BIZ FINANCE PLC

• ⚠

  Material uncertainty over going concern

  Material uncertainty related to going concern... operations of Joint Stock Company "State Savings Bank of Ukraine" (or the "Borrower'"), are negatively affected by the ongoing military invasion of Ukraine, with the magnitude of further developments or the timing of their cessation being uncertain. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

1. BIZ FINANCE PLC 2010-04-01 → present
2. SPV SERVICES NO.1 PLC 2010-02-18 → 2010-04-01

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

Grant Thornton

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty related to going concern... operations of Joint Stock Company "State Savings Bank of Ukraine" (or the "Borrower'"), are negatively affected by the ongoing military invasion of Ukraine, with the magnitude of further developments or the timing of their cessation being uncertain. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “Ukrainian conflict: The affirmation of Ukraine's Long-Term Foreign-Currency IDR at 'RD' reflects Fitch's view that a further foreign-currency commercial debt restructuring is probable...”
• “As at 06 December 2024: Fitch Ratings has downgraded Ukraine's Long-Term foreign-currency (LTFC) Issuer Default Rating (IDR) to 'Restricted Default' (RD) from 'C'.”
• “Palestinian conflict: On 7 October 2023, an armed conflict broke out between Israel and Hamas-led Palestinian militants from the Gaza Strip...”
• “The downgrade of Ukraine's LTFC IDR to 'RD' follows the expiration of the 10-day grace period for the 2026 USD750 million Eurobond coupon payment due on 1 August. This marks an event of default under Fitch's criteria...”
• “On 18 July 2024, the Ukrainian parliament approved legislation that allows the government to temporarily suspend payments on state and state-guaranteed external commercial debt until a restructuring agreement with external commercial debt creditors is completed.”
• “On 9 August 2024, the government formally launched a consent solicitation to restructure its outstanding USD19.7 billion sovereign Eurobonds and USD0.7 billion state-guaranteed Ukravtodor bonds.”

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

Filings

6

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

  -19.7%

  £318,069 → £255,404

• Net assets

  0%

  £6,984,770 → £6,984,784

• Employees

  —

  Not reported

• Operating profit

  0%

  £19 → £19

• Profit before tax

  0%

  £19 → £19

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