MXP PRIME PLATFORM LTD

• ⚠

  Material uncertainty over going concern

  These cond tions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months following the approval of these financial statements and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.

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

Consolidated group

Auditor

Ensors

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These cond tions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months following the approval of these financial statements and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. MXP PRIME PLATFORM LTD · parent
   1. Tinyyo Limited 100% · England, WC2B 6NH
   2. PaddyPaw Ltd 100% · Northern Ireland, BT1 6DN
   3. Mighty Matcha Ltd 100% · England, WC2B 6NH
   4. Tinyyo Importers Ltd 100% · Ireland, T23 KW81
   5. SellerX One Ltd 100% · England, WC2B 6NH
   6. SellerX OpCo Ltd 100% · England, WC2B 6NH
   7. Tinyyo India Support Private Limited 99.99% · Tamil Nadu, Irdia
   8. Stretton Online Limited 100% · England, WC2B 6NH

Significant events

• “After the balance sheet date, the directors approved a plan to apply for the voluntary strikeoff of certain subsidiaries, including Mighty Matcha Ltd (07627165), PaddyPaw Ltd (N1060158), SellerX One Ltd (13633391), SellerX OpCo Ltd (13624974) and Stretton Online Ltd (09422243). These actions form part of a wider restructuring initiative.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -13.5%

  £460,189 → £398,137

• Net assets

  —

  Not reported

• Employees

  -25.6%

  39 → 29

  lowest in 3 filed years

• Wages

  -10.4%

  £2,986,392 → £2,675,649

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