HB (HDG) LIMITED

• ⚠

  Material uncertainty over going concern

  However, the Directors recognise that the extent of the uncertainty noted above relating to the potential future restructuring of the Redrow Group and funding arrangements to this Company, are matters which constitute material uncertainties related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern and that it may therefore be unable to realise it's assets and discharge it's liabilities in the normal course of business.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. HB (HDG) LIMITED 2010-07-01 → present
2. REDROW HOLDINGS LIMITED 1994-02-10 → 2010-07-01
3. REDROW GROUP PLC 1986-03-11 → 1994-02-10
4. GODDENMART LIMITED 1986-02-18 → 1986-03-11

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Directors recognise that the extent of the uncertainty noted above relating to the potential future restructuring of the Redrow Group and funding arrangements to this Company, are matters which constitute material uncertainties related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern and that it may therefore be unable to realise it's assets and discharge it's liabilities in the normal course of business.”

Group structure

1. HB (HDG) LIMITED · parent
   1. Redrow Homes Limited 100% · UK · house building and development
   2. Harrow Estates plc 100% · UK · house building and development
   3. Redrow Construction Limited 100% · UK · house building and development

Significant events

• “On 7 February 2024, the Boards of Redrow plc (now named Redrow Limited) and Barratt Developments plc ("Barratt") announced the terms of a recommended all-share offer for the combination of Redrow and Barratt (the "Combination").”
• “On 15 May 2024, the shareholders of both Barratt and Redrow voted in favour of the Combination.”
• “The Combination completed on 21 August 2024, having received the sanction of the High Court of Justice in England and Wales the day prior.”
• “On 23 August 2024, the Financial Conduct Authority ("FCA") cancelled the listing of Redrow on the Official List maintained by the Financial Conduct Authority and the London Stock Exchange ("LSE") cancelled the trading of the Redrow's shares on the LSE's main market for listed securities. In accordance with the terms of the Combination, Barratt acquired the entire issued ordinary share capital of Redrow at an exchange ratio of 1.44 new Barratt shares for each Redrow share.”
• “On 4 October 2024, the CMA approved the Combination.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +64.9%

  £1,183,000,000 → £1,950,900,000

• Employees

  —

  Not reported

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