REDCAR BULK TERMINAL LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 in the financial statements, which indicates the uncertainty over the current economic environment, the ongoing and future working capital needs of the company, and the uncertainty of the willingness and ability for further funding to be provided by SSI PCL, given their financial statements also contain an emphasis of matter in respect of a material uncertainty relating to going concern.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 in the financial statements, which indicates the uncertainty over the current economic environment, the ongoing and future working capital needs of the company, and the uncertainty of the willingness and ability for further funding to be provided by SSI PCL, given their financial statements also contain an emphasis of matter in respect of a material uncertainty relating to going concern.”

Significant events

• “RBT has now commenced the significant redevelopment of the port, part of which will see the dated unloaders replaced with new cranes to maintain the port's 18.5Mt capacity.”
• “During 2024 the first stage of the port development, comprising the upgrade works to the quay to facilitate the import of components for the NZT project, commenced.”

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

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.