HARGREAVES PROPERTIES LIMITED

1. HARGREAVES PROPERTIES LIMITED 1981-12-31 → present
2. HARGREAVES PROPERTIES LIMITED 1964-03-06 → 1981-12-31

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

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed that a material uncertainty related to going concern does not exist and the use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “Inflation eased and interest rates began to decline, offering some relief after a prolonged period of economic uncertainty.”
• “Acquisitions in 2024 remained selective, totalling approximately £4 million and focussed on value-adding enhancements to existing holdings.”
• “Achieved the successful completion and full tenant occupation of our retail scheme in Alton.”
• “Development of a drive-to retail coffee outlet in Hedge End is now in construction and is expected to be occupied before the end of 2025.”
• “The second phase of our Waterlooville retail development is progressing. The space is now fully pre-let and construction is due to commence before the end of 2025 and due to be completed before the end of 2026.”
• “Outline planning has recently been granted for the remainder of the site at Waterlooville.”
• “Refurbishment works to existing assets are well underway across several key assets, including our office portfolio on Queens Road, Brighton, and three office buildings in Guernsey.”
• “In Shoreham, significant upgrades to our industrial holdings which returned to us in 2024 following the administration of a long-standing tenant are progressing through phased completions of buildings to aid marketing.”
• “Company operating income increased by 2.5% on a like-for-like basis.”
• “The commercial portfolio's vacancy rate rose to 9.5% (2023: 5.8%) by the end of 2024, largely due to continued weakness in the office market.”
• “Strengthened our management team throughout 2024 and 2025. We also brought the management of several estates back in-house to improve service quality, tenant relationships and ensure our product presents well.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +4.8%

  £13,520,781 → £14,170,794

• Cash

  +3.3%

  £1,845,160 → £1,906,636

• Net assets

  +8.2%

  £108,899,538 → £117,797,489

• Employees

  0%

  3 → 3

• Operating profit

  +33.1%

  £12,001,049 → £15,971,667

• Profit before tax

  +32.6%

  £12,002,347 → £15,919,963

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