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Zaim Credit Systems Plc ( (GB:ZAIM) ) has issued an update.
Adalan Ventures Plc has published its audited results for the year to 31 December 2024, with its auditors concluding that the financial statements give a true and fair view and are compliant with UK-adopted IFRS and the Companies Act 2006. However, the auditors highlighted a material uncertainty over the company’s ability to continue as a going concern, noting that Adalan’s base-case forecasts depend on short-term working capital support from its principal stakeholder and additional fund-raising to finance ventures planned for early 2026. The audit identified going concern and the accounting treatment of investor funding received for shares to be issued in the future as key audit matters, alongside the standard risk of management override of controls, underscoring the company’s reliance on new capital and careful financial governance as it pursues its investment strategy.
More about Zaim Credit Systems Plc
Adalan Ventures Plc is an investment company that deploys capital into new ventures, with plans to back additional projects from early 2026. Its model relies on external funding, including support from principal stakeholders and other investors, to build a portfolio of future investments.
Technical Sentiment Signal: Sell
Current Market Cap: £2.31M
For detailed information about ZAIM stock, go to TipRanks’ Stock Analysis page.