TP REIT PROPCO 2 LIMITED

1. TP REIT PROPCO 2 LIMITED 2018-01-26 → present
2. FPI CO 191 LTD 2017-10-06 → 2018-01-26

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 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors believe that the Company is well placed to manage its financing and other business risks and that the Company will remain viable, continuing to operate and meet its liabilities as they fall due. Based on the forecasts prepared and the intentions of the Ultimate Parent Company, the Directors consider that the Company will be able to settle its liabilities for a period of at least 12 months from the date of signing these financial statements and therefore has prepared these financial statements on the going concern basis.”

Significant events

• “My Space has not paid the Company any rent since June 2024, as it continues to face financial difficulties.”
• “On 31 January 2025, My Space and its appointed insolvency specialist, Begbies Traynor, issued a proposal for a company voluntary arrangement ("CVA") to remedy structural challenges in their business and avoid an administration or liquidation process. The proposal was passed by a creditor vote on 7 March 2025.”
• “With effect from 1 January 2025 Atrato Partners Limited ('Atrato') was appointed as the Investment Manager, taking over from TPIM. As part of the change of investment manager a new Investment Management Agreement was entered into between the Company and Atrato.”

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

  -7.2%

  £18,820,037 → £17,468,199

• Cash

  -0.6%

  £7,010,817 → £6,970,796

• Net assets

  -17.4%

  £130,649,660 → £107,875,146

• Employees

  —

  Not reported

• Operating profit

  -126.9%

  £24,211,686 → -£6,508,478

• Profit before tax

  -162.8%

  £18,897,582 → -£11,872,859

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