FLEETE GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  In preparing the financial statements on a going concern basis, the Directors have considered the financial position and circumstances of the Company. As at 31 March 2025, the Company is in a net current asset/(liability) position of £1,626,806 (2024: (£284,934)) and with a net asset/(liability) position of £3,799,875 (2024: (£90,059)). The Directors have also prepared a cash flow forecast, which indicates that the Company will require additional funding in March 2026. The Company is reliant on funding from Green Investment Group Limited ("GIGL") and the directors expect the Company to continue to receive funding from Group companies to deliver its business plan and furthermore have no reason to believe that this funding would not be forthcoming should the Company require it. However, there is no formal commitment from GIGL to provide further funding and should this not be forthcoming an alternative source of funding would be required, which is not guaranteed. The Directors are also considering a potential sale of the Company, which could result in a change in ownership of the Company within 12 months of authorising these financial statements, and it is not reasonably possible for the directors to predict the intentions of a new owner's plan, strategy and funding arrangements in the event the sale completes. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. The financial statements do not contain adjustments that would arise if the Company were unable to continue as a going concern.

1. FLEETE GROUP LIMITED 2022-07-08 → present
2. GREENEVEUROPE LIMITED 2022-06-06 → 2022-07-08

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In preparing the financial statements on a going concern basis, the Directors have considered the financial position and circumstances of the Company. As at 31 March 2025, the Company is in a net current asset/(liability) position of £1,626,806 (2024: (£284,934)) and with a net asset/(liability) position of £3,799,875 (2024: (£90,059)). The Directors have also prepared a cash flow forecast, which indicates that the Company will require additional funding in March 2026. The Company is reliant on funding from Green Investment Group Limited ("GIGL") and the directors expect the Company to continue to receive funding from Group companies to deliver its business plan and furthermore have no reason to believe that this funding would not be forthcoming should the Company require it. However, there is no formal commitment from GIGL to provide further funding and should this not be forthcoming an alternative source of funding would be required, which is not guaranteed. The Directors are also considering a potential sale of the Company, which could result in a change in ownership of the Company within 12 months of authorising these financial statements, and it is not reasonably possible for the directors to predict the intentions of a new owner's plan, strategy and funding arrangements in the event the sale completes. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern. The financial statements do not contain adjustments that would arise if the Company were unable to continue as a going concern.”

Group structure

1. FLEETE GROUP LIMITED · parent
   1. Fleete Assets UK Limited 100% · England · Development and construction of EV charging port

Significant events

• “On 8 August 2025, 1,400,000 shares were issued with a nominal value of £1 per share, for a total consideration of £1,400,000.”
• “On 8 August 2025, the Company acquired 1,400,000 additional shares in Fleete Assets UK Limited (the Company's wholly owned subsidiary) with a nominal value of £1 per share, for a total consideration of £1,400,000.”
• “On 13 August 2025, 694,000 shares were issued with a nominal value of £1 per share, for a total consideration of £694,000.”
• “On 29 August 2025, the Company made the decision to terminate the lease of their current premises earlier than initially anticipated. Utilising an available break clause, the lease term has been reduced by 24 months, with the end date of the lease being revised from 29 February 2028 to 28 February 2026. As such, an adjustment totalling £240,964 has been made following the year-end to reduce the carrying amount of the ROU asset and lease liability.”
• “On 15 December 2025, 1,493,421 shares were issued with a nominal value of £1 per share, for a total consideration of £1,493,421.”

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

Filings

14

last 12 months

Capital events

7

last 24 months

Officers appointed

0

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

  +4,319.3%

  -£90,059 → £3,799,875

• Employees

  —

  Not reported

• Operating profit

  -1,307.8%

  -£713,359 → -£10,042,762

• Profit before tax

  -1,251.8%

  -£744,676 → -£10,066,350

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