NOTTINGDALE RECEIVABLES LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements are prepared on a going concern basis as the directors are satisfied that Nottingdale Receivables Limited (the "Company") has the resources to continue in business for the foreseeable future (which has been taken for a period of twelve months from the date of approval of these financial statements) subject to the material uncertainty as detailed below. Within the Group financial statements, there is a material uncertainty relating to going concern, and the Directors therefore acknowledge that these risks represent a material uncertainty that may cast significant doubt upon 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements are prepared on a going concern basis as the directors are satisfied that Nottingdale Receivables Limited (the "Company") has the resources to continue in business for the foreseeable future (which has been taken for a period of twelve months from the date of approval of these financial statements) subject to the material uncertainty as detailed below. Within the Group financial statements, there is a material uncertainty relating to going concern, and the Directors therefore acknowledge that these risks represent a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern.”

Significant events

• “On 28 March 2024, the Company entered into an account bank agreement with the TMF Trustee Limited and Global Loan Agency Services Limited whereby the issuer account bank, MUFG Bank, was replaced by HSBC Bank plc.”
• “On the same day, the Company entered into a back-up servicing agreement with TalkTalk Telecom Group Limited, TalkTalk Communications Limited, TalkTalk Telecom Limited, Global Loan Agency Services Limited and TMF Trustee Limited whereby Lenvi Servicing Limited (previously known as Equiniti Gateway Limited) was appointed as the Back-Up Servicer.”
• “Amendments to the note terms resulted in the factoring fee increasing from 1.3% to 7% which resulted an increase in the interest income that was effective retrospectively from September 2023.”
• “On 14 May 2024, the Company entered into a deed of amendment pursuant to which certain definitions were amended, the consequence of which was that certain co-mingling fund discrepancies which had been identified were effectively managed by accounting for these in the reporting.”
• “On 5 February 2025, the directors appointed RSM UK Audit LLP as the statutory auditors of the Company for the financial year ending 28 February 2025.”
• “On 11 March 2025, the Company entered into a deed of amendment pursuant to which financial covenants were amended to reflect the Group facility covenants, this includes an EBITDA to net debt leverage test on 31st Aug 2026, and 6-monthly thereafter, plus a minimum liquidity covenant.”
• “On 28 April 2025, the Company entered into a deed of amendment pursuit to which the liquidity covenant was lowered from £15,000,000 to £5,000,000 for the two weeks ending 18th & 25th April 2025, this was a reflection of a further amendment to the TalkTalk Group facility agreements.”

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

  —

  Not reported

• Cash

  +23.1%

  £51,668 → £63,613

• Net assets

  +13.5%

  £6,004 → £6,814

• Employees

  —

  Not reported

• Operating profit

  0%

  £1,000 → £1,000

• Profit before tax

  0%

  £1,000 → £1,000

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