AVANTI SPACE LIMITED

• ◆

  Material uncertainty over going concern

  There can, however, be no certainty that the SSF maturity is successfully extended to beyond the forecast period or that if the forecasts are not substantially achieved, additional financial support from the shareholder is made available. In that unlikely scenario, there can be no certainty of alternative sources of financing being found, and this represents a material uncertainty over the Group's ability to continue as a going concern.

• ·

  Going-concern uncertainty disclosed

Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. 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 101

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“There can, however, be no certainty that the SSF maturity is successfully extended to beyond the forecast period or that if the forecasts are not substantially achieved, additional financial support from the shareholder is made available. In that unlikely scenario, there can be no certainty of alternative sources of financing being found, and this represents a material uncertainty over the Group's ability to continue as a going concern.”

Significant events

• “On 2 April 2024, the Super Senior Facility holder exercised a call option over the equity shares in an intermediate holding company of the Group, Plate Newco 3 Limited, which resulted in the acquisition of 100% of the shares of Plate Newco 3 Limited by Plate New Topco Limited, a company wholly owned and controlled by the Super Senior Facility holder.”

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

Filings

5

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.