BOATFOLK MARINAS LIMITED

• ⚠

  Material uncertainty over going concern

  However, due to the potential change in ownership of the ultimate parent company, decisions regarding the future operations of the company that may be taken by the prospective new owners and directors have not yet been determined at the date of approval of these financial statements. Due to this, there is an existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern, and therefore as a result it may be unable to realise its assets and discharge its liabilities in the ordinary course of business.

• ◆

  3 officer resignations in last 12 months

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

1. BOATFOLK MARINAS LIMITED 2020-05-06 → present
2. DEAN & REDDYHOFF LIMITED 1992-10-16 → 2020-05-06
3. BRANKSOME 159 LIMITED 1992-09-10 → 1992-10-16

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, due to the potential change in ownership of the ultimate parent company, decisions regarding the future operations of the company that may be taken by the prospective new owners and directors have not yet been determined at the date of approval of these financial statements. Due to this, there is an existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern, and therefore as a result it may be unable to realise its assets and discharge its liabilities in the ordinary course of business.”

Group structure

1. BOATFOLK MARINAS LIMITED · parent
   1. Quay Marinas Group Limited 100% · England & Wales · dormant
   2. Quay Marinas Limited 100% · England & Wales · dormant
   3. Portland Marina Limited 100% · England & Wales · dormant

Significant events

• “Subsequent to the reporting date, the shareholders of the company's ultimate parent undertaking, Boatfolk Marina Group Limited, entered into an exclusivity agreement with a third party regarding the potential acquisition of the entire issued share capital of the Group. As at the date of approval of these financial statements, due diligence and negotiations remain ongoing, and no binding agreement has been executed.”
• “Material post-balance sheet events have been disclosed within the ultimate parent company, Boatfolk Marinas Group Limited.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +4%

  £23,030,566 → £23,956,310

• Cash

  +14.8%

  £535,072 → £614,216

• Net assets

  -8.6%

  £59,210,912 → £54,113,241

• Employees

  +7.1%

  183 → 196

• Operating profit

  -1,225.7%

  £844,394 → -£9,505,708

• Profit before tax

  -920.9%

  £1,172,575 → -£9,625,305

• Wages

  +13.1%

  £4,820,341 → £5,452,681

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