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KPIsSections16
| Revenue — GREEN | £1.5M | -93.9% YoY |
|---|---|---|
| Gross margin — GREEN | 76.1% | |
| Net income — GREEN | -£12.6M | -183.2% YoY |
| Net margin — GREEN | -843.5% | |
| Operating margin — GREEN | -338.3% |
Red flags3 red2 orange
Liquidity5
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -843.5%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.09
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~0.1 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 772%
accumulated_deficit_highAccumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | £1.5M | GREEN |
| Gross Margin | 76.1% | GREEN |
| Operating Margin | -338.3% | GREEN |
| Net Margin | -843.5% | GREEN |
| Gross Profit | £1.1M | GREEN |
| Operating Income | -£5.1M | GREEN |
| Net Income | -£12.6M | GREEN |
| Income Tax Expense | £0 | GREEN |
| Pre-tax Income | -£13.6M | GREEN |
| Interest Expense | £2.2M | GREEN |
| Cost Of Revenue | £358,000 | GREEN |
| Selling General & Admin Exp | £5.0M | GREEN |
| Currency Exchange Gains (Loss) | £26,000 | GREEN |
| Other Non Operating Income (Expenses) | £343,000 | GREEN |
| Earnings from Continuing Operations | -£13.6M | GREEN |
| Earnings of Discontinued Ops | £0 | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | £12.1M | GREEN |
| Current Assets | £960,000 | GREEN |
| Current Liabilities | £11.2M | GREEN |
| Total Liabilities | £12.5M | GREEN |
| Total Equity | £3.3M | GREEN |
| Noncontrolling Interest | -£3.7M | GREEN |
| Retained Earnings | -£25.4M | GREEN |
| Cash & Equivalents | £104,000 | GREEN |
| Long-term Debt | £0 | GREEN |
| Short-term Debt | £6.2M | GREEN |
| Trade Receivables | £667,000 | GREEN |
| Trade Payables | £4.8M | GREEN |
| Short Term Investments | £189,000 | GREEN |
| Inventory | £0 | GREEN |
| Gross Property, Plant & Equipment | £3.4M | GREEN |
| Other Intangibles | £6.6M | GREEN |
| Current Portion of Capital Leases | £120,000 | GREEN |
| Capital Leases | £728,000 | GREEN |
| Common Stock | £2.8M | GREEN |
| Additional Paid In Capital | £22.5M | GREEN |
| Comprehensive Income and Other | £6,000 | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -£1.6M | GREEN |
| Capital Expenditures | £47,000 | GREEN |
| Investing Cash Flow | £934,000 | GREEN |
| Free Cash Flow | -£1.7M | GREEN |
| Financing Cash Flow | £767,000 | GREEN |
| Net Income (starting point for CFO) | -£3.1M | GREEN |
| Asset Writedown & Restructuring Costs | £1.2M | GREEN |
| Change in Inventories | £0 | GREEN |
| Long Term Debt Issued | £1.8M | GREEN |
| Long Term Debt Repaid | £1.2M | GREEN |
| Issuance of Common Stock | £250,000 | GREEN |
Sections in this filing
Business / Consolidation
Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and its subsidiaries as if they formed a single entity. Subsidiaries are entities over which the Group has control. Control exists when the Company: • has power over the investee; • is exposed, or has rights, to variable returns from its involvement with the investee; and • has the ability to use its power to affect its returns. On acquisition, in the statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values if acquiring a business or assigned a carrying amount based on relative fair value if acquiring an asset. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date on which control ceases. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the Group financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. Investments in subsidiaries are accounted for at cost less impairment within the Company financial statements. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used in line with those used by other members of the Group. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the members of the Group are eliminated on consolidation.