Questions, answered plainly.
For UK companies, groups and their advisers.
The service
What does Pramanex do?
We read a company’s annual report and statutory accounts the way a regulator, an auditor or a lender would, and list what does not meet the law, the applicable reporting framework or the company’s own filings. Each observation shows the page, the highlighted words and the rule, and is reviewed by our professionals before release.
Which rules do you check against for UK companies?
The Companies Act 2006 (including the strategic report, directors’ report and remuneration report requirements), the Large and Medium-sized Companies Regulations 2008, UK-adopted IFRS or FRS 101/102, the UK Listing Rules, the Disclosure Guidance and Transparency Rules, the UK Corporate Governance Code and, for AIM companies, the AIM Rules, in the version in force for the period.
Can a family office or a high-net-worth individual use Pramanex?
Yes, in two ways. For companies the family owns or controls, a family office can commission reviews of their accounts and monitoring of the holding group’s filings directly. For companies it invests in, the work is investor-facing, and we do it only through an appropriately FCA-authorised partner.
Does it cover subsidiaries, not just the parent?
Yes. Group filing monitoring covers every UK subsidiary: deadlines, late filings, and exemptions claimed under s.394A, s.400 and s.479A tested against their conditions. The free group filing check gives the deadline view instantly.
How is this different from the audit?
The auditor gives an opinion on the financial statements. We read the whole annual report together, front half and back half, against last year, your announcements and your filings, and point out where they disagree with each other or with the rules. It complements the audit and replaces nothing.
Can you guarantee that the FRC will not write to us?
No. A review reduces the risk of a reporting error reaching the market; it cannot remove it, and it does not cover every matter. Each point we raise is supported by the page and the rule.
Process
How do we start?
Request a proposal. After a short call we run a conflicts check, confirm the fee in pounds, sign the NDA and put our reviewer on your insider list. You pay in advance and share the draft through the secure method we agree.
How long does it take?
Ten working days from payment and a complete draft. Faster turnaround can be agreed at scoping, subject to capacity.
What do we receive?
A report of observations, each with its page, highlighted extract, the rule quoted and suggested wording, and a review workbook for your team’s responses.
Confidentiality and inside information
Our draft annual report is inside information. How do you handle it?
We sign an NDA and our reviewer is placed on your insider list under UK MAR before any draft is shared. Nobody who reviews a draft trades in, advises on or publishes about that company. Never send a draft through this website or by email.
Who receives the report?
When a company commissions a review of its own report, the CFO and the audit committee chair receive it together. A review commissioned by a lender or diligence team is built only from public documents and goes only to that client.
Do you use our documents to train AI?
No. The AI service we use processes documents under terms that do not allow training on customer data. With Enterprise, the model runs in your own cloud account.
Fees and payment
What does it cost?
UK engagements are quoted in pounds after a short call, based on the size and complexity of the report or the number of entities. The group filing check is free.
When do we pay?
In full, in advance, after the fee is confirmed and before work starts. Invoices are issued by Finversal Capital Services Private Limited.
Data
Where is our data processed?
Agreed in each engagement letter before anything is shared. Website enquiries are stored in Mumbai, India, under the UK International Data Transfer Agreement or the UK Addendum; see our privacy notice.
Can the draft stay inside our own systems?
Yes, through Enterprise: a scoped deployment of the engine in your own AWS or Google Cloud account, with your own AI account. It starts with a paid scoping study and pilot. See the architecture.
What Pramanex is, and is not
Is this an audit or assurance?
No. It is AI-assisted observations, reviewed by professionals. It is not an audit, not an assurance opinion, not a certification and not legal advice.
Who is behind Pramanex?
Pramanex is a service of Finversal Capital Services Private Limited, a company incorporated in India. It was built by a senior finance professional with more than 20 years in statutory reporting, including UK group reporting. See About.
Can an accountancy firm use Pramanex?
Yes, as the engine behind your own service for clients you do not audit, under your own engagement. Talk to us about firm terms.
Declarations
Is Pramanex regulated by the FCA, or a registered auditor?
No. Pramanex is not authorised by the FCA, does not carry on regulated investment activities, is not a registered auditor or a firm of chartered accountants, and does not sign audit or assurance reports.
