AEVI UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2.3 in the financial statements, which states that the Company is reliant on financial support from its immediate parent company, AEVI International GmbH, in order to meet its financial obligations as they fall due. This support is dependent on the parent company's ability to execute its business plans and to meet its financial covenants utilising the proceeds of a €8 million convertible loan secured in April 2025 from its existing and new shareholders. The directors believe that the convertible loan will provide the Aevi Group with sufficient liquidity to maintain business activities and meet payment obligations for the next 12 months. As stated in Note 2.3, these events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability 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

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2.3 in the financial statements, which states that the Company is reliant on financial support from its immediate parent company, AEVI International GmbH, in order to meet its financial obligations as they fall due. This support is dependent on the parent company's ability to execute its business plans and to meet its financial covenants utilising the proceeds of a €8 million convertible loan secured in April 2025 from its existing and new shareholders. The directors believe that the convertible loan will provide the Aevi Group with sufficient liquidity to maintain business activities and meet payment obligations for the next 12 months. As stated in Note 2.3, these events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “In the year 2024 AEVI UK's 3rd party revenues decreased to £2.1m (prior year £4.6m). The decline is attributable to Trust Payments and Secure Retail where the parties jointly decided (for operational and commercial reasons) for AEVI to no longer supply these clients with hardware devices which they will not buy directly; the services revenue streams remained stable.”
• “To secure liquidity in 2025, AEVI International GmbH secured a convertible loan from existing and new shareholders for the total amount of €8m.”

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

Filings

2

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.

• Turnover

  -39.8%

  £11,881,000 → £7,150,000

• Cash

  +501.7%

  £178,000 → £1,071,000

• Net assets

  -1,254.5%

  -£22,000 → -£298,000

• Employees

  -28.3%

  60 → 43

• Operating profit

  -176.3%

  £198,000 → -£151,000

• Profit before tax

  -242.3%

  £194,000 → -£276,000

• Wages

  -26.6%

  £5,876,000 → £4,312,000

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