WARWICK ESTATES PROPERTY MANAGEMENT LTD

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2021-12-31.

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

SP Spyrou & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared detailed forecasts and financial models, including downside scenarios, which demonstrate the Company's ability to meet its obligations over a period extending at least 12 months from the date of approval of the financial statements. The continued support of shareholders and access to committed banking facilities reinforce this assessment. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. WARWICK ESTATES PROPERTY MANAGEMENT LTD · parent
   1. Newton Jones Limited 100%
   2. Urban Owners Limited 100%
   3. Urban Life Property Management Limited 100%
   4. Esstoo Limited 100%
   5. CS2 Management LLP

Significant events

• “Revenue growth: Turnover increased to £8.98 million (2023: £8.38 million), driven by improved client retention, enhanced fee recovery and more stable contract delivery.”
• “Improved operating margin: Operating profit rose to £639,696, equating to a margin of 7.1% 2023: 5.2%), achieved through close control of administrative costs.”
• “Balance sheet strengthening: The shareholders' deficit reduced from £3.90 million to £3.54 million, underpinned by the retention of earnings and reduced debt servicing obligations.”
• “A key contributor to performance remains a major fixed-term contract, currently set to conclude in late 2025.”

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

Filings

10

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

  -16.5%

  £10,212,958 → £8,530,935

  lowest in 3 filed years

• Cash

  -72.4%

  £1,111,710 → £306,954

  lowest in 3 filed years

• Net assets

  -584.7%

  -£301,448 → -£2,063,971

  lowest in 3 filed years

• Employees

  -1.1%

  179 → 177

• Operating profit

  -330.1%

  -£344,693 → -£1,482,513

  lowest in 3 filed years

• Profit before tax

  -179.9%

  -£629,682 → -£1,762,523

  lowest in 3 filed years

• Wages

  -4.2%

  £5,707,739 → £5,467,255

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers