CLOVER BIDCO LIMITED

Latest accounts filed cover 2025-03-31; financial figures currently reflect up to 2023-12-31.

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the balance sheet date, the company has net liabilities of £5,722,439. The Clover Topco Limited group manages cash on a consolidated basis, and based upon post year end and forecast trading for the group, the directors' have performed sensitivity analysis to show that the group is able to meet its obligations as they fall due, including servicing the debt and meeting covenant obligations for this company, for at least 12 months from signing these financial statements. The group has prepared modelling by subsidiary entity of revenues by product and location, including levels of new customer acquisition, recurring subscription revenue and churn rates. Detailed modelling has been performed on the level of costs and investments required, taking account of inflation and other macroeconomic trends. The conversion of trading into cash was also modelled, taking account of seasonality patterns, debt repayments and potential taxation liabilities. On that basis, the directors are satisfied it is appropriate to prepare these financial statements on a going concern basis. Trading subsidiaries of Clover Bidco are listed in note 11.”

Group structure

1. CLOVER BIDCO LIMITED · parent
   1. Altia Solutions Limited 100% · England
   2. Altia-ABM Group 100% · England
   3. ABM intelligence Limited 100% · England
   4. Altia-ABM Pty Limited 100% · Australia
   5. Altia-ABM Inc 100% · Canada
   6. Xalita Technology Limited 100% · England
   7. VeriSaas Pty Limited 100% · Australia
   8. Inverted Solutions Pty Limited 100% · Australia
   9. Badger Software Limited 100% · England
   10. Aquila Intelligence Solutions Limited 100% · England
   11. Altia Intel Inc 100% · United States of America

Significant events

• “As of 20 March 2025, the group was acquired by Multiverse (Bidco) Limited. This change in ownership provides further investment into the group to enable the group to continue to grow and expand into new markets.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -145.5%

  -£1,174,951 → -£2,884,388

  lowest in 3 filed years

• Employees

  0%

  4 → 4

• Operating profit

  -25.4%

  -£140,053 → -£175,691

  lowest in 3 filed years

• Profit before tax

  -40.8%

  -£1,214,135 → -£1,709,437

  lowest in 3 filed years

• Wages

  0%

  £25,000 → £25,000

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