LETTERONE TECHNOLOGY (UK) LLP

• ◆

  3 officer resignations in last 12 months

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

1. LETTERONE TECHNOLOGY (UK) LLP 2015-03-30 → present
2. LETTERONE TELECOM (UK) LLP 2013-11-29 → 2015-03-30
3. ALTIMO (UK) LLP 2013-07-01 → 2013-11-29

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Members expect future income to continue to exceed the operating costs of the business due to ongoing advisory contracts, together with the availability of financial support from the parent undertaking, LetterOne, if required, and reliance on a letter of support provided by the parent company which confirms that LetterOne has sufficient liquid resources to provide financial support and will assist the Partnership to meet its liabilities as and when they fall due for the period to 31 December 2026 (the going concern assessment period). In arriving at this conclusion, the Members considered the financial position, including the significant cash holdings, of LetterOne to cover the operating needs of LetterOne and the Partnership for the going concern assessment period. Despite the uncertainty surrounding further sanctions and their potential impact on the Partnership's operations, the Members believe it is appropriate to prepare the financial statements under the going concern basis as the occurrence of these events is considered improbable. Accordingly, the Members have a reasonable expectation that the Partnership has adequate resources to continue in operational existence for the period to 31 December 2026.”

Significant events

• “Sanctions imposed on the ultimate beneficial owners ('UBOs') by the European Union ("EU", including individual EU member states), the United Kingdom, the United States, and several other countries in response to the Russia-Ukraine war remain in force. Whilst two of the Partnership's UBOs were sanctioned, the Partnership itself is not subject to sanctions as confirmed by the group's legal advisors and relevant authorities. Following swift action in 2022-2023 to distance group from its sanctioned UBOS - freezing their voting rights, blocking dividends and ensuring they have no control - these measures were approved by regulators in key jurisdictions.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -67.2%

  £14,504,077 → £4,754,633

• Cash

  +9%

  £5,665,678 → £6,174,203

• Net assets

  +5.3%

  £9,978,503 → £10,507,784

• Employees

  -100%

  3 → 0

• Operating profit

  -62.5%

  £8,046,701 → £3,017,791

• Profit before tax

  -59.2%

  £8,613,788 → £3,511,490

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