XYB LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which indicates that the company is reliant on the success and timing of acquiring new customers and securing additional external funds in the foreseeable future to provide sufficient liquidity to execute its strategic plans. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which indicates that the company is reliant on the success and timing of acquiring new customers and securing additional external funds in the foreseeable future to provide sufficient liquidity to execute its strategic plans. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “During the year, the Company separated from the Monese Group and established itself as an independent business focused on delivering enterprise financial infrastructure solutions. This transition was supported by the successful completion of a £14m Series A funding round between April and July 2024.”
• “Subsequent to the year end, the company issued 1,672,824 Series A3 shares of £0.000001 each for total consideration of approximately £2.8m, and 54,103 Ordinary shares of £0.000001 each for total consideration of approximately £0.05.”

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

Filings

18

last 12 months

Capital events

11

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

  -83.1%

  £35,557,049 → £6,017,204

• Cash

  +374,383.9%

  £1,043 → £3,905,867

• Net assets

  +1,021.5%

  £1,075,956 → £12,067,241

• Employees

  +3,850%

  2 → 79

  highest in 3 filed years

• Profit before tax

  -155%

  £13,757,859 → -£7,573,648

• Wages

  -47.1%

  £12,176,913 → £6,441,951

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