COVE COMMUNITIES WH UK HOLDCO LIMITED

• ⚠

  Material uncertainty over going concern

  These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Group's and Company's ability to continue as a going concern The financial statements do not include the adjustments that would result if the Group and the Company were unable to continue as a going concern Notwithstanding the above matters, in the view of the directors, it is expected that either a refinancing will take place or funds will be raised to repay the facility, either through the disposal of assets or capital injection from the limited partners of Cove Communities UK Investments, LP, a parent of the Group and Company, in 2026 As such, the Group's and Company's financial statements have been prepared on a going concern basis

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Group's and Company's ability to continue as a going concern The financial statements do not include the adjustments that would result if the Group and the Company were unable to continue as a going concern Notwithstanding the above matters, in the view of the directors, it is expected that either a refinancing will take place or funds will be raised to repay the facility, either through the disposal of assets or capital injection from the limited partners of Cove Communities UK Investments, LP, a parent of the Group and Company, in 2026 As such, the Group's and Company's financial statements have been prepared on a going concern basis”

Group structure

1. COVE COMMUNITIES WH UK HOLDCO LIMITED · parent
   1. White Horse Caravan Company Limited 100% · UK · Holiday Park Operator
   2. White Horse Caravan Properties Limited 100% · UK · Property Investment

Significant events

• “On 17 November 2025, Cove Communities Holiday Park UK HoldCo Limited, Cove Communities Venture 2 Argyle OpCo Limited, Cove Communities Venture 2 Gwel An Mor OpCo Limited, Cove Communities Venture 2 Springwood OpCo Limited and Cove Communities Venture 2 Solway OpCo Limited, fellow subsidiaries in the Cove Communities UK Investments, LP group entered administration”

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

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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

  -13.3%

  £50,602,193 → £43,852,159

• Cash

  -63.6%

  £2,138,349 → £778,105

• Net assets

  -5.5%

  -£128,961,403 → -£136,095,021

• Employees

  -8%

  514 → 473

• Operating profit

  -104%

  £5,184,783 → -£205,341

• Profit before tax

  -71%

  -£4,675,479 → -£7,995,889

• Wages

  -6.7%

  £10,631,290 → £9,917,590

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