BMG (ASHFORD) GENERAL PARTNER LIMITED

• ⚠

  Material uncertainty over going concern

  However, the Heathrow Group has been in discussions to sell the Company. Currently, the transaction is forecast to complete within the 12 months of the approval of these financial statements. Since, following completion of the transaction, the Directors would no longer have control over the Company, and at the date of these accounts they do not have full knowledge of the new ultimate parent undertaking's future intentions and funding plans in relation to the Company, this gives rise to a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BMG (ASHFORD) GENERAL PARTNER LIMITED 2002-11-20 → present
2. BAA-MCARTHUR/GLEN (ASHFORD) GENERAL PARTNER LIMITED 1998-09-10 → 2002-11-20
3. SHELFCO (NO.1526) LIMITED 1998-07-24 → 1998-09-10

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Heathrow Group has been in discussions to sell the Company. Currently, the transaction is forecast to complete within the 12 months of the approval of these financial statements. Since, following completion of the transaction, the Directors would no longer have control over the Company, and at the date of these accounts they do not have full knowledge of the new ultimate parent undertaking's future intentions and funding plans in relation to the Company, this gives rise to a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.”

Group structure

1. BMG (ASHFORD) GENERAL PARTNER LIMITED · parent
   1. BMG (Ashford) Limited 100% · United Kingdom · Dormant
   2. BMG (Ashford) Partnership Trust Co Limited 100% · United Kingdom · Dormant

Significant events

• “A dividend of £1,334,551 (2022: £nil) was paid to Heathrow Enterprises Limited on 31 May 2024. Subsequent to the dividend payment, the tax accrual for the period was found to be understated by £12,866. As a result, the distributable reserves as at 31 May 2024 were overstated by £12,866 and this portion of the dividend was declared in excess of the Company's actual distributable reserves. Post period end, to address this issue, rectification steps were taken to remedy the position. As part of the rectification steps, on 15 November 2024, Heathrow Enterprises Limited made a capital contribution to the Company of £17,156, taking the Company's net assets to £4,291 and eliminating the deficit on distributable reserves.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

2

last 12 months

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