1978 BHEADSC (FREEHOLDCO) LIMITED

• ◆

  5 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. 1978 BHEADSC (FREEHOLDCO) LIMITED 2025-12-03 → present
2. BRAEHEAD GLASGOW LIMITED 1999-07-30 → 2025-12-03
3. BRAEHEAD PARK RETAIL LIMITED 1996-04-30 → 1999-07-30
4. J SAINSBURY (BRAEHEAD) INVESTMENTS LIMITED 1992-09-30 → 1996-04-30
5. 163RD SHELF INVESTMENT COMPANY LIMITED 1992-06-23 → 1992-09-30

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 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and will have adequate funds available to meet its obligations as they fall due. In considering the appropriateness of this assumption, the directors have assessed the likelihood of whether the Company will be able to continue in operation for the foreseeable future versus the likelihood of either intending to or being forced to cease trading and place the Company into liquidation. In making this assessment, the directors have considered that the Company's going concern status is intrinsically linked to the prospects of the Group.”

Significant events

• “In April 2024, the Group completed a landmark £445.0 million refinancing led by Lloyds Bank plc ("Lloyds"), a new third party lender.”
• “Also in April 2024, the Group successfully concluded a broader capital structure reorganisation.”

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

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +6.7%

  £13,500,000 → £14,400,000

• Cash

  +533.3%

  £900,000 → £5,700,000

• Net assets

  +51.2%

  -£117,400,000 → -£57,300,000

• Employees

  —

  Not reported

• Operating profit

  +332.5%

  £16,900,000 → £73,100,000

• Profit before tax

  +2,604.5%

  £2,200,000 → £59,500,000

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