MSP CAPITAL LTD

1. MSP CAPITAL LTD 2013-03-15 → present
2. MARTIN SIMON PROPERTIES LIMITED 1981-02-03 → 2013-03-15

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MSP CAPITAL LTD · parent
   1. MSP Capital One Limited 100% · UK · Granting of credit
   2. MSP Capital Two Limited 100% · UK · Granting of credit
   3. MSP Capital Three Limited 100% · UK · Granting of credit
   4. MSP Capital Four Limited 100% · UK · Granting of credit
   5. MSP Capital Five Limited 100% · UK · Granting of credit
   6. Ocean View (Torquay) Residents Management Company Limited · UK · Dormant company

Significant events

• “Following the year end, the group completed a comprehensive refinancing of its funding structure. This included the repayment of its previously largest senior facility and its mezzanine facility and the establishment of new, larger facilities designed to support future growth.”
• “Subsequent to the year end, certain collateral pledged by customers was disposed of realising cash to settle previously impaired loan balances. The proceeds exceed the carrying amount of the loans by £1,075,723.”
• “In addition, the Group's majority shareholders have agreed to provide further equity capital to support future growth plans. This agreement is considered a non-adjusting post balance sheet event, as it was entered into after the reporting date, with receipt of funds anticipated shortly.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +2.6%

  £50,278,640 → £51,599,655

• Cash

  +79%

  £11,072,809 → £19,823,414

  highest in 4 filed years

• Net assets

  -8.1%

  £46,744,907 → £42,965,198

• Employees

  +4.7%

  43 → 45

  highest in 4 filed years

• Profit before tax

  +76.6%

  -£20,994,727 → -£4,902,386

• Wages

  +29.3%

  £2,692,227 → £3,480,283

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers