11h 37min, mar 11, 2025 y - Certania Group Key WP Review

Description:

Service based business - supply chain audits
Deadline - 31st March
PwC haven't setup portal

Group
RAS Supply Chain Integrity Ltd - main trade co
RASG Group Ltd - assets/investments
RASG Holdco Ltd - holding company
Certania Acquico UK Ltd - holding company

Certania AcquiCo
Financials
-newly incorporated
-investments £38m incl £11m earnout
-IC loan £16m receivable
-£44m loan from Certania GmbH with £971k interest accrual
Revenue - open item no response from client

RASG HoldCo
-Just £32m investment in RASG and share capital
-Recorded at cost in year 1

RAS Supply Chain
Financials
-trade receivables up +1.5m ; invoicing customers directly
-uninviced sales £848k (py:283%)
-IC balances agreed
-bank confirms o/s

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