ELITE PHOENIX LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's ability to continue as a going concern is dependent on the successful completion of certain divestments of investment properties and continued financial support from its ultimate parent, Elite UK Commercial Fund III. The financial statements of Elite UK Commercial Fund III include a material uncertainty related to going concern, which may affect the availability of such support.

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 Company's ability to continue as a going concern is dependent on the successful completion of certain divestments of investment properties and continued financial support from its ultimate parent, Elite UK Commercial Fund III. The financial statements of Elite UK Commercial Fund III include a material uncertainty related to going concern, which may affect the availability of such support.”

Significant events

• “On 6 November 2024, the Company received an offer from an unrelated party for the sale of an investment property, Albion House, Scarborough, for a consideration of £0.5m. The sale was completed on 15 January 2025.”
• “In October 2024, the Company commenced marketing of Penhaligon House, St. Austell for sale. Subsequent to the reporting date, the Company received an offer from an unrelated party for a consideration of £2.05m which was accepted. The Company is in negotiation with the potential buyer to sign a sale and purchase agreement.”
• “On 10 June 2025, the Company and a related party, Elite Dram Limited, entered into an agreement for the sale of three investment properties for a consideration of £9.2 million. The transaction was completed on 20 June 2025 and £6.03m of the net proceeds from the sale were used for repayment of bank loans.”
• “On 21 March 2025, the Company and its related company, Elite Crest Limited, entered into agreements for sale of three investment properties for a sale consideration of £23.3 million. As part of the intragroup transfer, the Company has also assigned the amounts owed to group undertakings equivalent to the sale consideration from the Company to Elite Crest.”

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

Filings

20

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

  -21.1%

  £8,007,000 → £6,315,000

• Cash

  -54.7%

  £4,259,000 → £1,930,000

• Net assets

  +25.5%

  -£14,782,000 → -£11,019,000

• Employees

  0%

  1 → 1

• Operating profit

  +205.4%

  -£6,990,000 → £7,369,000

• Profit before tax

  +147.2%

  -£9,904,000 → £4,676,000

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