INVESTINDUSTRIAL BUSINESS DEVELOPMENT LLP

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 to the financial statements which indicates that the fund in which the LLP is a general partner may cease operations within the next 12 months if an extension of the Limited Partnership Agreement (LPA) cannot be agreed. As at the date of this report, the LPA has not been extended, however the members are confident they will be able to obtain such an extension given it is in the best interest of all of the fund's members. If the fund were to be liquidated, the LLP would no longer have any primary trading activities. These events and conditions, along with the other matters explained in note 2, constitute a material uncertainty that may cast significant doubt on the LLP'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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 to the financial statements which indicates that the fund in which the LLP is a general partner may cease operations within the next 12 months if an extension of the Limited Partnership Agreement (LPA) cannot be agreed. As at the date of this report, the LPA has not been extended, however the members are confident they will be able to obtain such an extension given it is in the best interest of all of the fund's members. If the fund were to be liquidated, the LLP would no longer have any primary trading activities. These events and conditions, along with the other matters explained in note 2, constitute a material uncertainty that may cast significant doubt on the LLP's ability to continue as a going concern.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -52.6%

  £3,991,579 → £1,890,050

• Cash

  -32.9%

  £35,732 → £23,965

• Net assets

  +96.7%

  -£3,409,301 → -£111,688

• Employees

  0%

  2 → 2

• Operating profit

  -56.1%

  £3,467,798 → £1,520,791

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