SOFAR SOUNDS LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-01-15.

• ⚠

  Material uncertainty over going concern

  However, the Directors recognise that the Group and Parent Company remain reliant on the future sales pipeline. The absence of secured additional sales contracts introduces uncertainty into the forecasted cash flows. Therefore, without the successful conversion of pipeline opportunities into contracted revenue, there exists a material uncertainty that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.

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

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Directors recognise that the Group and Parent Company remain reliant on the future sales pipeline. The absence of secured additional sales contracts introduces uncertainty into the forecasted cash flows. Therefore, without the successful conversion of pipeline opportunities into contracted revenue, there exists a material uncertainty that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.”

Group structure

1. SOFAR SOUNDS LIMITED · parent
   1. Sofar Sounds Canada Ltd 100% · Canada
   2. Sofar Sounds Iberia SL 100% · Spain
   3. Sofar Sounds LLC 100% · USA
   4. Seated Inc 100%
   5. Layers Media LLC 80% · USA
   6. Sofar Sounds Pty Ltd 100% · Australia

Significant events

• “In May 2025, the Group disposed of its subsidiary, Seated LLC. The total consideration for the disposal was $4 million, comprising $2 million received on completion and $2 million payable under deferred terms. This is a non-adjusting post balance sheet event for the Group financial statements for the year ended 31 December 2024.”

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

Filings

5

last 12 months

Capital events

5

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.

• Turnover

  -24.9%

  £12,527,875 → £9,409,133

• Cash

  -49%

  £19,691,692 → £10,039,262

• Net assets

  -62.8%

  £17,970,763 → £6,691,317

• Employees

  -20%

  120 → 96

• Operating profit

  +38.5%

  -£18,162,696 → -£11,175,958

• Profit before tax

  +39.3%

  -£17,668,123 → -£10,725,243

• Wages

  -38.7%

  £11,962,930 → £7,328,189

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