We are covered by £15 million ( KJS Concrete)11 Sep 2025 08:07
Under the severe downside scenario, a shortfall in available cash resources is projected within the going concern period. To address this risk, the Group has secured a £15.00 million unsecured line of credit from KJS Concrete Private Limited (a Hunch Ventures group company), available until 31 December 2027. This facility is intended to mitigate potential liquidity pressures and ensure continuity of operations even under adverse conditions.
The Directors have also considered other principal risks and uncertainties affecting the business and have performed sensitivity analysis on key assumptions, including revenue growth and cost inflation. As part of this assessment, management has identified mitigating actions under its control, such as extending payment terms with vendors, deferring discretionary expenditure, and maintaining a tight focus on core operational costs.
The Directors have determined that climate change is not expected to have a significant financial impact during the going concern assessment period.
In reaching their conclusion, the Directors have considered the Group's cash flow forecasts, capital requirements, availability of committed funding facilities, and the continued support of key stakeholders including lenders and shareholders. While a material uncertainty exists in relation to the successful conclusion of the OTS proposal, the availability of the committed line of credit and the Group's ability to implement mitigating actions provide a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the Directors consider it appropriate to continue to adopt the going concern basis in preparing these financial statements.
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