LENDLEASE (ELEPHANT & CASTLE) RETAIL LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 to the financial statements which indicates that following the sale post year end of the Company's investment property and inventory there is uncertainty surrounding the Company's future activities, these events and conditions, along with the other matters explained in note 2, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

1. LENDLEASE (ELEPHANT & CASTLE) RETAIL LIMITED 2016-07-01 → present
2. LEND LEASE (ELEPHANT & CASTLE) RETAIL LIMITED 2015-10-09 → 2016-07-01
3. BLUEWATER LEND LEASE LIMITED 2000-07-11 → 2015-10-09
4. LEND LEASE MANCO LIMITED 1998-06-01 → 2000-07-11
5. HACKREMCO (NO.1341) LIMITED 1998-05-12 → 1998-06-01

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

KPMG LLP, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 to the financial statements which indicates that following the sale post year end of the Company's investment property and inventory there is uncertainty surrounding the Company's future activities, these events and conditions, along with the other matters explained in note 2, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “On 27 May 2024 the Lendlease Group announced a strategy update with key actions to simplify the organisational structure, exit international construction and accelerate the release of capital from its offshore development project and assets.”
• “In December 2024, the company had sold all its retail assets at Elephant Park and the directors are assessing the future possibilities of company's activities, which could include the transfer of other retail assets or wind up of the Company.”
• “In December 2024, Lendlease (Elephant & Castle) Retail Limited sold the retail assets situated at Elephant Park to Evolve Estates. At 30 June 2024 these assets were held on the balance sheet in Investment Property and Inventory.”

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

Filings

4

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

  +4.5%

  £1,832,000 → £1,915,000

• Cash

  +9.1%

  £2,045,000 → £2,231,000

• Net assets

  -199.4%

  -£9,165,000 → -£27,444,000

• Employees

  —

  Not reported

• Operating profit

  -74.3%

  -£7,699,000 → -£13,421,000

• Profit before tax

  -65.6%

  -£10,972,000 → -£18,167,000

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