THALIA MK SPV LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 to the financial statements which explains that in view of the upcoming expiry of the PPP concession, the Directors intend to cease the operations of the Company following fulfilment of the handback provisions under the contract. Whilst the Company has sufficient financial resources to support its operations throughout this period, the Directors, therefore, do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern, as described in note 1.

1. THALIA MK SPV LIMITED 2022-01-05 → present
2. AMEYCESPA (MK) SPV LIMITED 2013-05-21 → 2022-01-05

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 to the financial statements which explains that in view of the upcoming expiry of the PPP concession, the Directors intend to cease the operations of the Company following fulfilment of the handback provisions under the contract. Whilst the Company has sufficient financial resources to support its operations throughout this period, the Directors, therefore, do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern, as described in note 1.”

Significant events

• “Since the reporting date, the Advanced Thermal Treatment (ATT) plant suffered mechanical failure resulting in reduced availability and additional running costs, alongside the associated costs of repair. Management has assessed the financial impact of these events occurring in 2025 and concluded that it will not be material, as revenue losses beyond the initial five-day period and repair costs are recoverable.”

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

Filings

3

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

  -5.5%

  £21,209,000 → £20,051,000

• Cash

  -37.5%

  £1,373,000 → £858,000

• Net assets

  -9.4%

  -£12,760,000 → -£13,958,000

• Employees

  —

  Not reported

• Operating profit

  -1,421.4%

  £56,000 → -£740,000

• Profit before tax

  -110.7%

  -£1,247,000 → -£2,628,000

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