VIVA BIDCO HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The above material uncertainties may cast significant doubt on the Group's and the Company's ability to continue as a going concern and, therefore, may be unable to realise their assets and discharge their liabilities in the normal course of business.

1. VIVA BIDCO HOLDINGS LIMITED 2021-03-30 → present
2. SHOO 653 LIMITED 2021-02-17 → 2021-03-30

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 above material uncertainties may cast significant doubt on the Group's and the Company's ability to continue as a going concern and, therefore, may be unable to realise their assets and discharge their liabilities in the normal course of business.”

Group structure

1. VIVA BIDCO HOLDINGS LIMITED · parent
   1. Berkeley De Veer Holdings Limited 100% · Great Britain · Intermediate parent
   2. Viva Bidco Limited 100% · Great Britain · Intermediate parent
   3. Avant SA* 100% · Great Britain · Intermediate parent
   4. Avant Homes Group Limited* 100% · Great Britain · Intermediate parent
   5. Avant Homes Holdings Limited* 100% · Great Britain · Intermediate parent
   6. Avant Homes Group No.2 Limited* 100% · Great Britain · Intermediate parent
   7. Avant Homes (No.2) Limited* 100% · Great Britain · Intermediate parent
   8. Avant Homes Limited* 100% · Great Britain · Intermediate parent
   9. Avant Homes (England) Limited* 100% · Great Britain · Housebuilding
   10. Avant Homes (Scotland) Limited* 100% · Great Britain · Housebuilding
   11. Avant Homes (Yorkshire) Limited* 100% · Great Britain · Dormant
   12. Avant Homes (Sunderland) Limited* 100% · Great Britain · Dormant
   13. Avant Homes (Scotland MK) Limited* 100% · Great Britain · Dormant
   14. Gladedale (South East) Limited* 100% · Great Britain · Dormant
   15. S M Stroud Limited (formerly Avant Estates Limited)* 100% · Great Britain · Dormant
   16. Avant Homes (Central) Limited* 100% · Great Britain · Dormant
   17. Gladedale (Home Counties) Limited* 100% · Great Britain · Dormant
   18. Laing/Gladedale (Hastings) Holdings Limited* 50% · Great Britain · Property investment
   19. Freeport Scotland Limited* 14% · Great Britain · Letting of commercial property
   20. Strada Developments Limited* 50% · Great Britain · Holds shared equity portfolio
   21. SF Scotland Limited* 100% · Great Britain · Manufacturing of timber frames
   22. Roof Profiles Limited* 100% · Great Britain · Manufacturing of timber frames
   23. Cavendish Park 2017 Limited* 100% · Great Britain · Property investment
   24. Berkeley De Veer Limited* 100% · Great Britain · Housebuilding
   25. Cityfields (Wakefield) Limited (formerly De Veer Estates Limited)* 100% · Great Britain · Construction of commercial buildings
   26. De Veer Estates No.2 Limited* 100% · Great Britain · Construction of commercial buildings
   27. Residential Capital (Bramley) Limited* 100% · Great Britain · Operating own or leased real estate
   28. Residential Capital (Meridian House) Limited* 100% · Great Britain · Operating own or leased real estate
   29. Residential Capital (Harrogate) Limited* 100% · Great Britain · Development of building projects
   30. Berkeley De Veer (North East) Limited* 100% · Great Britain · Housebuilding
   31. Strategic Land Estates Limited* 100% · Great Britain · Housebuilding
   32. Resicap Limited* 100% · Great Britain · Buying and selling of real estate
   33. Berkeley De Veer (Southern) Limited* 100% · Great Britain · Development of building projects
   34. Principal Standard Limited* 100% · Great Britain · Dormant
   35. Dewsbury Riverside Limited* 95% · Great Britain · Housebuilding
   36. Alfa Homes Limited* 50% · Great Britain · Housebuilding
   37. De Veer Quarters Limited* 50% · Great Britain · Housebuilding
   38. De Veer Prescient (No1) Limited* 50% · Great Britain · Buying and selling of real estate
   39. Project Terrier LLP* 50% · Great Britain · Holds shared equity portfolio
   40. GBL Projects (Three) Limited* 50% · Great Britain · Real estate agencies
   41. GBL Projects (Four) Limited* 50% · Great Britain · Buying and selling of real estate
   42. Berkeley De Veer Investments Limited* 50% · Great Britain · Housebuilding
   43. Berkeley De Veer (Easingwold) Limited* 50% · Great Britain · Housebuilding

Significant events

• “The Group met its day to day working capital requirements through the cash flow generated from the sale of residential properties, with further liquidity provided through the use of a £250m committed Revolving Credit Facility ("RCF") provided by 3rd party lenders ("Lenders").”
• “Since the balance sheet date, the Group and its Lenders have been engaged in constructive discussions for a restructuring of the RCF to extend the tenor of that facility to support the working capital requirements of the Group on an ongoing basis. At the date of approval of these financial statements, those discussions are nearing conclusion, and the Lenders remain fully supportive of the Group.”
• “Principal terms have been agreed with MHCLG in respect to entering into a payment plan relating to the Group's obligations under a Developer Remediation Contract ("DRC") in England ahead of finalising long form documentation. No material changes are envisaged, and the agreement will see payments deferred and spread over a number of years.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +1.2%

  £69,425,000 → £70,289,000

• Employees

  —

  Not reported

• Operating profit

  0%

  £1,200,000 → £1,200,000

• Profit before tax

  0%

  £1,200,000 → £1,200,000

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