The directors present the strategic report for the year ended 31 December 2025.
Introduction
AmWorld Bidco Limited was incorporated on 3 May 2023 and acquired 100% of the share capital of AmWorld Holdings Limited on 28 July 2023. The group operates within the white glove logistics sector providing storage, logistics and courier services to its customers.
The group’s financial position at 31 December 2025 remained stable. Sales for the year were £11.4m (2024: £10.8m), which was an increase of 6.5% compared to the previous year.
The directors regularly monitor working capital, cash generation and compliance with the group’s financing arrangements. Further information on borrowings, liquidity and goodwill is provided in notes 17 and 2 to the financial statements.
The Group has more than 400 customers spread across a range of industries. There are long standing relationships with customers and good customer retention, so the business risk is diluted.
The principal risks to the business are:
Changes in legislation impacting on the transport industry;
Disruption to global supply chains impacting on the group’s ability to provide services;
Fuel and subcontractor price exposure;
IT systems, cyber security and operational interruption.
The directors use revenue and EBITDA as the principal financial KPIs. Revenue measures the scale of trading activity, while EBITDA is used to monitor underlying operating performance before financing, taxation, depreciation and amortisation. EBITDA fell from £0.7 million to £0.6 million as increased gross profit was offset by higher staff cost and investment in the management team.
The main KPIs for the trading subsidiary are:
Sales £11.4m (2024: £10.8m)
EBITDA £0.6m (2024: £0.7m)
The directors have made an assessment in preparing these financial statements as to whether the Group is a going concern. In making this assessment, the directors have considered the Group's net current liability position together with forecast cash flows and available financing arrangements. The directors are satisfied that the Group has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements and have concluded that there are no material uncertainties that may cast significant doubt on the Group's ability to continue as a going concern.
Future developments
On 4th April 2026 AmWorld UK Limited completed the acquisition of 100% of the issued share capital of Crossflight Group Holdings Limited. Please see the directors' report for further information.
On behalf of the board
The directors present their annual report and financial statements for the year ended 31 December 2025.
The results for the year are set out on page 10.
No ordinary dividends were paid. The directors do not recommend payment of a further dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Financial risk management
The group's operations expose it to a variety of financial risks that include the effects of changes in price risk, liquidity risk and credit risk.
Price risk
The group is exposed to price risk due to normal inflationary increases in the purchase price of services.
Liquidity risk The group regularly reviews its liquidity risk and has arranged appropriate facilities to be available.
Credit risk The group has a rigorous credit policy which it uses to manage credit risk. The group has a wide customer base with low customer concentration, which spreads its risk and makes provisions for potential bad debts.
Following the year end, the Company completed the acquisition of 100% of the shares of Crossflight Group Holdings Limited, a logistics and courier business operating in complementary markets to those currently served by the Group. The acquisition represents a significant strategic milestone in the development of the Group and is consistent with the Board's objective of delivering sustainable growth through both organic expansion and carefully selected acquisitions.
The acquisition substantially increases the scale of the Group's operations, broadens its customer base and enhances its service offering across logistics, storage and courier activities. The directors believe the transaction strengthens the Group's market position and creates opportunities to provide a wider range of services to customers across the enlarged group.
The acquisition also provides a platform for future growth through the sharing of operational expertise, management resources and customer relationships. The Board believes the enlarged Group is well positioned to benefit from increasing demand within the logistics and fulfilment sectors whilst maintaining high levels of customer service.
The acquisition was completed after 31 December 2025 and accordingly its financial impact is not reflected in these financial statements.
Saffery LLP have expressed their willingness to continue in office.
The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of Sch 7.7.
United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
We have audited the financial statements of AmWorld Bidco Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group statement of financial position, the company statement of financial position, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.
Identifying and assessing risks related to irregularities:
We assessed the susceptibility of the group and parent company’s financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the group and parent company by discussions with directors and by updating our understanding of the sector in which the group and parent company operates.
Laws and regulations of direct significance in the context of the group and parent company include The Companies Act 2006 and UK Tax legislation.
Audit response to risks identified
We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of group and parent company financial statement disclosures. We reviewed the parent company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the parent company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.
During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £411,903 (2024 - £239,813 loss).
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
AmWorld Bidco Limited (“the company”) is a private company limited by shares incorporated in England and Wales. The registered office is C/O Foresight Regional Investment LP, The Shard, 32 London Bridge Street, London, England, SE1 9SG.
The group consists of AmWorld Bidco Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The consolidated group financial statements consist of the financial statements of the parent company AmWorld Bidco Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
The directors have assessed the ability of the Group and Company to continue as a going concern and have considered the period to at least twelve months from the date of approval of these financial statements. In making this assessment, the directors have considered the Group's and Company's financial position, including the fact that both were in net current liability positions at the balance sheet date, together with forecast cash flows, available financing arrangements and expected trading performance. Based on this assessment, the directors have a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.
Turnover is recognised at the fair value of the consideration received or receivable in the normal course of
business, and is shown net of VAT and other sales related taxes.
Revenue is recognised as follows:
- Storage is invoiced (and revenue recognised) in arrears either weekly or monthly based on the stock in the warehouse for that period.
- Courier / logistics work is recognised once goods are dispatched from AmWorld warehouse or are received at Amworld warehouse as it is deemed that the service is delivered at that time.
