FRENCHGATE INTERCHANGE LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

• ⚠

  Material uncertainty over going concern

  The group bank facilities expired in July 2021 and at year end are on demand. Subsequent to the year end the group sold its investment property holdings, the proceeds for which were used to repay a portion of the debt obligations outstanding. The group has ceased operations but continues to have material debt obligations due on demand. The directors are in discussions with the group's bankers however note the group is not in a position to discharge its liabilities in the normal course of business. As a result, the directors have not prepared the financial statements of the Group and Company on a going concern basis and all assets have been stated at their recoverable amount. Additionally, full provision has been made for losses expected to be incurred up to the date the Group will be wound up, and for the estimated costs of wind up of the Group.

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

Consolidated group

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The group bank facilities expired in July 2021 and at year end are on demand. Subsequent to the year end the group sold its investment property holdings, the proceeds for which were used to repay a portion of the debt obligations outstanding. The group has ceased operations but continues to have material debt obligations due on demand. The directors are in discussions with the group's bankers however note the group is not in a position to discharge its liabilities in the normal course of business. As a result, the directors have not prepared the financial statements of the Group and Company on a going concern basis and all assets have been stated at their recoverable amount. Additionally, full provision has been made for losses expected to be incurred up to the date the Group will be wound up, and for the estimated costs of wind up of the Group.”

Group structure

1. FRENCHGATE INTERCHANGE LIMITED · parent
   1. Caféfirst Limited 100% · United Kingdom · Investment holding
   2. Europa Frenchgate LP Limited 100% · United Kingdom · Investment holding
   3. Foodearth Limited 100% · United Kingdom · Investment holding
   4. Frenchgate LP Limited 100% · United Kingdom · Investment holding
   5. Frenchgate General Partner Limited 100% · United Kingdom · Investment holding

Significant events

• “Subsequent to the year end the group sold its investment property holdings, the proceeds for which were used to repay a portion of the debt obligations outstanding.”

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

  +2.4%

  £12,816,666 → £13,117,928

• Cash

  -54.7%

  £5,899,604 → £2,674,029

• Net assets

  -68.5%

  -£139,302,096 → -£234,734,281

• Employees

  —

  Not reported

• Operating profit

  -16.4%

  £3,263,434 → £2,727,009

• Profit before tax

  -351.4%

  -£12,291,591 → -£55,487,252

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