SECONDMIND LIMITED

• ⚠

  Material uncertainty over going concern

  The most recent cash flow forecasts indicate that, depending on the timing of cash flows, there may be a need for the group to secure some additional funding via existing or new investors... In the absence of a formal agreement being in place at the date of approval of these financial statements and in the unlikely event that the verbally agreed additional funding is not forthcoming, there may be a material uncertainty attached to going concern.

1. SECONDMIND LIMITED 2020-10-04 → present
2. PROWLER.IO LIMITED 2016-01-27 → 2020-10-04

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

Price Bailey LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The most recent cash flow forecasts indicate that, depending on the timing of cash flows, there may be a need for the group to secure some additional funding via existing or new investors... In the absence of a formal agreement being in place at the date of approval of these financial statements and in the unlikely event that the verbally agreed additional funding is not forthcoming, there may be a material uncertainty attached to going concern.”

Group structure

1. SECONDMIND LIMITED · parent
   1. Secondmind Inc 100% · USA
   2. Secondmind Kabushiki Kaisha 100% · Japan

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

Filings

6

last 12 months

Capital events

5

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

  +23.9%

  £3,270,235 → £4,050,555

• Cash

  -46.4%

  £5,156,763 → £2,764,746

• Net assets

  -90.2%

  £3,691,123 → £361,639

• Employees

  +1.9%

  52 → 53

• Operating profit

  -9.3%

  -£4,317,951 → -£4,717,755

• Profit before tax

  +16.4%

  -£5,516,456 → -£4,609,098

• Wages

  +20.8%

  £3,914,390 → £4,728,275

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