BACKED LLP

1. BACKED LLP 2015-05-16 → present
2. HAES VENTURES LLP 2014-11-28 → 2015-05-16

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

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 March 2025 the LLP had cash of £240,739. In considering the going concern status of the LLP, the members have prepared a budget and cash flow forecast, which extends to March 2027. The nature of management fees earned by the LLP is relatively certain and can be forecasted on this basis. The members are confident that the funds under management will continue to generate suitable income for the LLP. On this basis they are confident that the LLP will continue to be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. On this basis the members do not consider there to be any uncertainties relating to going concern and consider it is appropriate to prepare the financial statements on a going concern basis, and don't foresee any issues with capital adequacy from a regulatory perspective. Therefore the members consider it appropriate to prepare the accounts on a going concern basis.”

Significant events

• “On 18 November 2024, the LLP's auditors changed their name from Haysmacintyre LLP to HaysMac LLP.”
• “At 31 March 2025, management have taken the decision to fully provide against amounts outstanding from Backed 1 LP. The fund has struggled with performance and realisation of assets which has resulted in liquidity issues. There is no certainty that those which remain due will be settled and when. The total provision is £761,263 and disclosed in Note 13.”

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

Filings

4

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

  +17.3%

  £3,312,569 → £3,884,947

• Cash

  -30.6%

  £346,804 → £240,739

• Net assets

  -10.9%

  £1,405,626 → £1,252,377

• Employees

  -20%

  10 → 8

• Operating profit

  -35.2%

  £918,396 → £595,349

• Wages

  -10.6%

  £995,616 → £889,764

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