CEVA LOGISTICS LIMITED

• ◆

  Material uncertainty over going concern

  The directors have prepared cash flow forecasts and performed a going concern assessment which indicates that, in both the base and reasonably possible downside, the company will have sufficient funds to meet its liabilities as they fall due during the 12 month period after the date of approval of the financial statements, the going concern assessment period. This assessment is dependent on its intermediate parent company, CEVA Logistics SA, not seeking repayment of the amounts currently due to the Group... CEVA Logistics SA has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the group during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

• ·

  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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.

1. CEVA LOGISTICS LIMITED 2006-12-11 → present
2. TNT LOGISTICS UK LIMITED 2002-02-13 → 2006-12-11
3. TAYLOR BARNARD LIMITED 1992-02-26 → 2002-02-13
4. TAYLOR BARNARD TRANSPORT SERVICES LIMITED 1976-12-17 → 1992-02-26

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared cash flow forecasts and performed a going concern assessment which indicates that, in both the base and reasonably possible downside, the company will have sufficient funds to meet its liabilities as they fall due during the 12 month period after the date of approval of the financial statements, the going concern assessment period. This assessment is dependent on its intermediate parent company, CEVA Logistics SA, not seeking repayment of the amounts currently due to the Group... CEVA Logistics SA has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the group during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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