- Duty & VAT - Costs are recovered along with admin fee and this is recognised as soon as the costs are received from Amworld's agents.
- Payment in advance - this is normally for cash on delivery jobs where payment is collected and then job
processed immediately. On the occasion where a customer pays in advance for a large job then we defer the
revenue and recognise it when the job is completed.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's statement of financial position when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The provision stated refers to the repair and reinstatement works upon the exit of the company from their leased premises. Management have provided their best estimate of these costs at the balance sheet date.
Goodwill arising on the acquisition of subsidiary undertakings is amortised over its estimated useful economic life. The directors have exercised judgement in determining that a 10-year life is appropriate, having considered the expected period over which the acquired businesses will contribute economic benefits to the Group, including the longevity of customer relationships, anticipated future profitability and the enduring nature of the acquired operations. Changes to these assumptions could impact the carrying value of goodwill and the related amortisation charge.
The provision stated refers to an onerous forklift contract. Management have provided their best estimate of these costs at the balance sheet date.
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 4 (2024 - 2).
The gains recognised during the year represent the revaluation of the earnout accrual payable to the previous shareholders.
The actual charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:
At the balance sheet date, the company had no intangible assets.
Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:
Details of the company's subsidiaries at 31 December 2025 are as follows:
Registered office address:
All of the above subsidiaries are included in the consolidation.
Amounts owed by group undertakings are repayable on demand and interest free.
The finance lease commitments are secured by way of security over the leased assets.
The long-term loans are secured by fixed charges over the assets of the group including all present and future interests, rights, licences, guarantees and goodwill.
Loan notes were issued to the group on 28 July 2023. Interest is charged on long term loan notes at the higher of 10% or 8% above the Bank of England base rate.
Per the covenant in place, the notes are to be repaid in 5 years and 1 day from the date of the loan notes. The repayment date is 29 July 2028.
Finance lease payments represent rentals payable by the company for motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments
Dilapidations refers to repair and reinstatement works on exit of the group's leased premises.
Other provisions are in respect of provisions for onerous contracts.
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund. Outstanding contributions at the year end totalled £10,778 (2024: £9,942).
During the year a further 56 ordinary C-shares were issued at a price of £1 which were fully taken up.
All shares have attached the rights as set out in Article 4 of the Articles of Association, which are summarised below.
All shares rank pari passu in respect of dividends, voting and distributions of capital except that:
the aggregate entitlement of the holders of C Ordinary Shares to any dividend, proceeds of sale or return of capital is limited to 12.5% of the total amount distributed, with any excess redistributed to the holders of the other equity shares pro rata;
on a sale of the Company or a return of capital, holders of A Ordinary Shares and B Ordinary Shares are entitled in priority to amounts up to the agreed growth hurdle before the remaining proceeds are distributed pari passu; and
the holders of C Ordinary Shares are together restricted to exercising no more than 12.5% of the total voting rights, with any excess voting rights exercisable by the holders of the other equity shares pro rata.
Share Premium
This reserve is the premium paid by shareholders over the notional values of the share purchases in the Company.
Profit and loss account
This reflects the accumulated results for the Group to 31 December 2025.
The assets of the group and company are subject to security granted in favour of Foresight Group LLP under loan note debentures dated 28 July 2023 and 4 April 2026. The charges comprise fixed and floating charges over the group and company's assets and undertaking, together with negative pledge provisions, and were granted as security in connection with loan note facilities provided to the group, including facilities of the ultimate parent company, AmWorld Bidco Limited.
The assets of the group are also subject to security granted in favour of Barclays Security Trustee Limited under a debenture dated 20 May 2025. The charges comprise fixed and floating charges over the group's assets and undertaking, together with negative pledge provisions, and were granted as security in connection with banking facilities provided to the group,
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Amounts contracted for but not provided in the financial statements:
On 4 April 2026, AmWorld UK Limited completed the acquisition of 100% of the issued share capital of Crossflight Group Holdings Limited. The transaction was funded through a combination of cash consideration, deferred consideration and loan notes issued to the vendors. As part of the transaction, AmWorld Bidco Limited issued 5,377 Ordinary A shares for cash consideration of £66,000.
Crossflight is a respected UK based logistics specialist with a strong reputation for service excellence. This strategic acquisition strengthens our capabilities and enhances the value we can deliver to customers.
As the acquisition completed after the year end it has not been reflected in these financial statements. At the date of approval of these financial statements, the initial accounting for the acquisition has not yet been completed. It is therefore not practicable to disclose the full financial effects of this transaction.
The acquisition will also give rise to obligations in respect of deferred consideration and loan notes issued to the vendors, together with an increase in the Company's issued share capital arising from the issue of 5,377 Ordinary A shares.
At the year end, the group had outstanding £4,950,000 of loan notes issued to Foresight Regional Investment LP. The interest rates applicable can be seen in note 17. During the year interest of £750,304 (2024: £710,346) has been accrued in respect of the loan notes.
During the year there were transactions totalling £19,754 (2024: £36,249) which were paid to a director's company.
During the year there were transactions totalling £10,375 (2024: £13,007) paid to a director's company.
There was a total of £43,960 (2024: £45,691) in fees paid to Foresight Regional Investment LP, the ultimate controlling party.
There was an issue of £56 of ordinary C shares in Amworld Bidco Limited to the directors during the year. These shares had a market value of £1 and were fully paid up by the directors during the year.