AIM:SELK · Financials · AIM-quoted cash shell / special purpose acquisition (investing) company targeting consumer, e-commerce, technology or digital media sectors

Selkirk Group plc

Selkirk Group PLC is an AIM-quoted investing company (cash shell), incorporated 24 September 2024 and admitted to trading on AIM on 7 November 2024, raising net proceeds of approximately £7.1 million. Its principal activity is to pursue an acquisition of a trading business or holding company via a Reverse Takeover (RTO), targeting the consumer, e-commerce, technology or digital media sectors with an initial UK focus. No acquisition had completed by the balance sheet date or by report sign-off.

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1 annual report read

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Sources: Companies House (1)

FY2026Next report expected 14 Apr 2027
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Sixty seconds on the FY2025 report
Selkirk Group PLC is a cash shell: a stock-market company with no trading business, set up to buy one. The report's key figures show no revenue and no previous year to compare with, and a loss after tax of £439k. The loss includes one-off fees for assessing possible acquisitions, certain intellectual property costs and a £159,403 non-cash charge for a management incentive plan. One opportunity, buying the MyProtein brand from THG plc, did not go ahead. Selkirk ended the year with £6.9m in cash and no borrowings. The report shows £7.3m raised by issuing new shares, and no dividend is recommended. Cash was £6.8m at 28 February 2026, with monthly running costs of about £25,000 largely covered by interest on deposits. The board says talks are continuing with several possible targets. The main warning is a deadline: Selkirk must make an acquisition or renew shareholder approval of its investment policy by 7 May 2026, and failure is a stated principal risk. The auditors gave a clean opinion and found no material doubts about its ability to keep operating, while noting this depends on that renewal.
From the reportevery line sits on the page it names
One-offs in the year
RTO evaluation fees and certain IP costs within administrative expenses
page 5
What management said
The Board has reviewed a broad pipeline of potential opportunities over the course of the Period. While several discussions have been constructive, the Company has remained disciplined in its approach and has not proceeded with a transaction that does not meet its strategic and valuation criteria.
page 4
After the year end
Note 22 states there were no events after the reporting date to report. (Note: the going concern note separately discloses, as a non-adjusting disclosure, that cash balances were £6.8 million at 28 February 2026.)
page 44
The dividend
The Directors do not recommend any dividend for the period; the Company (cash shell with no trading operations) has not proposed a dividend.
page 10
Going concern and the audit
Unqualified ('true and fair') audit opinion from Crowe U.K. LLP (senior statutory auditor Leo Malkin), dated 7 April 2026. Auditors concluded the directors' going concern basis is appropriate, noting dependency on renewal of the Investment Policy under AIM Rule 8; no material uncertainties identified. Directors note cash of £6.8 million held at 28 February 2026 (post period end), debt-free, with monthly operating costs of circa £25,000 largely covered by deposit interest income. Key audit matter: fair valuation of the Management Incentive Plan (MIP).
page 11
The risks it names first
Acquisition risk (e.g. an abort scenario) resulting in expenditure of time, effort and shareholders' funds.p.6
Failure to raise any funds required to complete a transaction.p.6
Acquisition fails to deliver shareholder value.p.6
Dependence on key individuals and contacts.p.6
Read from C001169-AR-2025-ch.