DUNSTABLE PROPCO LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  The financial statements are prepared on a going concern basis notwithstanding that the company is in a net liability position of £2.2m for the year to 31 December 2023 (2022: £2.6m). At the time of the signing of the accounts, the immediate shareholder of the Company, Redefine Dunstable Limited is currently in negotiation for a change of ownership of the Company, through a subsidiary disposal from the wider Brightbay group, as described per note 11. As part of the disposal, the Directors have agreed that a proportion of the shareholder funding of £7.1m, which drives the net liability position, will be waived and the acquiror will repay the remaining balance as part of the sale and purchase agreement. Following completion of the disposal, the current Directors will have no oversight over the operations of the Company, including whether the Company continues to operate as a property holding company.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements are prepared on a going concern basis notwithstanding that the company is in a net liability position of £2.2m for the year to 31 December 2023 (2022: £2.6m). At the time of the signing of the accounts, the immediate shareholder of the Company, Redefine Dunstable Limited is currently in negotiation for a change of ownership of the Company, through a subsidiary disposal from the wider Brightbay group, as described per note 11. As part of the disposal, the Directors have agreed that a proportion of the shareholder funding of £7.1m, which drives the net liability position, will be waived and the acquiror will repay the remaining balance as part of the sale and purchase agreement. Following completion of the disposal, the current Directors will have no oversight over the operations of the Company, including whether the Company continues to operate as a property holding company.”

Significant events

• “No material events occurred after the period.”

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

  +46.5%

  £654,000 → £958,000

• Cash

  —

  Not reported

• Net assets

  +14.7%

  -£2,561,000 → -£2,185,000

• Employees

  —

  Not reported

• Operating profit

  -59.9%

  £1,316,000 → £528,000

• Profit before tax

  -67.3%

  £1,210,000 → £396,000

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