PARTNER CONSTRUCTION LIMITED

• ◆

  4 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PARTNER CONSTRUCTION LIMITED 2011-03-15 → present
2. JCCO 258 LIMITED 2010-10-18 → 2011-03-15

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cashflow forecasts, which take into account reasonable sensitivities, in order to assess the future funding requirements of the Company and the wider United Living Group and its committed finance facilities. After making appropriate enquiries, the Directors have reasonable expectation that the Company and the Group have adequate resources to continue in operating existence for the foreseeable future. Accordingly, the Directors continue to adopt the going concern basis in preparing the Annual Report and financial statements.”

Group structure

1. PARTNER CONSTRUCTION LIMITED · parent
   1. Partner Contracting Limited 100% · Residential development

Significant events

• “The Group made the strategic decision to wind down its New Homes business during the current financial year.”
• “During the year to 31st March 2025 the Group made a £11.5m operating loss. This loss includes the trading performance of the New Homes business.”
• “The directors have identified costs of £10,408k (2024: £nil) that are exceptional due to the winding down of the New Homes business.”
• “In June 2025 the total term loan was increased from £198m to £308m, alongside an increase in the Acquisition facility from £100m to £150m. In addition, on 27 June 2025, the Board approved and paid a dividend of £87.9m.”

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

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -15.2%

  £57,347,000 → £48,614,000

• Cash

  -6.9%

  £2,408,000 → £2,241,000

• Net assets

  -217.5%

  £3,941,000 → -£4,631,000

• Employees

  -4.7%

  43 → 41

• Operating profit

  -678.5%

  £1,802,000 → -£10,425,000

• Profit before tax

  -768.7%

  £1,573,000 → -£10,518,000

• Wages

  +2%

  £2,554,000 → £2,606,000

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