DIRECT ONLINE SERVICES LIMITED

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  Material uncertainty over going concern

  The directors have prepared cash flow forecasts for the next twelve months. In the base case and severe but plausible downside scenarios, these cash flow forecasts indicate that further funding will be required from the Company's parent undertaking Broadview Materials B.V. (previously Broadview Industries B.V.) to enable the Company to meet its liabilities as they fall due. Although Broadview Materials B.V. has historically since its acquisition, provided all necessary financial support to the Company to enable it to meet its obligations as they fall due, the fact that the Company's parent undertaking does not provide a formal letter of financial support constitutes a material uncertainty that may cast significant doubt with regard to the Company's ability to continue as a going concern.

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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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared cash flow forecasts for the next twelve months. In the base case and severe but plausible downside scenarios, these cash flow forecasts indicate that further funding will be required from the Company's parent undertaking Broadview Materials B.V. (previously Broadview Industries B.V.) to enable the Company to meet its liabilities as they fall due. Although Broadview Materials B.V. has historically since its acquisition, provided all necessary financial support to the Company to enable it to meet its obligations as they fall due, the fact that the Company's parent undertaking does not provide a formal letter of financial support constitutes a material uncertainty that may cast significant doubt with regard to the Company's ability to continue as a going concern.”

Significant events

• “At the end of the year, the Company recognised an impairment charge of £0.6m relating to the Cinderford property as the carrying value was more than the market price, taking the valuation to £3.0m. The property has subsequently been sold on 6 May 2026 for £3.0m.”
• “During 2025 the Company entered into a new lease agreement for a new site in Harlow and all existing Harlow employees and operations were transferred to this site during the year. In January 2026, it was announced to employees in Redhill that the site would be closing and the operations consolidated to the new site in Harlow. Employees were offered employment at the new site and following a consultation period, 11 employees agreed to exit the business, with severance costs totalling £80k.”
• “Loan 1 was fully repaid on 6 March 2025.”

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

1

last 12 months

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