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Zaim Credit Systems Plc ( (GB:ZAIM) ) just unveiled an update.
Adalan Ventures reported an unaudited net loss of £127,702 for the six months to 30 June 2025, narrowing from a £208,175 loss a year earlier as staff and operating costs were reduced, but the company remains in a negative equity position with net liabilities of £1.1 million and minimal cash of £2,597. The board continues to prepare the business as a going concern on the assumption that additional capital can be raised to fund its strategy of acquiring an operating business through a reverse takeover, with advanced share subscriptions rising to £103,956 at the half-year and a further £200,000 received after the period end, although failure to secure sufficient funding would pose a significant risk to its ability to continue operating.
More about Zaim Credit Systems Plc
Adalan Ventures Plc is a cash shell company listed in London that is seeking to identify and acquire an operating business via a reverse takeover. The group currently has no trading operations and is focused on conserving cash while it pursues potential acquisition opportunities to restore active trading in its shares.
Technical Sentiment Signal: Sell
Current Market Cap: £2.31M
Find detailed analytics on ZAIM stock on TipRanks’ Stock Analysis page.