XEROS TECHNOLOGY GROUP PLC

• ⚠

  Material uncertainty over going concern

  While the Group actively manages key customer stakeholders where appropriate, the revenue anticipated to allow the Group to reach cash breakeven anticipated to be generated by these contracts is reliant on the actions of third parties and there remains risk that progress is not forthcoming in the timeframes anticipated by the Directors. As a result of uncertainties over the timing of commercialisation, the Directors consider there be a material uncertainty over the going concern status of the Group.

1. XEROS TECHNOLOGY GROUP PLC 2014-03-18 → present
2. XEROS TECHNOLOGY GROUP LIMITED 2014-03-18 → 2014-03-18
3. HAMSARD 3323 LIMITED 2013-09-10 → 2014-03-18

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the Group actively manages key customer stakeholders where appropriate, the revenue anticipated to allow the Group to reach cash breakeven anticipated to be generated by these contracts is reliant on the actions of third parties and there remains risk that progress is not forthcoming in the timeframes anticipated by the Directors. As a result of uncertainties over the timing of commercialisation, the Directors consider there be a material uncertainty over the going concern status of the Group.”

Group structure

1. XEROS TECHNOLOGY GROUP PLC · parent
   1. Xeros Limited 100% · England and Wales · Research, development and commercialisation of polymer technology alternatives to traditional aqueous based technologies

Significant events

• “During 2024 we raised £6.3m before fees of additional working capital from a warrant exercise and fundraise to support the Group through to breakeven.”
• “During 2024 we signed a hugely significant contract with Donlim Group ("Donlim"), the World's largest small domestic appliance manufacturer, to manufacture our XF3 External Filter under licence.”
• “Russell Hobbs has been named as the first brand partner for the pilot production of the XF3.”
• “Our licence agreement with IFB also took a huge step forward with the 9kg washing machine achieving positive feedback from its consumer trials ahead of launch.”
• “IFB recently placed a purchase order for XOrbs which provides more confidence than ever that the machines will be going into production ahead of a retail launch later this year.”
• “Yilmak Makina / KRM ("Yilmak"), launch a machine at ITM, the leading garment manufacturing show... Yilmak have placed a Purchase Order for initial XOrb requirement.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -45.8%

  £297,000 → £161,000

• Cash

  +75.7%

  £1,595,000 → £2,803,000

• Net assets

  +94.4%

  £1,604,000 → £3,118,000

• Employees

  -9.4%

  32 → 29

• Operating profit

  +1%

  -£4,737,000 → -£4,691,000

• Profit before tax

  +2.2%

  -£4,775,000 → -£4,668,000

• Wages

  -10.6%

  £2,246,000 → £2,007,000

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