REDROW REAL ESTATE LIMITED

• ⚠

  Material uncertainty over going concern

  However, the Directors recognise that the extent of the uncertainty noted above relating to the potential future structure of the Redrow Group and funding arrangements to this Company, are matters which constitute a material uncertainty related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern and that it may therefore be unable to realise it's assets and discharge it's liabilities in the normal course of business.

• ◆

  7 officer resignations in last 12 months

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

1. REDROW REAL ESTATE LIMITED 2012-03-07 → present
2. REDROW REGENERATION (BARKING) LIMITED 2006-01-19 → 2012-03-07
3. UC (BARKING) LIMITED 2000-07-17 → 2006-01-19
4. ACRE 382 LIMITED 2000-05-18 → 2000-07-17

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Directors recognise that the extent of the uncertainty noted above relating to the potential future structure of the Redrow Group and funding arrangements to this Company, are matters which constitute a material uncertainty related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern and that it may therefore be unable to realise it's assets and discharge it's liabilities in the normal course of business.”

Significant events

• “On 7 February 2024, the Boards of Redrow plc and Barratt Developments plc ("Barratt") announced the terms of a recommended all-share offer for the combination of Redrow and Barratt (the "Combination").”
• “The Combination completed on 21 August 2024.”
• “Following the acquisition by Barrat Redrow plc the Redrow Group RCF was cancelled with effect from 8 October 2024.”
• “In accordance with standard practice, the Competition and Markets Authority ("the CMA") issued an Initial Enforcement Order requiring the Barratt and Redrow businesses to continue to operate independently until the CMA has formally accepted the undertakings proposed by the parties in response to the findings of its phase 1 investigation, or otherwise agrees to integration taking place.”
• “On 23 August 2024, the Financial Conduct Authority ("FCA") cancelled the listing of Redrow on the Official List maintained by the Financial Conduct Authority and the London Stock Exchange ("LSE") cancelled the trading of the Redrow's shares on the LSE's main market for listed securities.”
• “On 4 October 2024, the CMA approved the Combination.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

7

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +0.3%

  £11,258,103 → £11,290,708

• Employees

  —

  Not reported

• Operating profit

  +1,593.3%

  £2,712 → £45,922

• Profit before tax

  +1,593.3%

  £2,712 → £45,922

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