THEBARNETGROUP LIMITED

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

IFRS

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have reviewed the Group's forecasts as described above, and on this basis, as well as the London Borough of Barnet's stated intention to support TheBarnetGroup Limited, the Board consider preparation of the Financial Statements on a going concern basis to be appropriate.”

Group structure

1. THEBARNETGROUP LIMITED · parent
   1. Barnet Homes Limited · UK · Arms' Length Management Organisation (ALMO), housing management, repairs, homelessness assessments, home ownership services, financial management of HRA, resident involvement.
   2. Your Choice (Barnet) Limited 100% · UK · Specialist care and support services for adults with physical and learning disabilities, manage extra-care schemes and care homes.
   3. TBG Flex Limited 100% · UK · Recruitment and employment of staff.
   4. TBG Open Door Limited · UK · Community Benefit Society, development and management of affordable housing.
   5. Bumblebee Lettings Limited 100% · UK · Private lettings agency.

Significant events

• “Changes to the directors during the year: June Riley retired; Councillor Paul Edwards and Group Chief Executive Tim Mulvenna resigned; John Osborn, Councillor Zahra Sapsard and Elliott Sweetman joined.”
• “The Group recorded a deficit of £3,375,000 (2024: £4,980,000 deficit) before the actuarial loss on the pension scheme.”
• “The Directors do not propose a dividend for the year.”
• “Barnet Homes' 10-year management contract with the Council, expiring 31 March 2026, accounts for over 50% of turnover. Negotiations for a new contract have taken place.”
• “Right to Buy (RTB) sales amounted to 35 units (2024: 28 units), with approximately 60 RTB sales expected in 2025/26 due to changes in discount levels.”
• “Hester Court, a newly built 75-unit Extra Care scheme, was handed over during April 2025.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +17.9%

  £116,551,000 → £137,411,000

• Cash

  -18.6%

  £31,499,000 → £25,639,000

• Net assets

  -52.4%

  -£12,342,000 → -£18,812,000

• Employees

  +1.3%

  876 → 887

• Operating profit

  +51.5%

  £2,379,000 → £3,603,000

• Profit before tax

  +32.2%

  -£4,980,000 → -£3,375,000

• Wages

  +14.6%

  £30,550,000 → £34,996,000

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