LOVELL PROPERTY RENTAL LIMITED

• ⚠

  Material uncertainty over going concern

  The Company is in the process of selling the remaining twelve units with the sale expected to complete shortly after the approval of the financial statements. Once this sale is completed it is expected that the Company will cease operating however there are currently no plans to liquidate the company. As a result of this the accounts will be prepared on an other than going concern basis. An unconditional letter of support has been provided by the ultimate parent company, Morgan Sindall Group Plc through to 12 months from the date of the balance sheet approval to ensure the Company can meet its financial liabilities as and when they fall due, to the extent that the Company has insufficient funds to meet such liabilities. Forecast cashflows have been reviewed which indicate this commitment can be met through the existing cash balances.

1. LOVELL PROPERTY RENTAL LIMITED 2009-07-13 → present
2. ENSCO 747 LIMITED 2009-06-26 → 2009-07-13

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company is in the process of selling the remaining twelve units with the sale expected to complete shortly after the approval of the financial statements. Once this sale is completed it is expected that the Company will cease operating however there are currently no plans to liquidate the company. As a result of this the accounts will be prepared on an other than going concern basis. An unconditional letter of support has been provided by the ultimate parent company, Morgan Sindall Group Plc through to 12 months from the date of the balance sheet approval to ensure the Company can meet its financial liabilities as and when they fall due, to the extent that the Company has insufficient funds to meet such liabilities. Forecast cashflows have been reviewed which indicate this commitment can be met through the existing cash balances.”

Significant events

• “There were no subsequent events that affected the financial statements of the Company.”

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

1

last 12 months

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

• Turnover

  -18.2%

  £33,000 → £27,000

• Cash

  -66.7%

  £3,000 → £1,000

• Net assets

  -38.7%

  £462,000 → £283,000

• Employees

  —

  Not reported

• Operating profit

  -2,900%

  £6,000 → -£168,000

• Profit before tax

  -2,900%

  £6,000 → -£168,000

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