OPW GROUND RENTS LIMITED

• ⚠

  Material uncertainty over going concern

  These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.

• ◆

  Audit opinion: Disclaimer of opinion

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

1. OPW GROUND RENTS LIMITED 2012-12-04 → present
2. GROSVENOR ASSET MANAGEMENT UK LIMITED 2007-02-28 → 2012-12-04
3. BELGRAVIA LEASES LIMITED 2007-02-19 → 2007-02-28
4. GROSVENOR FIFTY LIMITED 2006-07-21 → 2007-02-19

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”

Significant events

• “In November 2023, the Government published a consultation paper proposing a number of options to impose a cap (including peppercorn ground rents) retrospectively on residential ground rents.”
• “The Leasehold and Freehold Reform Act 2024 was included in the legislative wash-up immediately prior to the dissolution of Parliament and became law on 24 May 2024, requiring secondary legislation.”
• “Building safety continues to be a significant issue affecting the market. Within the Company, two properties within the portfolio have building safety issues, and an overall discount of £646,580 (2023: £981,642) has been applied.”
• “On 31 March 2025, the Company's portfolio was independently valued at £2,728,899, showing a like-for-like reduction of £294,631 or -9.7% compared with the independent valuation as at 30 September 2024.”
• “In April 2025, the United States of America initiated sweeping tariff arrangements against their global trading partners. This has heightened macro-economic uncertainty, with potential for escalating trade policy responses.”
• “The Company has provided a composite cross guarantee in favour of Santander UK plc in respect of GRIF048 Limited's bank loan.”

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

Filings

4

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

  +9.3%

  £286,284 → £313,033

• Cash

  —

  Not reported

• Net assets

  -90.5%

  £736,279 → £69,651

• Employees

  —

  Not reported

• Operating profit

  -862.8%

  £87,393 → -£666,628

• Profit before tax

  -862.8%

  £87,393 → -£666,628

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