BOATS.COM EUROPE LTD

• ⚠

  Material uncertainty over going concern

  Notwithstanding net current liabilities at the balance sheet date, the Financial Statements have been prepared on a going concern basis. The Directors have considered the working capital cycle of the business and recognise the need for ongoing support from their intermediate parent company, Boats Group Holdings, Inc. Having made enquiries, their intermediate parent company has confirmed in writing their willingness to continue to provide such financial support to the company as necessary to enable it to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of these financial statements.

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Notwithstanding net current liabilities at the balance sheet date, the Financial Statements have been prepared on a going concern basis. The Directors have considered the working capital cycle of the business and recognise the need for ongoing support from their intermediate parent company, Boats Group Holdings, Inc. Having made enquiries, their intermediate parent company has confirmed in writing their willingness to continue to provide such financial support to the company as necessary to enable it to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of these financial statements.”

Significant events

• “The directors are not aware of any other pending significant financial risks.”
• “The directors plan for the company to continue to trade as it has done, with no significant future developments to report.”

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

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

  -41.9%

  £269,264 → £156,348

  lowest in 3 filed years

• Cash

  +62.8%

  £73,783 → £120,133

  highest in 3 filed years

• Net assets

  0%

  -£2,609,758 → -£2,610,067

• Employees

  0%

  2 → 2

• Operating profit

  +118.1%

  £50,385 → £109,894

• Profit before tax

  +99.8%

  -£136,145 → -£309

• Wages

  -92.3%

  £72,587 → £5,586

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