NICOVATIONS LIMITED

• ⚠

  Material uncertainty over going concern

  In 2020 financial year the Company received information that its lease counterparty had entered into administration. This affected the continuance of the Company's lease arrangement. Therefore, the Directors have not prepared the financial statements on a going concern basis. The effect of this is explained in note 1. In financial year 2020, the Company had received information that the counterparty for the lease arrangements (the "First Counterparty") had entered administration. The rental income from the other lease arrangement was dependent on certain other amounts being received from the First Counterparty. The administrators have confirmed that the lease arrangement with the First Counterparty has been terminated and as a result, the Company took possession of the assets that were subject to the agreement and partially sold in 2023. Accordingly, the Directors believe that they may have no alternative but to cease trading and have not prepared the financial statements on a going concern basis.

1. NICOVATIONS LIMITED 2017-08-16 → present
2. NICOVENTURES LIMITED 2017-07-03 → 2017-08-16
3. NICOVATIONS LIMITED 2014-10-29 → 2017-07-03
4. NICOVENTURES LIMITED 2010-10-19 → 2014-10-29

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

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In 2020 financial year the Company received information that its lease counterparty had entered into administration. This affected the continuance of the Company's lease arrangement. Therefore, the Directors have not prepared the financial statements on a going concern basis. The effect of this is explained in note 1. In financial year 2020, the Company had received information that the counterparty for the lease arrangements (the "First Counterparty") had entered administration. The rental income from the other lease arrangement was dependent on certain other amounts being received from the First Counterparty. The administrators have confirmed that the lease arrangement with the First Counterparty has been terminated and as a result, the Company took possession of the assets that were subject to the agreement and partially sold in 2023. Accordingly, the Directors believe that they may have no alternative but to cease trading and have not prepared the financial statements on a going concern basis.”

Significant events

• “On 26 February 2025, the Company entered into an agreement to sell its HSFL filling line (machinery as part of tangible assets) to Bespak HC Limited which has a £nil book value. The sale of the machinery took place in July 2025 with an estimated net gain of £1.3 million from the transaction.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +4.9%

  £10,390,000 → £10,902,000

• Employees

  —

  Not reported

• Profit before tax

  +75.8%

  £293,000 → £515,000

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