PORTHAVEN PROPERTIES NO 2 LIMITED

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  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.

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 NO 2 LIMITED · parent
   1. Porthaven Care Homes No 2 Limited 100% · England and Wales · operates care homes

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 No 2 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

1

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.