THE BOUTIQUE WORKPLACE COMPANY LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
Cash
£856K
-77.3% vs 2024
Net assets
-£10M
-49.2% vs 2024
Employees
92
+17.9% vs 2024
Profit before tax
-£3M
-1,338.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As the company is an obligor to this loan, a material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern and therefore its ability to realise its assets and settle its liabilities within the ordinary course of business.
Name history
Renamed 1 time since incorporation
- THE BOUTIQUE WORKPLACE COMPANY LIMITED 2015-03-02 → present
- MOORGARTH ASSET MANAGEMENT LIMITED 2015-01-28 → 2015-03-02
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2025-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Turnover | £30,241,000 | £32,256,000 | |
| Operating profit | £733,000 | -£2,292,000 | |
| Profit before tax | -£226,000 | -£3,250,000 | |
| Net profit | -£419,000 | -£3,333,000 | |
| Cash | £3,777,000 | £856,000 | |
| Total assets less current liabilities | £5,944,000 | -£6,346,000 | |
| Net assets | -£6,779,000 | -£10,112,000 | |
| Equity | -£6,779,000 | -£10,112,000 | |
| Average employees | 78 | 92 | |
| Wages | £3,498,000 | £3,829,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Operating margin | 2.4% | -7.1% | |
| Net margin | -1.4% | -10.3% | |
| Return on capital employed | 12.3% | 36.1% | |
| Gearing (liabilities / total assets) | 130.7% | 150.1% | |
| Current ratio | 0.42x | 0.17x | |
| Interest cover | 0.62x | -1.95x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As the company is an obligor to this loan, a material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern and therefore its ability to realise its assets and settle its liabilities within the ordinary course of business.”
Group structure
- THE BOUTIQUE WORKPLACE COMPANY LIMITED · parent
- Ventia Limited 100%
- Queen Street Business Centre Limited 100%
- Golden Square Business Centre Limited 100%
- Thomas Street Business Centre Limited 100%
- John Street Business Centre Limited 100%
- Queen Street (City) Business Centre Limited 100%
- Bedford Square Business Centre Limited 100%
- Christopher Street Business Centre Limited 100%
- Wimbledon Business Centre Limited 100%
- Margaret Street Business Centre Limited 100%
- Southampton Place Business Centre Limited 100%
Significant events
- “During the financial year to 28th February 2025 The Boutique Workplace Company looked to continue its expansion and growth strategy following a successful year of growth in the previous year. During the financial year Boutique successfully opened three new leasehold buildings and entered into one new management agreement, due to the size of the workplaces opened this represented expansion beyond the companies budgeted expectations.”
- “In the reporting period to May 25 covenants were breached in relation to the Groups loan with HSBC and RMB. As a result of this breach a new banking facility was agreed with a £1m cure payment made to reduce lending position down to £1.8m and to adjust the reporting covenants to allow for a phased lookback period to ignore periods of non-compliance and build up position again.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOOTH-LIDDLE, Kyle Joseph | Secretary | 2024-01-05 | — | — |
| ESTERHUYSE, Friedrich Hans | Director | 2025-04-09 | Jan 1970 | South African |
| JONES, Danielle Leigh | Director | 2023-03-01 | Jun 1989 | British |
| SMITH, Daniel James | Director | 2025-04-09 | Nov 1971 | British |
| TATE, Daniel James Gilson | Director | 2020-11-01 | Mar 1990 | British |
| WHEBLE, Daniel Reeves | Director | 2016-07-26 | Sep 1976 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Daniel James | Secretary | 2016-07-01 | 2024-01-05 |
| WOOD, Nicola Claire | Secretary | 2015-01-28 | 2016-07-01 |
| HALL, David Paul Andrew | Director | 2015-01-28 | 2025-09-12 |
| HARROP, David Anthony | Director | 2015-01-28 | 2021-06-30 |
| NORDIER, Karen Louise | Director | 2015-01-28 | 2023-06-19 |
| VAUGHAN, Timothy Andrew | Director | 2015-01-28 | 2023-07-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Moorgarth Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-17 | Active |
| Mr Paul Johannes Roelofse | Individual | ownership-of-shares-50-to-75-percent-as-trust, voting-rights-50-to-75-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2022-04-01 | Ceased 2022-11-17 |
| Mr Iaan Van Heerden | Individual | ownership-of-shares-50-to-75-percent-as-trust, voting-rights-50-to-75-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2022-04-01 | Ceased 2022-11-17 |
| Mr Jan Kock Van Der Merwe | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2018-11-22 | Ceased 2022-04-01 |
| Jacob Wiese | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2022-11-17 |
| Philip Biden | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2022-11-17 |
| Christoffel Wiese | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2022-11-17 |
| Mandy Dix-Peek | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2022-04-01 |
| Michael Black | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2022-04-01 |
| Gerhardus Liebenberg | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2018-11-22 |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-17 | AA | accounts | Accounts with accounts type group | |
| 2025-09-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-20 | CH03 | officers | Change person secretary company with change date | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-03 | AA | accounts | Accounts with accounts type group | |
| 2024-06-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-04 | AA | accounts | Accounts with accounts type group | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-09-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-09-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-09-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-02-28 vs 2024-02-29
-
Turnover
+6.7%
£30,241,000 £32,256,000
-
Cash
-77.3%
£3,777,000 £856,000
-
Net assets
-49.2%
-£6,779,000 -£10,112,000
-
Employees
+17.9%
78 92
-
Operating profit
-412.7%
£733,000 -£2,292,000
-
Profit before tax
-1,338.1%
-£226,000 -£3,250,000
-
Wages
+9.5%
£3,498,000 £3,829,000
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