REWARD CAPITAL LIMITED

• ⚠

  Material uncertainty over going concern

  On 20 February 2025, the legacy loans originated by the company (as seller) were sold and the legal title transferred to Reward Finance Group Limited (as buyer). The proceeds were used to repay the deemed loan liability in full. It is the intention of the directors that the company will cease trading and will be wound up in an orderly fashion and that all liabilities will be settled in full. Accordingly, these financial statements have been prepared on a basis of other than going concern which includes, where appropriate, writing down the entity's assets to net realisable value, classifying all assets and liabilities as current and making provisions for any contractual commitments that have become onerous at the end of the reporting period.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 20 February 2025, the legacy loans originated by the company (as seller) were sold and the legal title transferred to Reward Finance Group Limited (as buyer). The proceeds were used to repay the deemed loan liability in full. It is the intention of the directors that the company will cease trading and will be wound up in an orderly fashion and that all liabilities will be settled in full. Accordingly, these financial statements have been prepared on a basis of other than going concern which includes, where appropriate, writing down the entity's assets to net realisable value, classifying all assets and liabilities as current and making provisions for any contractual commitments that have become onerous at the end of the reporting period.”

Significant events

• “The successful completion by the group of a £358.0m institutional capital raise in February 2025, as part of which £72.5m of gross loans receivable were transferred to Reward Finance Group Limited.”
• “On 20 February 2025 the wider group underwent a capital raise as part of which the legacy loans originated by the company (as seller) were sold and the legal title transferred to Reward Finance Group Limited (as buyer), as such the deemed loan with Reward Capital (A) Limited was settled in the year.”
• “Following the group refinance, it is the intention that the company will cease trading and become dormant during the forthcoming financial year ending 28 February 2026.”

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.