RDX HOLDINGS LTD

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  As outlined above in relation to the wind-down of the MSA and the Group's ongoing transition to a revised business model, including the pursuit of new opportunities, the director recognises that these factors inherently carry an element of uncertainty. Whilst the director remains confident in the Group's future prospects and have received supportive feedback from shareholders, they acknowledge that these factors, together with the evolving funding arrangements, give rise to a MU that may cast significant doubt on the Group and Company's ability to continue as a GC. Nevertheless, having reviewed the available resources and business plans, the director believe it remains appropriate to prepare the financial statements on a going concern basis.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As outlined above in relation to the wind-down of the MSA and the Group's ongoing transition to a revised business model, including the pursuit of new opportunities, the director recognises that these factors inherently carry an element of uncertainty. Whilst the director remains confident in the Group's future prospects and have received supportive feedback from shareholders, they acknowledge that these factors, together with the evolving funding arrangements, give rise to a MU that may cast significant doubt on the Group and Company's ability to continue as a GC. Nevertheless, having reviewed the available resources and business plans, the director believe it remains appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. RDX HOLDINGS LTD · parent
   1. RDX Finance Ltd 100% · Jersey
   2. RDX Works Ltd 100% · England
   3. Metaverse (Radix) Limited 100% · Jersey
   4. Metabridge Ltd 100% · England
   5. Metabridge OPCO Ltd 100% · England
   6. RDX Resources Ltd 100% · United Kingdom
   7. Exosphere Limited 100% · Jersey

Significant events

• “On 22 August 2024, it was announced by RDX Publishing Ltd (on behalf of the RDX Holding entities) that a 1.5B XRD Radix Endowment Fund is being established to support the financial stability of Radix ecosystem entities and reduce reliance on treasury tokens being sold.”
• “On 2 September 2024, Brevan Howard Digital, the digital investment platform of Brevan Howard, was announced as the selected Endowment Fund investment manager.”
• “Subsequent to the end of the reporting period, the Group's subsidiary, RDX Works Limited, started to prepare for liquidation proceedings. See note 2.3 for further details.”

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

Filings

12

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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