ENODA LTD

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  Material uncertainty over going concern

  We draw attention to the going concern policy in note 3 in the financial statements, which indicates that the Group incurred losses during the year of £16,870,767 and requires further external funding in order to support its continuing operations for the foreseeable future. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 5 months prior. About these numbers

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

IFRS

Reporting scope

Consolidated group

Auditor

CT Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the going concern policy in note 3 in the financial statements, which indicates that the Group incurred losses during the year of £16,870,767 and requires further external funding in order to support its continuing operations for the foreseeable future. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. ENODA LTD · parent
   1. Enoda Technologies S.L 100% · Spain
   2. Enoda Inc. 100% · United States of America

Significant events

• “On 25 February 2025, the Company closed an interim raise of 8,677 ordinary shares at £496 per share for a total of £4,303,792 to support the on-going operations of Enoda Ltd.”
• “On 2 April 2025 the company acquired 100% of the shares in Enoda Sp.z.o.o (formerly Silaticobe Investments sp. z.o.o), a company registered in Poland, for a consideration of €1,197 (£1,004).”
• “On 22 July 2025, the Company entered into an agreement to purchase a manufacturing site for £22m + VAT. £4.4m non-refundable deposit was paid in July 2025 and a non-refundable £1.5m penalty payment was paid in October 2025.”
• “The Company intends to raise capital from a B investment round, which is anticipated to close in 2026.”

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

Filings

7

last 12 months

Capital events

1

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.