MORBAINE PROPERTIES LIMITED

• ◆

  1 PSC 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

• Turnover

  -27.4%

  £16,106,862 → £11,694,529

• Cash

  +1.2%

  £5,890,178 → £5,962,313

• Net assets

  -1.5%

  £76,799,162 → £75,660,917

• Employees

  0%

  26 → 26

• Operating profit

  -137.7%

  £2,568,094 → -£969,224

• Profit before tax

  -182.3%

  £1,612,615 → -£1,327,581

• Wages

  -18%

  £2,811,479 → £2,304,308

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

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on a going concern basis having considered the forecast financial performance of the Group and its subsidiary undertakings for a period of at least 12 months from the date of approval of these financial statements.”

Group structure

1. MORBAINE PROPERTIES LIMITED · parent
   1. Morbaine Limited 99% · England and Wales · property construction, development and management
   2. Castlegate Homes (UK) Limited 99% · England and Wales · dormant
   3. Willard Project Management Limited 99% · England and Wales · project management of property development
   4. Castlegate Homes (Developments) Ltd 99% · England and Wales · residential housing developer
   5. Castlegate Homes (Construction) Ltd 99% · England and Wales · dormant

Significant events

• “Investment has continued during the year, and after the year end, on several retail developments.”
• “The Group remains committed to the disposal of its remaining two residential properties which continue to be actively marketed for sale.”
• “The Group's activities are funded from its existing substantial reserves coupled with a £10 million refinance during the second half of the year with the Group's bankers. The Group's facilities comprise a term loan of £5m and a Revolving Credit Facility of £5m which are secured on certain of the Group's investment properties. These facilities are committed to the end of February 2026 and only the term loan was fully-utilised at 30 June 2024.”

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

Filings

1

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.