating profit

  -412.1%

  -£157,000 → -£804,000

• Profit before tax

  -269.1%

  -£249,000 → -£919,000

• Wages

  -18.9%

  £2,459,000 → £1,995,000

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