BUSINESS MORTGAGE FINANCE 5 PLC

• ⚠

  Material uncertainty over going concern

  We draw your attention to the going concern disclosures made in note 1.2 in the financial statements concerning the Company's ability to continue as a going concern. The most senior class of notes outstanding have the right to request the security trustee issues an enforcement notice to the Company, which could result in determining

1. BUSINESS MORTGAGE FINANCE 5 PLC 2006-05-30 → present
2. POCKETGRANGE PLC 2006-03-30 → 2006-05-30

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

Ecovis Wingrave Yeats LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to the going concern disclosures made in note 1.2 in the financial statements concerning the Company's ability to continue as a going concern. The most senior class of notes outstanding have the right to request the security trustee issues an enforcement notice to the Company, which could result in determining”

Significant events

• “During the year there were £Nil write offs applied to the principal (2023: £1,777k) and capital repayments received were £3,670k (2023: £6,020k).”
• “The impairment provision held against the Loans at the year end, to cover any shortfall on realisation of proceeds from the sale of the underlying properties was £123k as at 30 November 2024 compared to £57k as of 30 November 2023.”
• “During the year, note holders of the M2 Notes, received incorrect interest payments on the May 2024 and August 2024 IPD. The Company had sufficient funds to make the correct payments, and paid remedial amounts in the November IPD, and the shortfalls were cured at the reporting date.”

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

Filings

3

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

  —

  Not reported

• Cash

  -18.1%

  £2,542,000 → £2,082,000

• Net assets

  -9.5%

  -£43,215,000 → -£47,315,000

• Employees

  —

  Not reported

• Operating profit

  -36.1%

  -£3,013,000 → -£4,100,000

• Profit before tax

  -36.1%

  -£3,013,000 → -£4,100,000

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