PADDINGTON CONSTRUCTION LIMITED

• ⚠

  Material uncertainty over going concern

  As set out in that note, a material uncertainty exists relating to the outcome of the Building Liability Order ('BLO') notifications of claims and claims made against the wider Group in respect of remedial works required on projects undertaken by Ardmore Construction Limited. These events and conditions may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  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

  +0.4%

  £25,033,483 → £25,136,567

• Cash

  -99.6%

  £178,620 → £797

• Net assets

  -88.6%

  £1,694,164 → £192,290

• Employees

  -16.7%

  54 → 45

• Operating profit

  -221.2%

  £1,238,747 → -£1,501,874

• Profit before tax

  -221.6%

  £1,235,482 → -£1,501,874

• Wages

  +23.1%

  £2,252,385 → £2,772,988

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.

1. PADDINGTON CONSTRUCTION LIMITED 1986-01-07 → present
2. PADDINGTON CARPENTRY COMPANY LIMITED 1972-09-04 → 1986-01-07

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As set out in that note, a material uncertainty exists relating to the outcome of the Building Liability Order ('BLO') notifications of claims and claims made against the wider Group in respect of remedial works required on projects undertaken by Ardmore Construction Limited. These events and conditions may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “During the year the Board restructured operations with the Company continuing to supply Ardmore Construction projects with a focus on stonemasonry projects given its proven delivery and excellence.”
• “Following the decision to close the joinery and steel operations, an impairment of £792,512 has been recognised relating to fixed assets in this part of the business.”
• “Following a fellow group company, Ardmore Construction Limited, entering administration in August 2025 the Company and Group are exposed to the potential for Building Liability Orders ("BLO") to be brought in accordance with the Building Safety Act 2022 ("the Act").”

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

Filings

5

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.