THE ETHICAL PROPERTY COMPANY PLC

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.3 in the financial statements which explains that the company has entered into a standstill agreement with the Lloyds Bank as it has breached the terms of its facility agreement. The terms of the standstill agreement require the company to sell properties in order to repay bank loans totalling £21,208,781. Whilst the sale of properties is progressing, the timing of the completion of the transactions are uncertain and as a result the company is reliant on an extension of the existing standstill agreement with the bank, which currently expires on 31 August 2025. As stated in note 1.3 these events and conditions, along with the other matters as detailed in note 1.3 indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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.

1. THE ETHICAL PROPERTY COMPANY PLC 2020-03-17 → present
2. THE ETHICAL PROPERTY COMPANY LIMITED 2010-04-16 → 2020-03-17
3. THE ETHICAL PROPERTY COMPANY PUBLIC LIMITED COMPANY 1998-07-06 → 2010-04-16
4. THE CALDEY COMPANY LIMITED 1994-08-23 → 1998-07-06

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.3 in the financial statements which explains that the company has entered into a standstill agreement with the Lloyds Bank as it has breached the terms of its facility agreement. The terms of the standstill agreement require the company to sell properties in order to repay bank loans totalling £21,208,781. Whilst the sale of properties is progressing, the timing of the completion of the transactions are uncertain and as a result the company is reliant on an extension of the existing standstill agreement with the bank, which currently expires on 31 August 2025. As stated in note 1.3 these events and conditions, along with the other matters as detailed in note 1.3 indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. THE ETHICAL PROPERTY COMPANY PLC · parent
   1. Social Justice and Human Rights Centre 41.93% · Oxford, Oxfordshire, United Kingdom
   2. Mundo Lab SA (formerly Ethical Property Europe) 19.32% · Brussels, Belgium

Significant events

• “On 10 July 2025, a property was sold at auction for £910k.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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