BD AUTO AND ENERGY LTD.

• ⚠

  Material uncertainty over going concern

  However, as the long-term production and sales plan is based on various assumptions and the availability of financing of costs involved is not 100% guaranteed, management's ability to meet its forecasts is therefore uncertain. This indicates the existence of a material uncertainty which may cast doubt over the Group'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

IFRS

Reporting scope

Consolidated group

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, as the long-term production and sales plan is based on various assumptions and the availability of financing of costs involved is not 100% guaranteed, management's ability to meet its forecasts is therefore uncertain. This indicates the existence of a material uncertainty which may cast doubt over the Group's ability to continue as a going concern.”

Group structure

1. BD AUTO AND ENERGY LTD. · parent
   1. Protean Electric Holdings Ltd 100% · British Virgin Islands
   2. DriveBD Limited 100% · England & Wales
   3. Protean Electric Limited 100% · England & Wales
   4. QED Group Limited 100% · England & Wales
   5. Protean Electric (Tianjin) Co. Ltd 100% · China
   6. Protean Electric (Hong Kong) Ltd 100% · China

Significant events

• “An important step in the Group during 2023 was to launch two products: (i) start serial production of its new in-wheel-technology, and (ii) with the launch of it 'Reborn Electric-Vans' campaign, start production of its commercial-vehicle hybrid/full-electric solutions in the used-van market.”
• “In Q1-2024, the 'Reborn Electric-Icons' has also been launched to cover a new-electric segment.”
• “The existing shareholders invested a further $5m in November 2024 by way of a shareholder loan, and further funding is available when required.”

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

Filings

6

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

  +89.1%

  £4,389,721 → £8,299,985

• Cash

  -33.8%

  £5,568,888 → £3,686,921

• Net assets

  -75.1%

  £9,632,328 → £2,399,543

• Employees

  -3.5%

  115 → 111

• Operating profit

  +11.3%

  -£9,026,832 → -£8,004,556

• Profit before tax

  +40.5%

  -£13,450,003 → -£8,002,649

• Wages

  +27.5%

  £4,792,370 → £6,109,107

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