VILLA MIDCO LIMITED

1. VILLA MIDCO LIMITED 2021-02-02 → present
2. C REPUBLIC MIDCO LIMITED 2020-12-17 → 2021-02-02

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving these financial statements there remains uncertainty in broader market conditions and interest rates remain high, which increases the uncertainty of delivering the Group's forecasts. The current forecasts indicate a covenant breach in FY26, due to the impact of higher cash interest payments and the Group is currently renegotiating its debt covenants with its lenders. The management team recognises that at the date of signing these financial statements, the Group has not completed renegotiation of covenants with lenders, though anticipates closure early in Q3 of Fiscal Year 2026. Our majority investor, Accel-KKR, has provided written confirmation of our agreement in principle that they will provide up to $30.0m to support the Group's growth initiatives, assist with strengthening the Group's balance sheet and facilitate covenant compliance for at least 12 months from the date of signature of these financial statements. Villa Topco Limited, the ultimate parent company of the Group, has therefore provided a letter of support to all the subsidiaries, therefore going concern is assessed on a Group basis. If needed, and approved by the Board of Directors and Accel-KKR, the Group may call upon this additional cash injection from Accel-KKR to provide the Group with ample cushion to continue to pursue its growth initiatives and to meet its liabilities for a period of at least 12 months from the date of signing these financial statements, without breaching covenants. Therefore, the Board has adopted the going concern basis in preparing these financial statements. Consequently, these financial statements do not include any adjustments which would be required if the going concern basis of preparation is inappropriate.”

Group structure

1. VILLA MIDCO LIMITED · parent
   1. Villa Bidco Limited 100% · United Kingdom · Holding Company
   2. Kimble Applications Limited 100% · United Kingdom · Sales, marketing and implementation of software
   3. Kimble Applications Inc 100% · USA · Sales, marketing and implementation of software

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £94,897,605 → £94,897,605

• Employees

  —

  Not reported

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