Are you affiliated with the FRC, the FCA, the London Stock Exchange or Companies House?
No. References to their rules and publications are for identification only. The free group filing check uses public Companies House data under the Open Government Licence.
Is anything here investment or legal advice?
No. Nothing we publish or deliver is a recommendation about any security, an opinion on a company’s value, or legal advice. Investor-facing work is done only through an appropriately authorised partner.
How is AI used, and what does a person do?
AI reads the documents and proposes candidate observations, with the page, the extract and the rule. A second pass argues the company’s side. Our professionals review every point before release; nothing reaches a report without that review. The report says this on its cover.
Who may rely on a report?
Only the client who commissioned it, for the stated purpose. It may be shared with the board and its committees, the auditors, a regulator or a court, and legal advisers, with its status statement intact. It may not be published or quoted publicly without our written consent.
What is your liability?
As set out in the service agreement: limited to the fee paid for the engagement, with no liability for indirect loss, penalties or decisions taken on the observations. Nothing limits liability that cannot be limited under English law, such as for fraud.
Are the companies on this site real?
Yes. The viewer and the samples show real listed companies, reviewed from public documents, with names, people, places, dates, sector and distinctive figures masked. We do not publish findings about any named company.
How do we complain or make a data request?
Email hello@pramanex.com or call or WhatsApp +91 90110 04765. UK GDPR rights are explained in section 12 of the privacy notice, including your right to complain to the Information Commissioner’s Office.
Legal terms
Does using this website, or contacting you, make us your client?
No. An engagement exists only when a conflicts check is passed, the fee is confirmed, and the service agreement, the order form and the NDA are signed. Until then nothing on this website, in an email or on a call is advice to you or creates any duty to you.
Who are we contracting with?
Pramanex is a brand of Finversal Capital Services Private Limited, a company incorporated in India (CIN U66190OD2025PTC049940). Finversal issues every contract and invoice.
Which law applies, and where are disputes decided?
The law of India. A dispute about an engagement goes first to a meeting of senior people, then to arbitration before a sole arbitrator under the Arbitration and Conciliation Act 1996, seated at Cuttack, Odisha, in English; arbitral awards are enforceable in most countries under the New York Convention. Other disputes about this website go to the courts at Cuttack. This applies even though you are outside India. A signed engagement letter may set different terms for an engagement.
Does a report cover everything, and does silence mean compliance?
No. A report covers the documents, periods and rules stated in its scope, as they stood on its date. It is not an audit and is not exhaustive. If a matter is not raised, that does not mean the documents comply with the law or are free of error.
Who remains responsible for the annual report?
The company and its directors. We do not prepare, approve, sign, file or certify any report or financial statement. Every decision on an observation, including to change nothing, is yours.
Can someone else rely on a report you gave to a client?
No. A report is prepared for the client who commissioned it, for the stated purpose. We accept no duty of care and no liability to anyone else, including the reviewed company’s shareholders, lenders, investors, auditors or regulators who see a copy. Every report says so on its declaration page.
Will you update a report if the law or the facts change?
No. A report speaks only as at its date, on the documents and the law in force then. We have no duty to update it unless a new engagement is agreed.
May we quote Pramanex or publish a report?
Not without our written consent. You may share a full report, with its declaration page intact, with your board and committees, your auditors, a regulator or court, and your legal advisers.
What if we send confidential information before an NDA is signed?
Please do not. Information sent through this website or by email before an NDA is signed is not received in confidence; we may delete it and accept no responsibility for it.
Can you decline or end an engagement?
Yes: after a conflicts check, where the law prohibits the work (including sanctions laws), if fees are not paid, or if we are asked to change or remove an observation. The service agreement sets out refunds.
How reliable is the information on this website?
It is general information, provided as is, and may be out of date or incomplete; laws change. Statistics we compile from public disclosures state their source. Do not rely on anything here without checking the source or taking professional advice.
Where are the full terms?
The website terms, the privacy notice and, for an engagement, the service agreement and NDA, which we send before you commit. Questions: talk to us.
Not answered here? Talk to us; we reply within one working day.
Your annual report will be in draft before the year-end audit.
Have it read before it is published.
Under NDA, with our reviewer on your insider list under UK MAR.