TOXARIS LIMITED

• ⚠

  Material uncertainty over going concern

  The Company is reliant on the financial support of its ultimate parent company, Thrasio Holdings, Inc. ... these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company is reliant on the financial support of its ultimate parent company, Thrasio Holdings, Inc. ... these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “On 28 February 2024, the ultimate parent company, Thrasio Holdings, Inc., entered into a Restructuring Support Agreement ... and initiated a pre-arranged court-supervised Chapter 11 process in the U.S. Bankruptcy Court for the District of New Jersey. Thrasio UK Holdings, and its UK subsidiary companies, are included in this Restructuring Support Agreement.”
• “Thrasio Holdings, Inc. and the wider group, continued to operate its business normally ... and emerged from the bankruptcy process on 18 June 2024. Thrasio Holdings, Inc. has received $90 million in new financing from certain of its lenders.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -47.2%

  £13,511,030 → £7,139,476

• Cash

  -63.1%

  £218,233 → £80,450

• Net assets

  -29.9%

  -£29,927,844 → -£38,882,042

  lowest in 4 filed years

• Employees

  0%

  1 → 1

• Profit before tax

  -19%

  -£7,527,274 → -£8,954,198

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers