CARTMEL CARE HOMES LTD

1. CARTMEL CARE HOMES LTD 2020-12-15 → present
2. APPLERIGG INVESTMENTS LIMITED 2020-09-08 → 2020-12-15
3. SAND AIRE INVESTMENT MANAGEMENT LIMITED 2008-09-26 → 2020-09-08

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

Abridged

Yes — abridged accounts (limited disclosure)

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“The directors have prepared these accounts on a going concern basis. At the time of approving these financial statements and in coming to this conclusion the directors have assessed current and expected trade and support for the Group. The Group has made a loss in the year of £2,609,800 (2023: £1,754,030), has net current liabilities of £2,397,623 (2023: assets £1,874,028) and net liabilities of £5,500,071 (2023: £2,890,271) at Balance Sheet date. The Group is financed through shareholder funds and debt funding, received through Cartmel Care Midco Limited who has lent the money to its subsidiaries and funds the activities of the Group. Therefore, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.”

Group structure

1. CARTMEL CARE HOMES LTD · parent
   1. Cartmel Care Midco Limited 100% · United Kingdom
   2. Wenvoe Care Home Limited 100% · United Kingdom
   3. Wenvoe Opco Limited 100% · United Kingdom

Significant events

• “The Group is in the process of constructing and will then operate a care home.”
• “The Group and Company are subject to fixed and floating charge arrangements with GCP Asset Backed Income (UK) Limited and Applerigg Limited, covering all the property and undertakings.”
• “A further loan of £1,667,827 was received in 2024 from Applerigg and the interest accrued for the year was £120,218.”

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

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -89.9%

  £2,466,619 → £249,609

• Net assets

  -90.3%

  -£2,890,271 → -£5,500,071

• Employees

  +280%

  10 → 38

• Operating profit

  -142.7%

  -£445,393 → -£1,080,849

• Profit before tax

  -48.8%

  -£1,754,030 → -£2,609,800

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