BLUE STAR FIBRES COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors understand that while the letter of support provides evidence that the Company is a going concern the funds are not committed and therefore in theory this support could be withdrawn at any time. The Directors acknowledge that this fact indicates the existence of a material uncertainty that may cast significant doubt over the ability of the Company to continue as a going concern and therefore its ability to realise its assets and settle its liabilities in the ordinary course of business.

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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors understand that while the letter of support provides evidence that the Company is a going concern the funds are not committed and therefore in theory this support could be withdrawn at any time. The Directors acknowledge that this fact indicates the existence of a material uncertainty that may cast significant doubt over the ability of the Company to continue as a going concern and therefore its ability to realise its assets and settle its liabilities in the ordinary course of business.”

Group structure

1. BLUE STAR FIBRES COMPANY LIMITED · parent
   1. Bluestar Fibres Investment Company Limited 100% · Hong Kong

Significant events

• “ground sampling and any associated remediation of the land continued in 2024, in conjunction with the Environment Agency, to allow the future surrender of the remaining PPC Permit with a target for completion by end 2025/26 dependant on sampling results and progression of a 3rd party land sale and an internal land transfer”

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

  —

  Not reported

• Cash

  +156.8%

  £44,000 → £113,000

• Net assets

  -6.6%

  -£233,334,000 → -£248,781,000

• Employees

  0%

  5 → 5

• Operating profit

  +6.3%

  -£1,147,000 → -£1,075,000

• Profit before tax

  -113.9%

  -£7,222,000 → -£15,447,000

• Wages

  -0.8%

  £369,000 → £366,000

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