BL CW HOLDINGS PLOT A1 COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  The Company, together with two other entities involved in the wider Canada Water Masterplan has access to a £150m loan facility. At the balance sheet date, the debt drawn amount was £127m of which £28.7m relates to the Company, maturing within 12 months in March 2026 and therefore classified as a current liability. Subsequent to the reporting date, agreement was reached with external lenders to extend the maturity date on £92m of the total £150m facility to July 2027. The going concern assessment has been performed over a period to December 2026. A portion of the facility is repayable in March 2026, amounting to £58m if the debt was fully drawn. As at the date of signing the financial statements, the total loan drawn across the entities involved in the Canada Water Masterplan was £135m, meaning £43m drawn would be repayable in March 2026. Repayment of the loan is expected from the proceeds from disposal of residential units included in the trading property balance of the trading structure parent company (which sits outside of the Group structure). However, practical completion of the trading property has been delayed, resulting in a delay of the disposal of the residential units. As a result of this delay, the Company requires additional financing in order to settle the £43m worth of debt falling due in March 2026, the source of which is not currently committed. This results in a material uncertainty arising that may cast doubt over the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable to continue as going concern. The Company is actively reviewing its loan positions and refinancing alternatives, and the directors remain confident that the existing facilities will be refinanced ahead of their maturity dates, supported by the value of the properties held within the Canada Water Masterplan structure and the wider Group's strong track record of securing funding. Based upon the above consideration, the Company continues to adopt the going concern basis of preparing the Company's financial statements.

1. BL CW HOLDINGS PLOT A1 COMPANY LIMITED 2017-10-16 → present
2. BL CW PLOT A1 HOLDING COMPANY LIMITED 2017-05-20 → 2017-10-16

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company, together with two other entities involved in the wider Canada Water Masterplan has access to a £150m loan facility. At the balance sheet date, the debt drawn amount was £127m of which £28.7m relates to the Company, maturing within 12 months in March 2026 and therefore classified as a current liability. Subsequent to the reporting date, agreement was reached with external lenders to extend the maturity date on £92m of the total £150m facility to July 2027. The going concern assessment has been performed over a period to December 2026. A portion of the facility is repayable in March 2026, amounting to £58m if the debt was fully drawn. As at the date of signing the financial statements, the total loan drawn across the entities involved in the Canada Water Masterplan was £135m, meaning £43m drawn would be repayable in March 2026. Repayment of the loan is expected from the proceeds from disposal of residential units included in the trading property balance of the trading structure parent company (which sits outside of the Group structure). However, practical completion of the trading property has been delayed, resulting in a delay of the disposal of the residential units. As a result of this delay, the Company requires additional financing in order to settle the £43m worth of debt falling due in March 2026, the source of which is not currently committed. This results in a material uncertainty arising that may cast doubt over the Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable to continue as going concern. The Company is actively reviewing its loan positions and refinancing alternatives, and the directors remain confident that the existing facilities will be refinanced ahead of their maturity dates, supported by the value of the properties held within the Canada Water Masterplan structure and the wider Group's strong track record of securing funding. Based upon the above consideration, the Company continues to adopt the going concern basis of preparing the Company's financial statements.”

Significant events

• “On the 20 June 2025, the Company, along with BL CW Holdings Plot A2 Company Limited and BL CW Holdings Plot A1 Trading Limited have entered into an agreement to extend the maturity date of £92m of the £150m green loan facility to 31 July 2027 (previously 1 March 2026).”

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

Filings

2

last 12 months

Capital events

0

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

  —

  Not reported

• Cash

  -9.2%

  £106,846 → £96,987

• Net assets

  -37.8%

  -£20,617,735 → -£28,417,875

• Employees

  —

  Not reported

• Operating profit

  +13.5%

  -£321,425 → -£277,906

• Profit before tax

  +59.5%

  -£19,286,030 → -£7,809,095

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