EQUITIX ENERGY EFFICIENCY NO.1 LTD

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  Material uncertainty over going concern

  The Directors have considered the appropriateness of the use of the going concern basis in the preparation of these financial statements. On the 25 April 2023, the Limited Partnership expired as per the Fund's current LPA terms, and the Fund may have no realistic alternative but to cease its principal activity following the settlement of the remaining investment portfolio. The Directors have reasonable expectation that the Company has adequate resources to continue to meet its ongoing annual operating expenses up until a liquidation of the Fund can be completed and the Company wound up. Based on this, the Directors deem the use of a basis other than going concern in preparing these financial statements to be appropriate.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have considered the appropriateness of the use of the going concern basis in the preparation of these financial statements. On the 25 April 2023, the Limited Partnership expired as per the Fund's current LPA terms, and the Fund may have no realistic alternative but to cease its principal activity following the settlement of the remaining investment portfolio. The Directors have reasonable expectation that the Company has adequate resources to continue to meet its ongoing annual operating expenses up until a liquidation of the Fund can be completed and the Company wound up. Based on this, the Directors deem the use of a basis other than going concern in preparing these financial statements to be appropriate.”

Significant events

• “In the normal course of business, the Company may be subject to matters of litigation or dispute. While there can be no assurances, the Directors currently believe, based on the information available to them, that there is no such matter currently involving the Company where it is probable that the matter will have a material adverse effect on the financial condition of the Company.”
• “On 16th June 2025 Tetragon Financial Group Limited, the Company's ultimate parent, announced that Hunter Point Capital, or HPC, an independent investment firm providing capital solutions and strategic support to alternative asset managers, had agreed to acquire a minority stake in the Equitix Group. HPC will acquire 16.1% stake in Pace TopCo Ltd at an implied enterprise value of £1.3 billion excluding net debt. HPC's stake will be acquired from existing shareholders: approximately 14.6% from Tetragon Financial Group and 1.5% from Equitix management.”

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

Filings

2

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.