ZORCA CLERKENWELL LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 3 in the financial statements concerning the Company's ability to continue as a going concern. The Company is reliant on both the refinancing of existing loan facilities, as disclosed within Note 12, due for renewal during the assessment period and where a covenant has been breached since the year-end. While management is actively engaged in discussions with lenders and believes that refinancing will be secured, no binding agreement is in place at the date of approval of these financial statements. In the event that refinancing cannot be secured, Orca Malta Limited, an intermediate parent company, who has confirmed its intention to provide financial support as may be necessary to enable the Company to continue to operate as a going concern and to meet all if its obligations in full for at least twelve months from the approval date of these financial statements. The directors of the Company have also obtained confirmation that the balances owed to fellow group undertakings will not be called upon if doing so will affect the going concern status of the Company.

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

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 3 in the financial statements concerning the Company's ability to continue as a going concern. The Company is reliant on both the refinancing of existing loan facilities, as disclosed within Note 12, due for renewal during the assessment period and where a covenant has been breached since the year-end. While management is actively engaged in discussions with lenders and believes that refinancing will be secured, no binding agreement is in place at the date of approval of these financial statements. In the event that refinancing cannot be secured, Orca Malta Limited, an intermediate parent company, who has confirmed its intention to provide financial support as may be necessary to enable the Company to continue to operate as a going concern and to meet all if its obligations in full for at least twelve months from the approval date of these financial statements. The directors of the Company have also obtained confirmation that the balances owed to fellow group undertakings will not be called upon if doing so will affect the going concern status of the Company.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +4.3%

  £1,419,910 → £1,480,621

• Cash

  -99.4%

  £4,921,096 → £30,880

• Net assets

  -55.9%

  £7,821,993 → £3,445,639

• Employees

  —

  Not reported

• Operating profit

  -147%

  £7,882,594 → -£3,702,922

• Profit before tax

  -187.7%

  £6,086,245 → -£5,337,353

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