KENSINGTON ROW PROPERTY LIMITED

1. KENSINGTON ROW PROPERTY LIMITED 2018-10-23 → present
2. KENSINGTON ROW J PROPERTY LIMITED 2018-09-20 → 2018-10-23

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

Affirmed

“The directors have prepared the financial statements on a going concern basis as the directors do not anticipate any significant changes in its operations and has concluded that the Company's financial position is satisfactory and realistic. There are no material uncertainties that could cast doubt over its ability to continue as a going concern for at least 12 months from the date of the approval of the financial statements.”

Group structure

1. KENSINGTON ROW PROPERTY LIMITED · parent
   1. Kensington Row Property (Coe House) Limited 100% · Dormant
   2. Kensington Row Property (Eliot House) Limited 100% · Dormant

Significant events

• “The Company recorded a loss after tax of £30.5m (2023: loss of £20.6m). Operating loss has been influenced by broader economic market conditions, which have affected the Company's ability to meet its sales targets.”
• “The main driver of the increase in net assets was the intercompany debt due to the Parent Company, Riverstone Living Holdings Limited, being swapped for one ordinary share of the Company, ultimately reducing debt and interest burden to the Company going forward.”
• “On 10 July 2025, the Company entered into a £186.4 million term loan facility with funds managed by Arini Capital. The loan matures three years from the date of first drawdown and includes two optional one-year extensions... Proceeds from the new facility were used to fully settle the outstanding debt owed to Cheyne Capital Management (UK) LLP on the same day.”
• “On 29 November 2024, the board approved the intercompany loan waiver, which was subsequently filed with Companies House on 4 December 2024. As a result of this, on 4 December 2024, the intercompany loan and associated interest was swapped for 1 Ordinary share, with a nominal value of £1. Share premium arising on the transaction amounted to £75,346,315.”

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

Filings

10

last 12 months

Capital events

8

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +129.6%

  £10,375,965 → £23,822,889

• Cash

  +119.5%

  £1,685,859 → £3,700,466

• Net assets

  +142.5%

  £44,069,259 → £106,870,321

• Employees

  +9.1%

  33 → 36

• Operating profit

  -37.1%

  -£7,433,040 → -£10,191,541

• Profit before tax

  -48%

  -£20,642,357 → -£30,545,444

• Wages

  +51%

  £1,438,116 → £2,171,774

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