Fulcrum Utility Services... Share Discussion Threads

[webpax] 30/6/2025 13:52:10

Next major news (barring a takeover) will probably be the annual accounts to 31st March 2025. Given how slow they were to produce them last year it could be the end of the calendar year before we see them.

You can set up an alert with Companies House to let you know when they've been filed. The company number to watch is FC030006.

[thiopia] 29/6/2025 23:03:38

Nothing substantive

[jm6783] 29/6/2025 11:31:23

Any further news here?

[neilyb675] 27/1/2025 14:30:02

what do you make of that ?

[neilyb675] 27/1/2025 14:28:57

1. Increase of authorised share capital

THAT, the authorised share capital of the Company be increased from £588,736.326 divided into 500,000,000 ordinary shares of a par value of £0.001 each, 44,368,163 deferred shares of a par value of £0.001 each and 44,368,163 A ordinary shares of a par value of £0.001 each to £4,157,536.326 divided into 4,068,800,000 ordinary shares of a par value of £0.001 each, 44,368,163 deferred shares of a par value of £0.001 each and 44,368,163 A ordinary shares of a par value of £0.001 each by the creation of an additional 3,568,800,000 ordinary shares of a par value of £0.001 each to rank pari passu in all respects with the existing ordinary shares, provided always that the approval granted by this resolution will be conditional on and shall take effect on receipt by the Company of a Conversion Notice issued by the Agent in accordance with Schedule 5 of the Facility Agreement.

[nicholasblake] 17/1/2025 11:30:16

The loan notes will inherit 80% of the company. So 0.75p/share would be a good outcome from here.

[tgl] 17/1/2025 11:00:59

Got a reply from the company:The accounts are now online and can be viewed here: FULCRUM UTILITY SERVICES LIMITED filing history - Find and update company information - GOV.UK Please note that we do not plan on publishing these on our own website or to produce an interim report. In terms of the JP Jenkins EQS, the news published last year covers these results: https://jpjenkins.com/fulcrum-returns-to-profitability-following-major-strategic-turnaround/Very disappointing they are not giving an interim update.

[webpax] 16/1/2025 17:22:06

Also I noticed the conversion price for the loan is now fixed at 0.5p. Previously it could have been less than that based on prior days trade prices.

[neilyb675] 16/1/2025 16:30:08

dividend ?

special dividend ??

or

buy out shareholders using excess cash ...???

[thiopia] 16/1/2025 16:27:48

That is one hell of a read ! thanks webpax

Net Assets per share of c. 5.4p

Revenue of £50m+ (i.e. over 10p per share)

Pipeline of £150m

[webpax] 16/1/2025 16:19:02

TGL, no problem. I guess they are not obliged to produce a half year statement now they are not listed. You could query with [e-mail] I've found them pretty responsive.

[tgl] 16/1/2025 15:35:25

Thanks Webpax. I've found them.They've still not given us any half year statement which is very disappointing.

[webpax] 16/1/2025 11:18:35

TGL, accounts for year to 31 March 2024 were filed with Companies House on 8th January. If you search under company number FC030006 you can find them.

[tgl] 16/1/2025 10:56:53

How much longer will we be kept in the dark about the company's performance? They have still not published the Accounts for the year to 31 March 2024, nor have they issued any interim statement for the 6 months to 30 September 2024.It would be good to hear something from the company who appear to be ignoring us small shareholders. Any ideas?

[nicholasblake] 19/11/2024 17:20:42

Fair enough, but I doubt the CH is particularly diligent on this type of obligation.

[webpax] 19/11/2024 15:04:59

You must tell Companies House within 14 days if your company details change. This includes:

company constitution (one of the documents made when you formed the company)


So this implies an ongoing obligation.

[nicholasblake] 19/11/2024 14:56:13

Ah, but is that an initial obligation, or an ongoing one?

[webpax] 19/11/2024 14:32:29

I disagree. From the Companies House website:

You must register an overseas company with Companies House if you want to set up a place of business in the UK.

Who must register
You must register if you set up a place of business in the UK or if you usually carry out business from somewhere in the UK.

Changes to company details
You must tell Companies House within 14 days if your company details change. This includes:

name
address
what the business does
details of directors, secretaries or people authorised to represent the company
company information, for example accounting requirements or the powers of directors or secretaries
company constitution (one of the documents made when you formed the company)

[nicholasblake] 19/11/2024 14:06:28

There is no requirement for a non-English company to file articles at companies house. They may have done that voluntarily whilst traded on AIM.

[webpax] 19/11/2024 13:50:47

That's irrelevant, they still file accounts at Companies House and I would expect to see them file the Amended Articles to replace the original ones currently showing at Companies House.

[nicholasblake] 19/11/2024 13:00:30

Fulcrum isn’t an English company!

[webpax] 19/11/2024 08:28:13

Anyone had sight of the Amended Articles? Can't find them on the website and they haven't filed them with Companies House yet (this must be done within 15 days of adoption).

[thiopia] 01/11/2024 15:26:53

Yes the 0.17p aligns with the last traded price of 0.15p

Nobody is throwing over £80k at a delisted stock which trades by appointment