HAULFRYN LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1b to the financial statements, which indicates that Haulfryn Group Limited (a company under common control)'s financing agreement with its bank is due to expire in August 2026, which is within the going concern period of 12 months from the date that the financial statements were authorised for issue. The financing agreement with the bank is partially secured over the assets of the Company. If Haulfryn Group Limited were unable to refinance or find alternative financing arrangements, they, together with the Company are not forecast to have sufficient funds to be able to repay the debt that would be due to the bank when the current facilities expire in August 2026. As stated in note 1b, these events or conditions, along with other matters as set forth in note 1b, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern. Our opinion is not modified in respect of this matter.

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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1b to the financial statements, which indicates that Haulfryn Group Limited (a company under common control)'s financing agreement with its bank is due to expire in August 2026, which is within the going concern period of 12 months from the date that the financial statements were authorised for issue. The financing agreement with the bank is partially secured over the assets of the Company. If Haulfryn Group Limited were unable to refinance or find alternative financing arrangements, they, together with the Company are not forecast to have sufficient funds to be able to repay the debt that would be due to the bank when the current facilities expire in August 2026. As stated in note 1b, these events or conditions, along with other matters as set forth in note 1b, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. HAULFRYN LIMITED · parent
   1. Lleyn Estates Limited 1% · Non trading

Significant events

• “During the year, the Company disposed of its Edgeley Park site, generating a profit on disposal of £4.9m.”
• “The Company disposed of its Willows, Riverside site in February 2025, its Dewlands site in April 2025 and its Mytchett site in September 2025.”
• “The Company had entered into a legally binding agreement to dispose of its Willows, Riverside site for £11m gross proceeds, with a long-stop completion date of 31 July 2025. The net book value of assets associated with site was £7.2m at the year end. The disposal was completed in February 2025.”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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

  +19.6%

  £36,219,000 → £43,324,000

• Cash

  +43.9%

  £2,390,000 → £3,439,000

• Net assets

  -6.8%

  £119,205,000 → £111,125,000

• Employees

  +11.1%

  199 → 221

• Operating profit

  -136.7%

  £5,552,000 → -£2,040,000

• Profit before tax

  -138.7%

  £5,513,000 → -£2,134,000

• Wages

  +3.1%

  £7,254,000 → £7,480,000

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