RI SPRUCEFIELD (UK162) LIMITED

• ⚠

  Material uncertainty over going concern

  Having considered these circumstances, the Directors consider there is uncertainty related to events or conditions that may cast doubt on the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. However, at this time, these circumstances are not anticipated, and the directors' have reasonable expectation that, through discussions with the lenders, they will either be able to extend the existing facility or the Company will have been sold and the loan repaid in full. For these reasons, they continue to prepare the financial statements on a going concern basis.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. RI SPRUCEFIELD (UK162) LIMITED 2025-11-27 → present
2. NEWRIVER (SPRUCEFIELD) LIMITED 2019-11-19 → 2025-11-27

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

Forvis Mazars

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Having considered these circumstances, the Directors consider there is uncertainty related to events or conditions that may cast doubt on the Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. However, at this time, these circumstances are not anticipated, and the directors' have reasonable expectation that, through discussions with the lenders, they will either be able to extend the existing facility or the Company will have been sold and the loan repaid in full. For these reasons, they continue to prepare the financial statements on a going concern basis.”

Group structure

1. RI SPRUCEFIELD (UK162) LIMITED · parent
   1. Sealand S.à.r.l 100% · Luxembourg

Significant events

• “On 19 February 2025, the Company paid a final dividend of £125k.”
• “On 26 September 2025 approval to extend the termination date of the facility by twelve months was granted by the Board of Directors.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

7

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -7.9%

  £3,967,000 → £3,654,000

• Cash

  -26.5%

  £3,337,000 → £2,452,000

• Net assets

  -5%

  £9,245,000 → £8,787,000

• Employees

  —

  Not reported

• Operating profit

  +55.3%

  £1,974,000 → £3,065,000

• Profit before tax

  +567.6%

  -£145,000 → £678,000

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