GROSS-HILL PROPERTIES 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

• Turnover

  +2.8%

  £4,985,901 → £5,125,187

• Cash

  -60.4%

  £5,188,619 → £2,054,503

  lowest in 3 filed years

• Net assets

  -30.1%

  £9,243,787 → £6,462,904

  lowest in 3 filed years

• Employees

  -18.2%

  11 → 9

  lowest in 3 filed years

• Operating profit

  -26.2%

  -£3,175,411 → -£4,007,412

• Profit before tax

  -104.9%

  -£4,323,902 → -£8,860,483

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. GROSS-HILL PROPERTIES LIMITED 1983-12-20 → present
2. VERSETIME LIMITED 1983-10-17 → 1983-12-20

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Wilder Coe Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides on the operations and its financial resources, the Group and Company will have sufficient funds to meet its liabilities as they fall due for that period.”

Group structure

1. GROSS-HILL PROPERTIES LIMITED · parent
   1. Gross Hill Management Services Limited 100% · England · Property management services
   2. Gross Hill Financial Services Limited 100% · England · Financial management services
   3. Sydney & London Holdings Limited 100% · England · Financial management services
   4. Sydney & London Properties Limited 100% · England · Property investment
   5. The Mezzanine Lending Co. Limited 100% · England · Management services
   6. Mezzanine Lending 1 Limited 100% · England · Mezzanine finance
   7. Mezzanine Lending Co. 1 LLP 100% · England · Dormant
   8. Fast and Flexible Lending International Limited 100% · England · Commercial lending
   9. Sydney & Arbroath Properties Limited 100% · Glasgow · Property investment
   10. Sydney & Tavistock Properties Limited 100% · England · Property investment
   11. Euston Estate (GP) Limited 100% · England · Partnership management
   12. Euston Estate (No. 1) Limited 100% · England · Holding title to property
   13. Cefn Estates Limited 100% · England · Property investment
   14. Balfe Limited 100% · British Virgin Islands · Property investment
   15. Justice Mill Studios Limited 100% · England · Property investment

Significant events

• “In April 2024, the Group capitalised on its strong performance against its bank covenants to negotiate a 0.35% reduction in the margin it pays on the majority of its bank debt, representing debt of £16.6 million at the reporting date. This will produce significant ongoing interest savings.”
• “In July 2024, the Group refinanced its facility with Santander on its Pitmedden ground rent portfolio, agreeing a new 3-year term on the same terms as the previous facility. The net facility is £1.7 million after the Group repaid Santander £0.6 million as part of the refinancing, in line with its policy to maintain a low gearing in the uncertain market and economy.”
• “In October 2024, the Group's commercial lending business was rebranded to Fast & Flexible International Lending.”
• “After the reporting date, in July 2025, the Group completed on the sale of its property in North Street, Glasgow for a consideration of £3.1 million. This delivered a profit on disposal of £0.3 million.”

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

Filings

7

last 12 months

Capital events

2

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.