BIRCHGROVE SERVICES LLP

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

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The LLP has received confirmation from Bridges Property Alternatives Fund IV LP of its intention to continue its financial support for a period of at least 12 months from the date of approval of these financial statements. The LLP has also received confirmation from Birchgrove Holdings LLP that they do not intend to recall the on-demand debt owed to them (shown as amounts owed to Group undertakings within Note 8) for a period of at least 12 months from the approval of these financial statements. A review of the cash flow forecasts of the LLP, including consideration of severe but plausible downside scenarios, when taking the above confirmations into account, has provided the Members with a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future and at least 12 months from the date of approval of these financial statements. Therefore, it is considered appropriate to continue to account for the LLP as a going concern.”

Significant events

• “The Birchgrove Group was formed in 2016 and is continuing to pioneer a rental model for assisted retirement living - creating communities where residents will enjoy a high quality of service and lifestyle in their later years.”
• “The Group continues to grow with a further two sites opening this year, bringing the total number of operational sites to five. As at the date of signing, a sixth site has opened with a further three remaining in development.”

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

Filings

3

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

  +313.6%

  £696,362 → £2,879,880

• Cash

  -37.8%

  £465,606 → £289,799

• Net assets

  -23.6%

  -£4,462,674 → -£5,514,606

• Employees

  +169.6%

  23 → 62

• Operating profit

  +56%

  -£2,309,215 → -£1,016,517

• Profit before tax

  +55.7%

  -£2,374,003 → -£1,051,932

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