FINE ENVIRONMENTAL SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  The Company incurred a profit before tax of £78K (2023: loss £357K) during the year, a net current liability of £4.02M (2023: £4.36M) and net liabilities of £3.69M (2023: £3.76M) as at balance sheet date comprising principally of an amount owed to its fellow company. The Company is therefore dependent on its ultimate parent's support. Although we consider that the statements that are made in note 2 are fair, it is our opinion that the note should also state that 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.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

Auditor

Shinewing Wilson Accountancy Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The Company incurred a profit before tax of £78K (2023: loss £357K) during the year, a net current liability of £4.02M (2023: £4.36M) and net liabilities of £3.69M (2023: £3.76M) as at balance sheet date comprising principally of an amount owed to its fellow company. The Company is therefore dependent on its ultimate parent's support. Although we consider that the statements that are made in note 2 are fair, it is our opinion that the note should also state that 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

• “During the year ended 31 December 2024 the business has recovered and started making profit before tax of £78K (2023: loss before tax £357K). This has been largely contributed by the significant reduction in utility costs and whilst this is also reflected in turnover, overall margin has improved. The business has sustained revenues from external sources and continues to develop relationships, growing a robust and sustainable portfolio customer base.”

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

Filings

2

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

  +30.4%

  £2,450,000 → £3,195,000

• Cash

  +1,757.1%

  £7,000 → £130,000

• Net assets

  —

  Not reported

• Employees

  -12.5%

  8 → 7

• Operating profit

  +122.1%

  -£357,000 → £79,000

• Profit before tax

  +121.8%

  -£357,000 → £78,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers