URBAN UNION LIMITED

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The parent company, Robertson Group (Holdings) Limited (RGHL) has made available a rolling group working capital facility to the company. At the Statement of Financial Position date, the business had drawn down £22.9m on this facility. RGHL, has confirmed in writing its support of the company through the working capital facility for a period of no less than 12 months from the date of approval of these financial statements. The overall loans outstanding to Robertson Group (Holdings) Limited (£3,399,998) remains outstanding but has no fixed repayment date. The business also utilises a rolling short-term working capital facility provided by Robertson Group (Holdings) Limited. On this basis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”

Significant events

• “In the year to 30 June 2025, the business reported turnover of £33.5m against £36.7m in the prior year, principally driven by a decrease in private income from £17.8m to £15.8m.”
• “The average selling price per unit increased to £283,000 from £246,000 due to the mix of higher value properties at the developments.”
• “Gross loss in the year is (9.3%) (2024: 2.1%) with some production challenges and the mix of private and affordable completions both contributing to the margin reduction.”
• “The Laurieston project ... has incurred losses to date and as such there has been a loss of £4m reflected in this year's accounts.”
• “In FY26 the business will transition from a self delivery model to a development model.”
• “Mortgage availability – the level of choice for mortgage borrowers has declined significantly overall, while average borrowing rates remain high in comparison to recent years. As a result, there are affordability issues for buyers particularly given the cost-of-living pressures which already provides challenges in raising deposits to complete the purchase.”
• “Supply shortage - there continues to be a long-term supply shortage of new affordable homes being built in city locations. This should help maintain demand levels for the Urban Union product whilst protecting sales values.”

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

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -8.6%

  £36,662,000 → £33,508,000

• Cash

  +69.3%

  £1,042,000 → £1,764,000

• Net assets

  -359%

  £1,756,000 → -£4,548,000

• Employees

  -10.7%

  56 → 50

• Operating profit

  -164.3%

  -£2,635,000 → -£6,964,000

• Profit before tax

  -142%

  -£3,473,000 → -£8,405,000

• Wages

  +11%

  £2,826,000 → £3,138,000

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