ARDMORE GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis. While there is a material uncertainty in respect of certain Building Liability Order (BLO) claims, this matter is addressed in detail in the notes to the financial statements. Having considered the Group's cash position, forecast trading performance, available facilities and the mitigating actions taken, the director considers the going concern basis to be appropriate. ... As a result of these events there is a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern, and therefore, the Group and the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis. While there is a material uncertainty in respect of certain Building Liability Order (BLO) claims, this matter is addressed in detail in the notes to the financial statements. Having considered the Group's cash position, forecast trading performance, available facilities and the mitigating actions taken, the director considers the going concern basis to be appropriate. ... As a result of these events there is a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern, and therefore, the Group and the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. ARDMORE GROUP LIMITED · parent
   1. Ardmore Construction Group Limited 100% · UK · Holding company
   2. Ardmore Construction Limited 100% · UK · General builder
   3. Ardmore Major Project Limited 100% · UK · General builder
   4. Landmark Facades Limited 100% · UK · General builder
   5. Ardmore Hotels & Commercial Limited 100% · UK · General builder
   6. Ardmore Regeneration Limited 100% · UK · General builder
   7. Ardmore Fitout Limited 100% · UK · General builder
   8. Paddington Construction Limited 100% · UK · Manufacturing
   9. British Contractors Plant Limited 100% · UK · Dormant
   10. Systemhaven Limited 100% · UK · Holding company
   11. Byrne Properties Limited 100% · UK · Property investment and development
   12. Celebration Homes Limited 100% · UK · Property investment and development
   13. Byrne Estates (Kensal Green) Limited 100% · UK · Property investment and development
   14. Kensal Green Management Company Ltd 100% · UK · Dormant

Significant events

• “Ardmore Construction Limited, a subsidiary of the group, fell into administration in August 2025. The decision to enter administration being a result of financial difficulties partly driven by the Court Judgment in the landmark case of BDW Trading Limited-v- Ardmore Construction Limited (2024) EWHC 3235 in December 2024, the result of which required Ardmore Construction Limited to pay £15m to BDW Trading Limited in relation to alleged fire safety defects on a particular development that achieved practical completion between 2003 and 2004.”

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

Filings

7

last 12 months

Capital events

4

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

  -14.2%

  £403,103,000 → £345,850,000

• Cash

  -67.3%

  £84,294,000 → £27,576,000

• Net assets

  -63.8%

  £64,777,000 → £23,424,000

• Employees

  +23.9%

  515 → 638

• Operating profit

  -269.9%

  -£11,643,000 → -£43,065,000

• Profit before tax

  -294%

  -£10,750,000 → -£42,355,000

• Wages

  +9.3%

  £35,332,000 → £38,628,000

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