GRAND VISION MEDIA HOLDINGS PLC

• ⚠

  Material uncertainty over going concern

  The Group incurred a loss of HKD6,638k for the year ended 31 December 2024 (2023: loss of HKD3,982k) and was in a net liability position of HKD51,653k as at that date (2023: HKD45,452k). These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.

1. GRAND VISION MEDIA HOLDINGS PLC 2018-06-18 → present
2. SIMIAN GLOBAL PLC 2016-07-29 → 2018-06-18
3. SIMIAN GLOBAL LIMITED 2016-03-21 → 2016-07-29
4. SIMIAN INVESTMENTS LIMITED 2016-02-26 → 2016-03-21

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

IFRS

Reporting scope

Consolidated group

Auditor

Johnsons, Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group incurred a loss of HKD6,638k for the year ended 31 December 2024 (2023: loss of HKD3,982k) and was in a net liability position of HKD51,653k as at that date (2023: HKD45,452k). These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.”

Group structure

1. GRAND VISION MEDIA HOLDINGS PLC · parent
   1. GVC Holdings Ltd 100% · BVI/Hong Kong · Investment holdings
   2. Founding Technology (Int'l) Ltd 70% · Hong Kong · Dormant
   3. Grand Vision Media Limited 100% · Hong Kong · Advertising
   4. Grand Vision Media Network Limited 100% · Hong Kong · 3D panel advertising
   5. Ying Interactive Marketing Services Ltd 55% · Hong Kong · Social Media Marketing
   6. Shanghai Hongshi Culture Media Co., Ltd 100% · PRC · 3D panel advertising

Significant events

• “At 31 December 2024, the Group did not have material non-adjusting events after the report period that have significant impact on the financial position and operation of the Group. Financial support a from shareholder and director, Mr. Jonathan Yat Pang Lo has been arranged in order to fund any emergency liquidity requirements.”

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

  -42.5%

  £563,553 → £324,313

• Cash

  -96.2%

  £27,507 → £1,040

• Net assets

  -13.6%

  -£4,296,315 → -£4,882,459

• Employees

  -26.7%

  15 → 11

• Operating profit

  -67.3%

  -£374,694 → -£626,885

• Profit before tax

  -66.7%

  -£376,395 → -£627,452

• Wages

  -5.8%

  £211,356 → £199,068

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