AMPLIFI CAPITAL (U.K.) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in the financial statements which indicates that the company is reliant on two significant undertakings for a significant proportion of its revenue. Since the year end, these significant undertakings have reported losses in their financial year ended 30 September 2024, which has resulted in a reduction in loan originations in the credit unions and therefore fee income earned by the company over the period. These events or conditiors, along with the other matters as set out in note 1.2, indicate that a material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. AMPLIFI CAPITAL (U.K.) LIMITED 2015-04-10 → present
2. ADVANCED MERCHANT PAYMENTS (U.K.) LIMITED 2013-08-07 → 2015-04-10

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HW Fisher Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in the financial statements which indicates that the company is reliant on two significant undertakings for a significant proportion of its revenue. Since the year end, these significant undertakings have reported losses in their financial year ended 30 September 2024, which has resulted in a reduction in loan originations in the credit unions and therefore fee income earned by the company over the period. These events or conditiors, along with the other matters as set out in note 1.2, indicate that a material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. AMPLIFI CAPITAL (U.K.) LIMITED · parent
   1. Brent Shrine Credit Union Limited 72% · England and Wales · Credit Union
   2. North Edinburgh and Castle Credit Union Limited 82% · Scotland · Credit Union

Significant events

• “Following the year end, the Company has drawn down £1.5m on the loan facility referred to in Note 17.”
• “Following the year-end, the company has acquired £6,349,738 deferred shares with a coupon rate ranging from 6% to 18.47%.”
• “Following the year-end the company have increased the subordinated note investment in a company under common control by £7,100,000.”
• “Following the year-end, the £600,000 subordinated investment was redeemed.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -55.8%

  £4,201,469 → £1,858,080

• Net assets

  -14.3%

  £6,666,041 → £5,714,333

• Employees

  +115.1%

  73 → 157

  highest in 3 filed years

• Profit before tax

  -101.8%

  £5,532,806 → -£98,728

• Wages

  +97.3%

  £4,498,492 → £8,874,011

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