MIHS NO.2 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

Consolidated group

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis. The directors have reviewed the Company's business model and financial position, considering ongoing macroeconomic and geopolitical uncertainties, including the conflicts in Ukraine and Gaza, inflationary pressures, post-Brexit conditions, and the legacy of Covid-19. They have also taken into account the current growth stage of the business. Cash flow forecasts have been prepared and stress-tested with various downside scenarios through to June 2026. Based on this analysis, and given current funding and plans, the directors believe the Company has sufficient resources to continue for at least 12 months from the date of approval of these financial statements. Management will continue to monitor forecasts and manage cash flow closely until the business becomes sustainably cash-generative.”

Group structure

1. MIHS NO.2 LIMITED · parent
   1. Goodshape UK Group Limited 100% · United Kingdom · Holding
   2. Goodshape UK Limited 100% · England · Wellbeing software and services
   3. MIHS Group SA 57.5% · Luxembourg · Holding
   4. Remedio International Sarl 100% · Luxembourg · Holding
   5. MIHS Investments SA 68% · Luxembourg · Holding
   6. MIHS Top SA 100% · Luxembourg · Holding
   7. MIHS International SA 100% · Luxembourg · Holding
   8. MIHS Intermediate SA 100% · Luxembourg · Holding

Significant events

• “During the year we closed Remedio Systems Development Ltd (RDSL) and hived the trade and assets up to Goodshape UK Group Limited (GSUKG). The trade and assets were bought at net book value including a receivable balance of £7.2M owing by RDSL to Goodshape UK Ltd (GSUKL) that was purchased at book value less impairment, of £6.8M. GSUKG then also purchased the IP software assets, tangible assets and trade assets for a total of £6.8m from RDSL. It satisfied the purchase by extinguishing £9.6M of amounts owing to the GSUKG group (including the £7.2m) with £2.8M of the receivable balance being impaired as not recoverable. Following the above entries RDSL was struck off - this process completed on 4th March 2025.”

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

  +2.2%

  £6,082,630 → £6,215,254

• Cash

  -78.6%

  £5,502,913 → £1,178,591

• Net assets

  -29%

  -£15,741,420 → -£20,303,092

• Employees

  -46.2%

  173 → 93

• Operating profit

  +68.6%

  -£8,946,485 → -£2,811,181

• Profit before tax

  +52.9%

  -£10,377,701 → -£4,883,976

• Wages

  -32%

  £3,369,727 → £2,292,281

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