INVENIO SYSTEMS LIMITED

• ⚠

  Material uncertainty over going concern

  As a result of the consolidation of operations of Invenio with HWM-Water Limited during the previous year as explained in the strategic report, the only operations remaining in Invenio relate to a single contract. This contract was due to be completed December 2025 however further phases have been added which currently extend the contract to May 2026. During the contract, Invenio is forecasted to generate positive revenue and cashflows and the Company is forecasted to remain profitable. However, on completion of the contract, the remaining assets and liabilities will be transferred to HWM-Water Limited and it is then likely that the Company would be wound down. As the timing of the cessation of the contract is uncertain, the Directors believe that a material uncertainty relating to going concern of Company exists at the time of the signing of the annual report and financial statements. In reaching this conclusion, the Directors have also considered the letter of support the Company received from Halma plc (the ultimate parent company). The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern.

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As a result of the consolidation of operations of Invenio with HWM-Water Limited during the previous year as explained in the strategic report, the only operations remaining in Invenio relate to a single contract. This contract was due to be completed December 2025 however further phases have been added which currently extend the contract to May 2026. During the contract, Invenio is forecasted to generate positive revenue and cashflows and the Company is forecasted to remain profitable. However, on completion of the contract, the remaining assets and liabilities will be transferred to HWM-Water Limited and it is then likely that the Company would be wound down. As the timing of the cessation of the contract is uncertain, the Directors believe that a material uncertainty relating to going concern of Company exists at the time of the signing of the annual report and financial statements. In reaching this conclusion, the Directors have also considered the letter of support the Company received from Halma plc (the ultimate parent company). The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern.”

Significant events

• “There have been no significant events affecting the Company since the year end.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -53.2%

  £1,397,766 → £654,439

• Cash

  —

  Not reported

• Net assets

  -0.6%

  £993,763 → £987,573

• Employees

  -50%

  6 → 3

• Operating profit

  +432.5%

  -£20,469 → £68,051

• Profit before tax

  +1,431.2%

  -£5,644 → £75,133

• Wages

  -14%

  £164,715 → £141,703

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