CENTRE ISLAND DEVELOPMENT COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  However, the circumstances outlined above in relation to the absence of a formal waiver being issued by the bank for the forecast covenant breaches, mean there remains a material uncertainty in making these assessments, which may cast significant doubt on the group's ability to continue as a going concern.

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the circumstances outlined above in relation to the absence of a formal waiver being issued by the bank for the forecast covenant breaches, mean there remains a material uncertainty in making these assessments, which may cast significant doubt on the group's ability to continue as a going concern.”

Significant events

• “During the year, on 3 May 2024, a groupwide facility was entered into, the total facility for the group was for £36m, over a 5-year term, with final repayment date of 3 May 2029.”
• “The Board obtained a professional valuation of the hotel in Q4 2024 and, after giving due consideration to the current market value of the Holiday Inn Ellesmere Port and the current UK Hotel Investment market decided to recognise a decrease in value based upon the valuation report.”

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

  -3.3%

  £7,316,731 → £7,077,942

• Cash

  -34.2%

  £765,686 → £504,026

• Net assets

  -11.9%

  £9,340,708 → £8,231,318

• Employees

  -0.8%

  121 → 120

• Operating profit

  -39.6%

  £1,093,852 → £660,653

• Profit before tax

  -69.4%

  £594,922 → £182,055

• Wages

  +3.4%

  £2,199,586 → £2,273,750

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