NEPC HOLDCO LTD

• ⚠

  Material uncertainty over going concern

  Following the disposal of the Company's subsidiary, NEPC Propco Ltd, in December 2023, the Directors have no realistic alternative to continue operation but to cease trading and as such the Directors have adopted the 'other than going concern' basis As a result, assets and liabilities are classified and accounted as current and all assets are written down to their net realisable value The Directors have included a provision for the future liquidation costs within the financial statements

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Following the disposal of the Company's subsidiary, NEPC Propco Ltd, in December 2023, the Directors have no realistic alternative to continue operation but to cease trading and as such the Directors have adopted the 'other than going concern' basis As a result, assets and liabilities are classified and accounted as current and all assets are written down to their net realisable value The Directors have included a provision for the future liquidation costs within the financial statements”

Significant events

• “In February 2025, the Company paid £1,118,573 from the Escrow account to HMRC relating to the VAT matters disclosed in Notes 7 and 8”
• “The Company has also paid out £53,490 from the Escrow account in relation to audit and legal and fees for the sale of NEPC Propco Ltd”
• “On 9 September 2025, the Company has agreed with the buyer of the previously owned subsidiary, to retain £1,500,000 as contingency in the Escrow account and release the remaining balance to the Company including any interest accrued”
• “On 18 June 2025, the Company made a dividend payment of £1,500,000”
• “voluntary disclosures have been submitted with HMRC on 18 June 2024 relating to some due diligence findings identified during the disposal process impacting the subsidiaries, namely NEPC Propco Limited and NEPC Opco Limited”

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

2

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

  —

  Not reported

• Cash

  -82.5%

  £12,434,361 → £2,181,864

• Net assets

  -48.6%

  £19,138,477 → £9,842,832

• Employees

  —

  Not reported

• Operating profit

  -220.9%

  -£43,414 → -£139,315

• Profit before tax

  -99.8%

  £23,656,196 → £53,969

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