THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC

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  Material uncertainty over going concern

  The directors have concluded that until the EoDs described above have been formally waived or deemed remedied by the Credit Provider and the full extent and costs of rectification works are known, these issues represent a material uncertainty that could (in the event of Creditors then exercising their rights) cast significant doubt on the Company's ability to continue as a going concern and therefore the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

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  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

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  Going-concern uncertainty disclosed

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  Negative shareholders' funds

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“The directors have concluded that until the EoDs described above have been formally waived or deemed remedied by the Credit Provider and the full extent and costs of rectification works are known, these issues represent a material uncertainty that could (in the event of Creditors then exercising their rights) cast significant doubt on the Company's ability to continue as a going concern and therefore the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “CWPT terminated its part of the Project agreement on 1 February 2023.”
• “The Company's parent company, The Coventry and Rugby Hospital Company (Holdings) Limited, was put into Administration by the Credit Provider on 25 April 2023.”
• “Mitie's Interim Service Contract was extended by 12 months post year end.”
• “Financial penalties totalling £2,400,000 (2024: £1,675,000) were levied by the Trust.”

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

Filings

2

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.