ENVISICS HOLDINGS LTD

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  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

1. ENVISICS HOLDINGS LTD 2018-08-01 → present
2. DHG HOLDINGS LTD 2016-01-19 → 2018-08-01

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 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The UK Group has received a letter of support from its ultimate parent company, Envisics, Inc This letter confirms that Envisics, Inc. will provide the financial and other necessary support to enable the Company to continue trading and to meet its liabilities as they fall due, for a period of at least twelve months from the date of signing these financial statements (the "Penod"). Envisics, Inc. received additional funding during the year from investors, the terms are as disclosed in the Events After the Reporting Date note, and has the ongoing support of its investors. Accordingly, the directors believe that the ultimate parent company has sufficient financial resources to support the cash flow requirements of the Company and its subsidiaries for a period of at least twelve months from the date of signing of these financial statements. Having made appropriate enquiries and reviewed the Company's forecasts, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements. As such, the directors consider it appropriate to prepare the financial statements on a going concern basis”

Group structure

1. ENVISICS HOLDINGS LTD · parent
   1. Envisics Ltd 100% · England & Wales
   2. Envisics GmbH 100% · Germany

Significant events

• “Mass production commenced in early 2025 and Envisics's lead product is now in vehicle, delivering advanced holographic-based information to drivers of Cadillac's Lyriq and Vistiq vehicles.”
• “In May 2025, convertible promissory notes totalling $12m were issued by Envisics, Inc, with interest accruing at 10% p.a. on the principal balance. The notes are repayable on the maturity date, being the earlier of 31 December 2026 and certain qualifying events. The terms of these qualifying events have not been publicly disclosed.”

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

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

  +68.6%

  £1,112,000 → £1,875,000

• Cash

  -90.1%

  £31,979,000 → £3,167,000

• Net assets

  -50.4%

  £33,522,000 → £16,638,000

• Employees

  +14.3%

  84 → 96

• Operating profit

  +13.5%

  -£31,066,000 → -£26,860,000

• Profit before tax

  +13.5%

  -£30,275,000 → -£26,201,000

• Wages

  +9%

  £7,840,000 → £8,544,000

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