VIVA BIDCO LIMITED

• ⚠

  Material uncertainty over going concern

  These events and conditions, along with the other matters explained in note 2.3, constitute a material uncertainty that may cast significant doubt on the group's and the parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

1. VIVA BIDCO LIMITED 2021-03-31 → present
2. SHOO 654 LIMITED 2021-02-17 → 2021-03-31

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These events and conditions, along with the other matters explained in note 2.3, constitute a material uncertainty that may cast significant doubt on the group's and the parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. VIVA BIDCO LIMITED · parent
   1. Avant Sarl 100% · Luxembourg · Intermediate parent
   2. Avant Homes Group Limited 100% · Intermediate parent
   3. Avant Homes (England) Limited 100% · Housebuilding
   4. Laing/Gladedale (Hastings) Holdings Limited 50% · Property investment
   5. Freeport Scotland Limited 14% · Letting of commercial property

Significant events

• “Following the re-financing discussions and revised business plans (see note 2.3) the directors have revisited the recoverability of the investment in subsidiaries balance using the latest cash flow forecasts. This preliminary assessment indicated that a potential impairment may be required, however full consideration will be given to this in the June 2025 financial statements as the facts and circumstances arose post year-end.”

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

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

  —

  Not reported

• Net assets

  -195.5%

  £16,584,000 → -£15,846,000

• Employees

  0%

  3 → 3

• Operating profit

  +63.5%

  -£3,874,000 → -£1,415,000

• Profit before tax

  -21%

  -£25,313,000 → -£30,617,000

• Wages

  -3.7%

  £1,418,000 → £1,366,000

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