ANNINGTON PROPERTY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have assessed that the Company, through the Group, generates sufficient additional cash flows to settle their obligations as and when they fall due. This assessment is made on the basis of the Company's continued operations, and access to the Group's existing cash reserves. Based on this analysis, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of not less than twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the Annual Report and Financial Statements.”

Group structure

1. ANNINGTON PROPERTY LIMITED · parent
   1. Annington Rentals (Holdings) Limited 100%
   2. Annington Limited 100%
   3. Annington Homes Limited 100%
   4. Annington Funding Plc 100%
   5. Annington Developments (Holdings) Limited 100%
   6. Annington Rentals Limited 100%
   7. Annington Rentals (No.3) Limited 100%
   8. Annington Rentals (No.5) Limited 100%
   9. Annington Rentals (No.7) Limited 100%
   10. Annington Rentals Management Limited 100%
   11. Annington Rentals (No.2) Limited 100%
   12. Annington Rentals (No.4) Limited 100%
   13. Annington Rentals (No.6) Limited 100%
   14. Annington Rentals (No.8) Limited 100%
   15. Annington Developments Limited 100%
   16. Countryside Annington (Mill Hill) Limited 100%
   17. St Andrew's Park Triangle (Uxbridge) Management Company Limited 100%
   18. Annington Subsidiary Holdings Limited 100%
   19. Annington Management Limited (Administration) 100%
   20. Annington Property (No.2) Limited 100%
   21. Annington Property Limited 100% · Property Owner
   22. Annington Receivables Limited 100% · Cash Manager
   23. Annington Guarantee Limited 100% · Guarantor P/Share
   24. Annington Nominees Limited 100% · Management Company
   25. Annington (DA) Investment Limited 100%

Significant events

• “On 9 January 2025, Annington Property Limited successfully completed the sale of the Married Quarters Estate ('MQE'), surrendering its 999-year lease over 36,344 Units to the Ministry of Defence ('MoD').”
• “the Company sold 353 further Units which didn't align with the Company's strategic plans.”
• “The Company has received planning for 29 residential homes in Windsor, Twickenham and Abingdon with a Gross Development Value ('GDV') of circa £16 million.”
• “Subsequent to the year end, the Company received planning permission for 82 homes in Brize Norton, with a GDV in excess of £26 million and has successfully secured planning for 27 homes in Bushey with a GDV of circa £14 million.”
• “On 16 December 2024, Annington exchanged contracts for the sale of its interests in the MQE to the MoD and this agreement subsequently completed on 9 January 2025 (the completion date). Annington surrendered its 999-year lease to the MoD, and in return, the MoD paid Annington £5,994.5 million as a surrender premium, rent payments until completion and a further top-up payment on the completion date.”
• “On 1 August 2025, the Company entered into an exclusivity agreement in respect of the acquisition of circa 300 single family homes and is targeting completion of that acquisition in September 2025.”
• “On 18 August 2025, the Trustee notified the issuer that an extraordinary meeting was held that day and that the necessary quorum was satisfied at the Meeting. The Issuer and Guarantors have been informed that an extraordinary resolution was passed at this meeting, resolving, among other things, that BNY Mellon Corporate Trustee Services Limited was removed as Trustee in relation to the Outstanding Notes pursuant to the applicable provisions of the Trust Deeds. The Issuer expects to engage in dialogue with the Trustee concerning the Extraordinary Resolution and the next steps contemplated by the Trust Deeds.”

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

Filings

5

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -16%

  £225,107,000 → £189,074,000

• Cash

  +90.7%

  £39,169,000 → £74,710,000

• Net assets

  -95.8%

  £6,410,442,000 → £271,750,000

• Employees

  —

  Not reported

• Operating profit

  -4,881.8%

  £13,760,000 → -£657,973,000

• Profit before tax

  -14,326.7%

  -£4,667,000 → -£673,294,000

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