They are, as others have pointed out, but the statements here mean that there isn’t sufficient evidence to conclude that they are with reasonable assurance.
The Twitter thread from the ex auditor below is is Quite useful on the generic ideas of going concern. I’m not sure the thread from the Fintech consultant is as useful in technical audit/accounting terms.
Of course it is all a personal judgement call, but personally I take this as a sensible warning from management and the auditor. There is enough detail here to enable us all to make those judgements.
I’d encourage people to read the detail in the annual report and not rely on hope or press comment.
I love Monzo and they’re my main bank and have been for ages. I have moved a chunk of my savings out though, as a precaution. It will likely come back once the risk reduces again. Don’t want to end up with hassle - I’m aware it’s protected by FSCS etc…