University Of Manchester Innovation Factory Limited

The principal activity of the company is to identify and assess The University of Manchester's intellectual property and select and register that intellectual property which has commercial potential and to undertake its commercialisation by licensing and/or spin-out company project management and to give advice to The University of Manchester on good practice university intellectual property policy and procedures. GOING CONCERN After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is part of the wider University of Manchester group of companies. The University of Manchester, the ultimate parent company of the group, has confirmed in writing its intention to provide ongoing support to the company for a period of at least 12 months from the date of signature of these accounts. Having considered the ability of the University of Manchester to provide that support, and based on the confirmation received, the directors believe that the company is well placed to manage its business risks successfully. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.