BMG (ASHFORD) PARTNERSHIP TRUSTCO LIMITED

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  Material uncertainty over going concern

  The financial information presented within these financial statements has been prepared on a going concern basis. The Company, as part of the wider Heathrow Group of companies, has sufficient liquidity and adequate resources to continue in operational existence for the foreseeable future. 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. BMG (ASHFORD) PARTNERSHIP TRUSTCO LIMITED 2002-11-20 → present
2. BAA-MCARTHUR/GLEN (ASHFORD) PARTNERSHIP TRUSTCO LIMITED 2000-10-03 → 2002-11-20
3. SHELFCO (NO.1962) LIMITED 2000-08-01 → 2000-10-03

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial information presented within these financial statements has been prepared on a going concern basis. The Company, as part of the wider Heathrow Group of companies, has sufficient liquidity and adequate resources to continue in operational existence for the foreseeable future. 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) PARTNERSHIP TRUSTCO LIMITED · parent
   1. The BMG (Ashford) Limited Partnership 99% · United Kingdom

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

1

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.