FOLIO LONDON LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. FOLIO LONDON LIMITED 2015-01-20 → present
2. NOTTING HILL MARKET RENT LIMITED 2007-02-09 → 2015-01-20

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

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have received confirmation that the ultimate parent undertaking, Notting Hill Genesis will provide all necessary financial support to the company for at least twelve months after the date on which the report and financial statements are signed. ... As a result, the directors believe that preparing the financial statements on the going concern basis is appropriate and that no material uncertainty exists.”

Group structure

1. FOLIO LONDON LIMITED · parent
   1. Folio Treasury Holding Limited 100% · England and Wales · Folio Treasury Holdings Limited is set up to act as the holding company of Folio Treasury Limited.

Significant events

• “The current strategy of Notting Hill Genesis is principally to strengthen the groups' financial resilience. In view of this the board has been reviewing its strategic options for the group's market rent portfolio and have concluded with the decision to progress with a sale of the entire portfolio.”
• “There was a slight reduction due to the sale of 125 units at Beaufort Park, Kew Bridge, Marine Wharf, Saffron Square and Stanmore Place.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +8.7%

  £13,835,000 → £15,040,000

• Cash

  +25.3%

  £5,520,000 → £6,919,000

• Net assets

  -15%

  £363,332,000 → £308,752,000

• Employees

  -7%

  43 → 40

• Operating profit

  -274.4%

  £10,652,000 → -£18,579,000

• Profit before tax

  -486.9%

  £12,982,000 → -£50,226,000

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