THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC

• ⚠

  Material uncertainty over going concern

  The directors have concluded that until the EoDs described above have been formally waived or deemed remedied by the Credit Provider and the full extent and costs of rectification works are known, these issues represent a material uncertainty that could (in the event of Creditors then exercising their rights) cast significant doubt on the Company's ability to continue as a going concern and therefore the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

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)

Auditor

BDO LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“The directors have concluded that until the EoDs described above have been formally waived or deemed remedied by the Credit Provider and the full extent and costs of rectification works are known, these issues represent a material uncertainty that could (in the event of Creditors then exercising their rights) cast significant doubt on the Company's ability to continue as a going concern and therefore the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC · parent
   1. The Coventry and Rugby Hospital Company (Holdings) Limited 100% · United Kingdom · Parent company, put into Administration by the Credit Provider.

Significant events

• “CWPT issued a termination notice to the Company on 1 February 2023.”
• “The Company's parent company, The Coventry and Rugby Hospital Company (Holdings) Limited, was put into Administration by the Credit Provider on 25 April 2023.”
• “The Company and Vinci Construction UK Limited entered into a Settlement Deed on 12 April 2024, agreeing to terminate the Hard Services Agreement as of 30 April 2024.”
• “From 1 May 2024 Mitie FM Limited have provided the Hard Services as Agent of Operation for an initial period of 24 months.”
• “The Company referred the matter regarding the Estimated Fair Value of the Agreement to the Dispute Resolution Procedure on 30 January 2024.”
• “On 2 June 2024 the Trust served a Referral Notice in relation to a new dispute concerning deductions in the amount of £29,674,914.”
• “The Standstill Agreement has been extended to 14 November 2025.”
• “The Company repaid £24,169,000 of the Index Linked Secured Guaranteed Bonds in 2024 (2023: £62,244,000).”
• “The CWPT portion of the Bonds totalling £44,801,000 was redeemed on 18 September 2023.”

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

Filings

2

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.