WALDORF REAL ESTATE LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

• ⚠

  Material uncertainty over going concern

  The Directors concluded that it is appropriate to adopt the going concern basis of preparation, noting that two material uncertainties were identified in their assessment, which include a number of events which are outside of the control of the Board. However, noting the matters described above, the Directors identified two material uncertainties that cast significant doubt upon the Waldorf Group's ability to continue as a going concern during the Assessment Period for the financial statements for the year ended 31 December 2023.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

• ◆

  3 officer resignations in last 12 months

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

1. WALDORF REAL ESTATE LIMITED 2022-03-03 → present
2. CAPRICORN NORTH SEA LIMITED 2021-02-27 → 2022-03-03

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

Ernst & Young LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“The Directors concluded that it is appropriate to adopt the going concern basis of preparation, noting that two material uncertainties were identified in their assessment, which include a number of events which are outside of the control of the Board. However, noting the matters described above, the Directors identified two material uncertainties that cast significant doubt upon the Waldorf Group's ability to continue as a going concern during the Assessment Period for the financial statements for the year ended 31 December 2023.”

Significant events

• “The former ultimate parent company, Waldorf Energy Partners Limited ("WEPL"), together with its indirect parent, Waldorf Production Limited ("WPL"), has entered administration as a result of material unsecured liabilities and the directors' determination that these entities could no longer continue as going concerns.”
• “In June 2024, Waldorf Energy Partners Limited ("WEPL") and Waldorf Production Limited ("WPL"), the Company's parent companies, entered into administration on the basis that their financial situation was no longer considered by the directors of those companies to enable them to continue operating as a going concern.”
• “On 11 December 2025, the WEPL Administrators and the WPL Administrators entered into a share sale and purchase agreement (the "SPA") with Chrysaor Holdings Limited (the "Purchaser"), an affiliate of Harbour Energy plc regarding the sale of the subsidiaries of WEPL and WPL (excluding WEF and WEPL and WPL themselves) (the "Target Group"), including Waldorf Real Estate Limited (the "Sale").”
• “The Group faced liquidity challenges in the first half of 2024, attributable to factors including: (i) the impact of the Energy Profits Levy; and (ii) the withdrawal of the discounting arrangement with Barclays.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -99.8%

  £29,879,911 → £63,751

• Cash

  —

  Not reported

• Net assets

  -111.5%

  £40,730,170 → -£4,674,574

• Employees

  —

  Not reported

• Operating profit

  +72.9%

  -£261,825,797 → -£70,986,657

• Profit before tax

  +81.2%

  -£241,996,294 → -£45,386,212

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