MIURA SYSTEMS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Group incurred an EBITDA loss during the year and the balance sheet shows net liabilities. Subsequent to the year end, the Group strengthened its financial position through additional equity and loan financing, together with contracted revenues that provide visibility of cash inflows for the next 12 months. On this basis, the Directors consider that the Group and Company will have sufficient working capital to continue trading for at least 12 months from the date of approval of these financial statements.”

Group structure

1. MIURA SYSTEMS LIMITED · parent
   1. Miura Systems, Inc 100% · USA · Sale of electronic payment hardware
   2. Miura Systems K.K. 100% · Japan · Sale of electronic payment hardware

Significant events

• “Subsequent to the year end, the Company repaid its existing $1.4 million loan facility. At the same time, the Company completed a $3.0 million equity raise. The company also entered into a new $3.0 million loan facility. The combined funding provides additional liquidity and will support the completion of development of the Company's new products.”

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

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

0

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

  -25.2%

  £21,275,019 → £15,922,165

• Cash

  -51.1%

  £2,765,011 → £1,351,371

• Net assets

  -150.3%

  £1,547,813 → -£778,354

• Employees

  +15.8%

  38 → 44

• Operating profit

  -624.3%

  -£311,342 → -£2,255,004

• Profit before tax

  -630.7%

  -£311,342 → -£2,275,019

• Wages

  +19.6%

  £3,106,746 → £3,715,345

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