KONDOR FINANCE PLC

• ⚠

  Material uncertainty over going concern

  While the financial statements have been prepared on a going concern basis, the directors believe that these conditions indicate the existence of a material uncertainty that may cast significant doubts about the Company'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

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the financial statements have been prepared on a going concern basis, the directors believe that these conditions indicate the existence of a material uncertainty that may cast significant doubts about the Company's ability to continue as a going concern.”

Significant events

• “On 17 July 2019, the Company issued €600,000,000 7.125% Loan Participation Notes due 19 July 2024. On 31 August 2022, the legal maturity date of €600,000,000 7.125% Loan Participation Notes due 19 July 2024 was extended from 19 July 2024 to 19 July 2026.”
• “On 17 July 2024, €42,750,000 7.125% Loan Participation Notes due 19 July 2026 interest was paid. On 19 July 2024, the Company capitalised €94,637,813 7.125% Loan Participation Notes interest due 19 July 2026 as part of deferred interest payable.”
• “On 17 July 2019, the Company issued $335,000,000 7.375% Loan Participation Notes due 19 July 2022. On 7 August 2023, the legal maturity date of $335,000,000 7.375% Loan Participation Notes due 19 July 2022 were extended to 19 July 2025.”
• “On 18 September 2023, $16,750,000 2022 Notes were repaid. On the same date, the 2022 Notes interest increased to 7.650%.”
• “On 19 January 2024, the Company capitalised $12,702,037 7.650% Loan Participation Notes interest due 19 July 2025 and repaid $165,746,018 7.650% Loan Participation Notes due 19 July 2025 and $12,173,063 interest was paid on the 7.650% Loan Participation Notes due 19 July 2025.”
• “On 16 July 2025, the Company repaid the remaining $165,746,018 7.650% Loan Participation Notes due 19 July 2025.”
• “On 8 November 2019, the Company issued $500,000,000 7.625% Loan Participant Notes due 8 November 2026. On 7 August 2023 $500,000,000 7.625% Loan Participant Notes due 8 November 2026 were extended to 8 November 2028.”
• “On 8 May 2024, the Company capitalised $83,799,977 7.625% Loan Participant Notes interest due 8 November 2028 and $19,062,500 interest was paid on the 7.625% Loan Participant Notes due 8 November 2028.”

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

  -10.3%

  £89,098,936 → £79,882,816

• Cash

  +42.8%

  £26,989 → £38,539

• Net assets

  +102.8%

  £40,342 → £81,819

• Employees

  —

  Not reported

• Operating profit

  0%

  £8,895 → £8,895

• Profit before tax

  0%

  £8,895 → £8,895

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