SKS BAILEY TAX LIMITED

• ⚠

  Material uncertainty over going concern

  These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  Audit opinion: Adverse

  Latest auditor's report carried a non-clean opinion.

• ◆

  3 officer resignations in last 12 months

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

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Dunhams Chartered Accountants & Statutory Auditors

Audit opinion

Adverse

Going concern

Material uncertainty disclosed

“These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “The Company has generated minimal turnover during the year, the agency arrangement previously in place has ceased post year-end, and entities within the wider Bailey mini-group have indicated their intention to appoint a Licensed Insolvency Practitioner as part of a restructuring process.”
• “Subsequent to the reporting date, Bailey Group Limited, from whom this balance is due, has engaged advisers which may lead to the sale of the company or of its business and assets.”
• “During the year ended 2023, the Group changed its methodology for calculating the provision for bad debts. As a result of this change, an additional expense of £163k has been recognised in the year ended 2023.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -99.1%

  £244,876 → £2,312

• Cash

  -28.5%

  £2,466 → £1,764

• Net assets

  -5.7%

  £1,257,351 → £1,185,143

• Employees

  —

  Not reported

• Operating profit

  -68.6%

  -£42,781 → -£72,133

• Profit before tax

  -70.1%

  -£42,441 → -£72,208

• Wages

  -99.1%

  £49,883 → £450

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