FPE (UK) 1 LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for a period through to 30 September 2026. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for a period through to 30 September 2026 and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “On 6 February 2025, the Company entered into a Deed of Variation ("DoV") with The Crown Estate to extend the existing ground lease to a 125-year term, expiring on 5 February 2150. The completion of the DoV will effect a deemed surrender of the existing lease and regrant of a new lease. The Company paid a £20,000,000 premium for the lease extension.”
• “Subsequent to the reporting date, the Board of Directors declared a final dividend of £5,000,000. This dividend is based on the Company's performance for the year ended 31 December 2024 and is subject to shareholder approval at the upcoming Annual General Meeting scheduled for 25 June 2025.”

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

Filings

16

last 12 months

Capital events

1

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +11.3%

  £9,206,930 → £10,244,911

• Cash

  +350%

  £7,094,278 → £31,927,488

• Net assets

  +14.7%

  £161,646,194 → £185,401,580

• Employees

  —

  Not reported

• Operating profit

  +24.9%

  £4,527,921 → £5,655,885

• Profit before tax

  -98.3%

  £14,397,485 → £244,279

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