MONTAGU GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  Having considered the preceding factors the directors believe that it is appropriate for the Group and Company's financial statements to be prepared on a going concern basis. However... these give rise to material uncertainties relating to events or conditions that may cast significant doubt on the Group'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

FRS 102

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Having considered the preceding factors the directors believe that it is appropriate for the Group and Company's financial statements to be prepared on a going concern basis. However... these give rise to material uncertainties relating to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. MONTAGU GROUP LIMITED · parent
   1. The Vending People Limited 100% · UK · Independent operator of vending machines
   2. Expresso Plus Limited 100% · UK · Independent operator of vending machines
   3. Nivo Limited 100% · UK · Membership buying group

Significant events

• “In the year ended 30 June 2024 the Group reported a loss before tax from ordinary activities of £2,960,932 (2023: loss of £551,037) and EBITDA after excluding loss on disposal of assets of £199,611 (2023: £2,458,606).”
• “An adjusted EBITDA has been reported to consider adjustments made in-year relating to exceptional staff restructuring costs and additional historic costs.”
• “Considerable operational and corporate restructuring work has been undertaken which will add future safeguards and reduce complexity across the Montagu Group.”
• “In September 2024 a restructuring of the existing principle loan facility, amounting to £4,424,250 was provided by AIB, incorporating a moratorium on capital repayments until March 2026 and a revised two-year term.”
• “In June 2025 credit approval has been confirmed with AIB for revision to the existing principle loan facility on revised terms incorporating a rescheduling of loan interest and capital repayments.”

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

  -7.1%

  £31,470,908 → £29,221,615

• Cash

  -46%

  £1,613,478 → £870,736

• Net assets

  -27.9%

  -£8,814,170 → -£11,273,710

• Employees

  -6.3%

  300 → 281

• Operating profit

  -688.9%

  £311,885 → -£1,836,696

• Profit before tax

  -437.3%

  -£551,037 → -£2,960,932

• Wages

  +0.4%

  £8,910,264 → £8,945,963

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