COATSINK SOFTWARE LTD

• ⚠

  Material uncertainty over going concern

  The company's financial plan is largely dependent on successful game launches. Should the game launches not achieve the expected success, the company risks ending up in a situation where additional funding is needed. There are currently no new contracts in place beyond 31 December 2025. Overall, these events and conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company's financial plan is largely dependent on successful game launches. Should the game launches not achieve the expected success, the company risks ending up in a situation where additional funding is needed. There are currently no new contracts in place beyond 31 December 2025. Overall, these events and conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “After the year end, on 24 November 2025, the company initiated a re-structuring program, which is expected to result in redundancies of 50-60 employees and cost savings of around £2m across 2026.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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