INCUBEX LTD

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  Notwithstanding net current liabilities of £10m, and continued operating losses and operating cash outflows, the directors consider that it is appropriate to prepare the financial statements on a going concern basis due to the continued financial support of its parent and related entities. However, the directors recognise that such support is dependent on the parent entity successfully completing further fundraising to support further forecast operating losses. These circumstances represent a material uncertainty that may cast doubt on the company to continue as a going concern (refer to note 2.2 for further information).

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

KPMG Audit LLC

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Notwithstanding net current liabilities of £10m, and continued operating losses and operating cash outflows, the directors consider that it is appropriate to prepare the financial statements on a going concern basis due to the continued financial support of its parent and related entities. However, the directors recognise that such support is dependent on the parent entity successfully completing further fundraising to support further forecast operating losses. These circumstances represent a material uncertainty that may cast doubt on the company to continue as a going concern (refer to note 2.2 for further information).”

Significant events

• “There are no significant subsequent events that would require disclosure within these Financial Statements.”

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

Filings

3

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

  +106.7%

  £81,310 → £168,068

• Cash

  +11.1%

  £63,964 → £71,035

• Net assets

  -35.3%

  -£7,374,003 → -£9,974,728

• Employees

  +8.3%

  12 → 13

• Operating profit

  -6.2%

  -£2,234,467 → -£2,371,935

• Profit before tax

  -9.1%

  -£2,394,868 → -£2,613,271

• Wages

  +5.7%

  £1,447,868 → £1,530,593

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