ONYX CAPITAL ADVISORY LIMITED

1. ONYX CAPITAL ADVISORY LIMITED 2019-01-16 → present
2. ONYX ADVISORY LIMITED 2018-07-19 → 2019-01-16

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

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The company has made an operating loss for the period of £4,038,182 (2023: £1,682,084 loss) and has accumulated losses as the balance on its profit and loss account of £10,160,842 (2023: £6,148,802 losses). However, at the reporting date, the company has net current assets of £2,837,614 (2023: £1,339,342) and shareholders' funds of £2,875,158 (2023: £1,387,198). The period end cash at bank balance is £3,123,227 (2023: £2,081,685). The company is still considered to be within the early stages of its life cycle and, whilst the company has generated losses to date, the board of directors ('the Board') believe in the business and that the company will become profitable. The group has demonstrated its ongoing commitment to the company by increasing its equity investment in the company in the current and comparative year, by £5.5m and £2.2m respectively. The Board have not prepared detailed cashflows or forecasts for 2025 and beyond. This is on the basis of the inherent uncertainties of forecasting in the company's industry. The Board consider that the company's balance sheet, along with support from its group, provides sufficient evidence that the company is a going concern. The results of the company's Internal Capital Adequacy Risk Assessment ('ICARA') process, as required by the FCA, along with its minimum regulatory capital requirements are considered by the Board in assessing going concern. The Board have no concerns regarding the company's capital adequacy and maintaining the minimum regulatory capital. The main trading company of the group of which the company is a member, has provided a confirmation that should it be necessary, it will support the company in order to ensure that it can meet its liabilities as they fall due, for a minimum of 12 months from the approval of these financial statements. The directors are satisfied that the supporting company has adequate resources to enable it to provide the pledged support to the company.”

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

Filings

8

last 12 months

Capital events

6

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.