FOXHALL HOMES LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Although the Company reported a loss in the 2024-25 financial statements, it maintains positive net assets of £312k and has sufficient cash to meet its liabilities. Furthermore, the Company has access to additional funding through the Facility Agreement with its Shareholder. The Company is currently reviewing its Business Model to adapt to changing external dynamics and to revise its funding approach. The outcome of this review is expected to reduce risk and enhance the viability of future developments.”

Significant events

• “The parent company has committed equity funding of approximately £15m to support the transition from a development for sale model to a development for rental model.”
• “A request has been made to increase the existing loan facility from the current £44m to approximately £53m to fund ongoing development projects.”
• “The Company has also requested that future interest rates be fixed at 5% to reflect the social value associated with developing and renting residential properties.”
• “Post year end, the Company is revisiting its current model moving from a disposal-led model to a private rental model for ceratin developments currently under construction. These properties, previously intended for sale, will be retained and rented on upon completion. This will result in their reclassification from inventory to investment property in the future financial year.”

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

3

last 12 months

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

• Turnover

  -81.2%

  £1,004,155 → £188,671

• Cash

  -31.9%

  £453,519 → £308,628

• Net assets

  -65.6%

  £906,036 → £311,513

• Employees

  —

  Not reported

• Operating profit

  +24.5%

  -£299,880 → -£226,500

• Profit before tax

  +33.8%

  -£527,594 → -£349,038

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