RECAP MANAGER LIMITED

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

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that the Company will continue its operations for the foreseeable future. An assessment was carried out by management regarding the going concem status. The Directors believe that the Company is well placed to manage its business risks successfully and have a reasonable expectation that the Company has sufficient resources to continue operating for the foreseeable future. Therefore, they continue to adopt the going concem basis in preparing the financial statements. Additionally, management have considered the fact that current and total labilities are in excess of current and total assets, which is primarily due to amounts owed to two principal Group undertakings totalling £2,596k. The Company has received confirmation from the two Group affiliates that they will not recall their funding, to the detriment of the Company, for at least 12 months post the audit report date.”

Significant events

• “On 31 March 2023, Maritech Services Limited acquired 100% of the share capital of Recap Manager Limited for total consideration of £1 deemed paid.”

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

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +107.9%

  £813,390 → £1,691,195

• Cash

  +276.7%

  £572,728 → £2,157,692

• Net assets

  +21.9%

  -£440,636 → -£344,044

• Employees

  -40%

  5 → 3

• Profit before tax

  +214.1%

  £41,655 → £130,825

• Wages

  -9%

  £323,115 → £294,031

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