DANATAUGUSTA PROPCO2 LIMITED

• ⚠

  Material uncertainty over going concern

  However, notwithstanding these significant steps forward, the Group is still in the early stages of a turnaround. Whilst the base case and plausible downside case indicate sufficient funding facilities are in place, and the shareholder remains supportive of the Group, a large part of the Group's operations remain dependent on weather variables, a factor outwith management's control. This may significantly impact the Group's ability to achieve its forecasts, i.e. the level of sales and EBITDA profitability generated that will in turn affect the Group's liquidity position and cash headroom levels over the going concern assessment period. These factors indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern.

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 (FRS 101)

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, notwithstanding these significant steps forward, the Group is still in the early stages of a turnaround. Whilst the base case and plausible downside case indicate sufficient funding facilities are in place, and the shareholder remains supportive of the Group, a large part of the Group's operations remain dependent on weather variables, a factor outwith management's control. This may significantly impact the Group's ability to achieve its forecasts, i.e. the level of sales and EBITDA profitability generated that will in turn affect the Group's liquidity position and cash headroom levels over the going concern assessment period. These factors indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. DANATAUGUSTA PROPCO2 LIMITED · parent
   1. DanAtAugusta Propco 3 Limited 100% · England · Property holding company

Significant events

• “The restructuring plan allowed the Group to exit the leases of 24 over-rented loss-making stores and to secure rent concessions on a further two loss-making sites.”
• “The restructuring plan secured additional funding of £28m from the Company's owners in the form of an additional working capital facility which matures on 31 December 2027.”
• “Group intercompany liabilities of £130.8m were also discharged.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -32.1%

  £208,930,000 → £141,927,000

• Employees

  —

  Not reported

• Operating profit

  -26.7%

  -£56,047,000 → -£71,009,000

• Profit before tax

  -28.3%

  -£51,194,000 → -£65,671,000

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