ANDREWS ESTATE AGENTS LIMITED

1. ANDREWS ESTATE AGENTS LIMITED 1988-06-14 → present
2. ANDREWS AND PARTNERS LIMITED 1961-08-10 → 1988-06-14

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. This assumption is based on a review of the company's financial forecasts and projections, which include assumptions about future revenue growth, cost management, and the continued profitability of the Company. The Directors have a reasonable expectation that the business has adequate resources to continue to operate for the next 12 months from the date of approval of these accounts. The Directors are confident that the group has transitioned to a more profitable basis and there is no longer a material uncertainty around the going concern assumption. For these reasons, the Directors consider it appropriate to continue adopting the going concern basis in preparation of the Financial statements. They have not identified any material uncertainties that would cast significant doubt on the Group's ability to continue as a going concern for the foreseeable future.”

Significant events

• “There has been a continued strategy of liquidating some of the assets of the business since 2023. The cash from this has been utilised to fully repay the bank loans taken out by the group during the COVID crisis, the repayment of the short-term liquidity loan provided by the parent company, Andrews Charitable Trust, and the acquisition of further Letting portfolios. The group as of April 2025 is debt free.”
• “The Company has an outstanding loan with another group entity, Andrews Letting and Management Limited. The Company pays interest on this loan each year. The loan has been written down by £3m (£6.5m write down in 2023) during the year and will look to be repaid by the end of 2025.”
• “There have been two properties sold in January and March 2025 with the funds being used to reduce group debt and provide funding for the group's acquisition strategy.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11.3%

  £8,869,084 → £9,872,877

• Cash

  +89.3%

  £337,042 → £638,085

• Net assets

  +99.5%

  £1,220,534 → £2,435,502

• Employees

  -7.6%

  236 → 218

• Operating profit

  -75.4%

  £5,096,701 → £1,254,098

• Profit before tax

  -75.1%

  £4,899,999 → £1,219,968

• Wages

  -1.6%

  £7,063,685 → £6,952,961

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers