ROYALTON 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

  -61.7%

  £7,153,835 → £2,741,318

  lowest in 3 filed years

• Cash

  -89.3%

  £395,825 → £42,299

  lowest in 5 filed years

• Net assets

  -58.1%

  £3,967,350 → £1,661,172

  lowest in 5 filed years

• Employees

  -9.1%

  11 → 10

• Operating profit

  -391.5%

  -£103,710 → -£509,752

  lowest in 3 filed years

• Profit before tax

  -111.3%

  -£1,091,200 → -£2,306,178

  lowest in 5 filed years

• Wages

  +6.4%

  £987,236 → £1,050,400

  highest in 5 filed years

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. ROYALTON LIMITED 2006-05-05 → present
2. ROYALTON CONSTRUCTION LIMITED 1999-11-05 → 2006-05-05

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Given the current economic climate and ongoing delays to the sale of some of the wider group's property interests, the company continued to face a liquidity shortfall during the year. The company is being supported by a joint venture partner which made available a short-term working capital facility which provided the company with financial stability during the year. Subsequent to the year end, its fellow subsidiary Royalton Developments Ireland Limited, has contracted two further opportunities in Ireland which are now generating a management fee income stream enabling the company to meet its ongoing working capital cash flow requirements. Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. ROYALTON LIMITED · parent
   1. Royalton RS Limited 75% · England and Wales
   2. Royalton Estates Limited 100% · England and Wales
   3. Royalton Hox Park Limited 100% · England and Wales
   4. Golden Oaks Oxshctt LLP 100% · England and Wales

Significant events

• “Due to viability issues, the company and its joint venture partner agreed to terminate the development agreement in respect of the Cotton Quay development at Salford Quays.”

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

Filings

4

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.