FADAAT MEDIA LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Confirmation statement overdue

  Due 2026-04-19.

• ⚠

  Material uncertainty over going concern

  We draw attention to note 3 in the financial statements, which indicates that the group incurred a net loss of £23,706,750 during the year ended 31 December 2023 and the directors' considerations over going concern that the group is reliant on the financial support of its parent company and ultimate beneficial owner in the event that revenue from fellow group companies are not forthcoming. There is no contractual certainty that this financial support will be forthcoming as the letters of support are not legally binding. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Reporting scope

Consolidated group

Auditor

Adam & Roger Limited t/as AFCL Auditors

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 3 in the financial statements, which indicates that the group incurred a net loss of £23,706,750 during the year ended 31 December 2023 and the directors' considerations over going concern that the group is reliant on the financial support of its parent company and ultimate beneficial owner in the event that revenue from fellow group companies are not forthcoming. There is no contractual certainty that this financial support will be forthcoming as the letters of support are not legally binding. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. FADAAT MEDIA LIMITED · parent
   1. Alaraby Television Network Limited 100% · United Kingdom · television media agency
   2. Alaraby Aljadeed Ltd 100% · United Kingdom · news agency
   3. Syrian TV Limited 100% · Tunisia · dormant

Significant events

• “In 2022, the group management made a strategic decision to shift a significant portion of its television operations to Qatar. As a result, the group had disposed of its studio operation in Park Royal and had down sized its premises to be in line with its operational footprint.”
• “Following the pause in printing its newspapers during the pandemic, Fadaat Media restarted its print distribution in 2023. The business is also looking into expanding the print distribution into Europe, in order to grow its readership and network.”
• “In September 2023, the group disposed of its shareholding in One 2 One Research and Polling Ltd (registered in the United Kingdom), together with its subsidiaries One To One For Research and Polling International S.A.R.L and One To One For Research and Polling S.A.R.L (both registered in Tunisia). The group held 100% of the ordinary share capital of the UK entity and 99% of each of the Tunisian entities. The entities were sold to a fellow group company, Rubix Holding LLC. The disposal resulted in a loss of £2,327,471, which has been recognised in the consolidated statement of comprehensive income for the year. This disposal represents a discontinued operation under FRS 102 Section 5.5A.”
• “There are no material events after the reporting period to report.”

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

Filings

9

last 12 months

Capital events

2

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

  -81.2%

  £28,392,525 → £5,349,300

• Cash

  -64.6%

  £2,921,830 → £1,033,293

• Net assets

  -87.4%

  £17,830,339 → £2,250,468

• Employees

  -61.4%

  339 → 131

• Operating profit

  -75.4%

  -£12,152,720 → -£21,311,488

• Profit before tax

  -94.2%

  -£12,179,730 → -£23,657,976

• Wages

  -70.8%

  £14,598,088 → £4,269,767

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