FREP 4 (KENSINGTON) OPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
Cash
£1M
+82.6% vs 2023
Net assets
-£3M
-12.7% vs 2023
Employees
146
+20.7% vs 2023
Profit before tax
-£381K
-88.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2.3 in the financial statements, which indicates that the Company is in a net liability position as at the 31 December 2024 and the Company's fellow subsidiary, FREP 4 (Kensington) Propco Limited, has a loan facility of £79.7m as noted in the post balance sheet events note 22, which following an extension in July 2025, is due to expire on 31 July 2026. The lender, if it chose, has the right not to extend the facility and could demand the repayment of the loan on 31 July 2026 which would be within 12 months of the approval of this annual report and financial statements, and therefore within the going concern period. If repayment of the loan facility were demanded, due to the current economic conditions, the directors of FREP 4 (Kensington) Propco Limited might not be able to obtain a new facility or extend the existing facility. If this were to occur, the Company's parent entity may withdraw its support from all subsidiaries and the Company may not be able to continue as a going concern.
Name history
Renamed 1 time since incorporation
- FREP 4 (KENSINGTON) OPCO LIMITED 2022-04-14 → present
- HPL (OLYMPIA) LIMITED 2017-06-27 → 2022-04-14
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £17,759,386 | £18,229,182 | |
| Operating profit | -£204,545 | -£389,448 | |
| Profit before tax | -£201,949 | -£381,150 | |
| Net profit | -£180,722 | -£381,150 | |
| Cash | £612,521 | £1,118,671 | |
| Total assets less current liabilities | -£2,867,816 | -£3,248,966 | |
| Net assets | -£2,999,224 | -£3,380,374 | |
| Equity | -£2,999,224 | -£3,380,374 | |
| Average employees | 121 | 146 | |
| Wages | £3,035,256 | £3,151,061 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -1.2% | -2.1% | |
| Net margin | -1.0% | -2.1% | |
| Return on capital employed | 7.1% | 12.0% | |
| Gearing (liabilities / total assets) | 156.9% | 162.5% | |
| Current ratio | 0.47x | 0.52x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.3 in the financial statements, which indicates that the Company is in a net liability position as at the 31 December 2024 and the Company's fellow subsidiary, FREP 4 (Kensington) Propco Limited, has a loan facility of £79.7m as noted in the post balance sheet events note 22, which following an extension in July 2025, is due to expire on 31 July 2026. The lender, if it chose, has the right not to extend the facility and could demand the repayment of the loan on 31 July 2026 which would be within 12 months of the approval of this annual report and financial statements, and therefore within the going concern period. If repayment of the loan facility were demanded, due to the current economic conditions, the directors of FREP 4 (Kensington) Propco Limited might not be able to obtain a new facility or extend the existing facility. If this were to occur, the Company's parent entity may withdraw its support from all subsidiaries and the Company may not be able to continue as a going concern.”
Significant events
- “In July 2025, the Company's fellow subsidiary, FREP 4 (Kensington) Propco Limited, formally extended the repayment date of the loan facility to 31 July 2026. The facility was also increased from £79.7m to £82.7m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRATTON, Carol Ann | Secretary | 2022-04-08 | — | — |
| BRAND, Josephine Clare | Director | 2022-04-08 | Apr 1967 | British |
| NOLAN, Gerard Bernard | Director | 2022-04-08 | Dec 1960 | British |
| ROGERS, Andrew Ian | Director | 2022-04-08 | Nov 1967 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORRIS, Gabrielle Catherine Victoria | Secretary | 2021-02-17 | 2022-04-08 |
| ALLIBONE, Timothy Kennar | Director | 2022-04-08 | 2022-11-11 |
| BRAY, Paul Baron | Director | 2022-04-08 | 2025-12-04 |
| MATTHEWS, John Paul | Director | 2022-11-01 | 2025-10-31 |
| ROBERTS, Andrew Christopher | Director | 2017-06-27 | 2022-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Frep 4 (Kensington) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-08 | Active |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-04-14 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-28 | AA | accounts | Accounts with accounts type full | |
| 2025-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-22 | AA | accounts | Accounts with accounts type small | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-04 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-05-06 | AA | accounts | Accounts with accounts type small | |
| 2022-04-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-04-14 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-04-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+2.6%
£17,759,386 £18,229,182
-
Cash
+82.6%
£612,521 £1,118,671
-
Net assets
-12.7%
-£2,999,224 -£3,380,374
-
Employees
+20.7%
121 146
-
Operating profit
-90.4%
-£204,545 -£389,448
-
Profit before tax
-88.7%
-£201,949 -£381,150
-
Wages
+3.8%
£3,035,256 £3,151,061
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