LONDON - Alpha Growth PLC (LSE: ALGW and OTCQB: ALPGF), a company specializing in life insurance-linked wealth and asset management, has announced a change in its accounting reference date, transitioning its fiscal year-end from December 31 to March 31, starting with the year ending March 31, 2025. The next set of audited financial statements will cover a 15-month period and is expected to be released by July 31, 2025.
The decision to change the year-end date was made to afford the incoming auditors ample time to complete their onboarding process and prepare for the audit. The company's directors also cited the benefit of avoiding the busy year-end audit season, allowing auditors to dedicate sufficient resources to Alpha Growth and its subsidiaries.
In compliance with the Listing Rules, Alpha Growth will provide unaudited interim financials for the 12-month period ending December 31, 2024, by March 31, 2025.
Alpha Growth's business focuses on offering consultancy and advisory services in the longevity assets market, a sector known for its non-correlation to traditional investment markets like real estate, equity capital, and commodities. The company's strategy includes expanding its services through acquisitions and joint ventures in the UK and the US to provide comprehensive solutions to institutional investors interested in longevity assets.
As per the company's statement, it is important to note that Alpha Growth only advises on and manages longevity assets originating in the highly regulated structured and life settlement market in the USA.
This change in the accounting reference date is based on a press release statement issued by Alpha Growth PLC. The company has not been endorsed or promoted in this article, which focuses solely on reporting the facts as presented in the press release.
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