AVIDITY GROUP ACQUISITIONS LIMITED

• ◆

  3 officer resignations in last 12 months

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

1. AVIDITY GROUP ACQUISITIONS LIMITED 2021-04-26 → present
2. TMGL ACQUISITIONS LIMITED 2015-09-18 → 2021-04-26
3. DMWS 1062 LIMITED 2015-08-19 → 2015-09-18

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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Executive Directors have reviewed the Company and Group's projections and forecasts and are confident that there are adequate resources to continue operations for the foreseeable future Whilst the Group's shareholder loan notes were outstanding at the balance sheet date, these were settled through the issuance of new ordinary shares and cash subsequent to the year end and 100% of the share capital of the ultimate parent of the Company, Avidity Group Limited, was acquired by Hawker Participations UK Limited (see further details within the Strategic Report and note 23) Accordingly, the Executive Directors are satisfied that the financial statements can be prepared on a going concern basis”

Group structure

1. AVIDITY GROUP ACQUISITIONS LIMITED · parent
   1. Avidity Group Holdings Limited 100% · UK · Investment holding
   2. TMGL Spain Limited 100% · Non trading
   3. Experience Wave Limited 100% · D2C experiential field sales services
   4. McCurrach Financial Services Limited 100% · Field sales services
   5. McCurrach Investments Limited 100% · Investment holding
   6. McCurrach UK Limited 100% · Field sales services
   7. McCurragh Limited 100% · Dublin · Field sales services
   8. Standout Field Marketing Ireland Limited 100% · Dublin · Field sales services
   9. Standout Field Marketing Limited 100% · Field sales services
   10. Thumbprint Technology Limited 100% · Data analytics & digital products/services
   11. Triumph Field Marketing Limited 100% · Non trading
   12. Zing Sales Limited 100% · Agile field sales services
   13. Brown & Gracie Limited 100% · Non trading
   14. McCurrach UK Brokers Limited 100% · Non trading
   15. Scotsell Marketing Limited 100% · Non trading
   16. UK Brokers Limited 100% · Non trading

Significant events

• “Whilst the Group's shareholder loan notes were outstanding at the balance sheet date, these were settled through the issuance of new ordinary shares and cash subsequent to the year end and 100% of the share capital of the ultimate parent of the Company, Avidity Group Limited, was acquired by Hawker Participations UK Limited. The shareholder loan notes were settled through the issuance of new ordinary shares and cash and the security released.”
• “Following the year end, a proportion of the shareholder loan notes in the ultimate parent of the Company, Avidity Group Limited, were settled through the issuance of new Avidity Group Limited ordinary shares. Subsequently, 100% of the share capital of the Avidity Group Limited was acquired by Hawker Participations UK Limited, a company registered in England under company number 16994517 with a registered office at 7 Savoy Court, London, United Kingdom, WC2R 0EX. At the same time, the remainder of Avidity Group Limited's shareholder loan notes were repaid in cash and the security released. The ultimate controlling party of Hawker Participations UK Limited is Mermoz Bidco SAS, a company registered in France under number 989 144 571 with a registered office at 23 rue d'Anjou, 75008 Paris, France.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  +13.8%

  £65,019,000 → £74,013,000

• Cash

  +15.7%

  £987,000 → £1,142,000

• Net assets

  -10.8%

  £24,529,000 → £21,871,000

• Employees

  +13.3%

  1,164 → 1,319

• Operating profit

  +17.7%

  -£1,636,000 → -£1,346,000

• Profit before tax

  +23.1%

  -£2,529,000 → -£1,944,000

• Wages

  +12.5%

  £34,929,000 → £39,292,000

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