PORTHAVEN PROPERTIES LIMITED

• ⚠

  Material uncertainty over going concern

  Whilst the directors are confident that new facility arrangements will be put in place to satisfy the on-going requirements, the directors have concluded that the requirement to refinance within the going concern assessment period represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

1. PORTHAVEN PROPERTIES LIMITED 2011-12-14 → present
2. NEVAHTROP PROPERTIES LIMITED 2011-08-18 → 2011-12-14
3. DE FACTO 1876 LIMITED 2011-07-04 → 2011-08-18

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst the directors are confident that new facility arrangements will be put in place to satisfy the on-going requirements, the directors have concluded that the requirement to refinance within the going concern assessment period represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. PORTHAVEN PROPERTIES LIMITED · parent
   1. Porthaven Care Homes LLP 99.9% · England and Wales · operate care homes in the United Kingdom
   2. Porthaven Care Homes Limited 100% · England and Wales · operate care homes in the United Kingdom

Significant events

• “During the year certain subsidiaries within the Group were reorganised to better align with the Group's commercial objectives. Following this reorganisation, from 11 April 2024 the parent company of Porthaven Properties Limited changed from Porthaven Management Limited to FRC Star Group Bidco Limited. Furthermore, the company created a class of deferred shares which was subsequently cancelled through a capital reduction.”

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

Filings

5

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

  +3.2%

  £6,365,827 → £6,568,749

• Cash

  +36.5%

  £139,695 → £190,646

• Net assets

  -28.7%

  £144,035,673 → £102,675,473

• Employees

  —

  Not reported

• Operating profit

  -281.8%

  £4,467,108 → -£8,122,151

• Profit before tax

  -189.3%

  £7,241,535 → -£6,466,700

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