THAMESWEY HOUSING LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which indicates that the directors have concluded that there is a material uncertainty in relation to the Company's ability to continue in operational existence for the foreseeable future. This material uncertainty primarily arises from the ongoing reliance on the revolving loan facilities from a single funder, Woking Borough Council, who are currently under a section 114 notice. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  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

• Turnover

  +27%

  £13,908,407 → £17,661,339

• Cash

  +71.8%

  £8,202,837 → £14,091,226

  highest in 9 filed years

• Net assets

  -30%

  -£133,401,139 → -£173,479,661

  lowest in 6 filed years

• Employees

  —

  Not reported

• Operating profit

  +79.2%

  -£106,295,871 → -£22,132,324

• Profit before tax

  +66.9%

  -£121,257,925 → -£40,078,522

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. THAMESWEY HOUSING LIMITED 2013-01-10 → present
2. WOKING BOROUGH HOMES LIMITED 2005-04-27 → 2013-01-10

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Menzies LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which indicates that the directors have concluded that there is a material uncertainty in relation to the Company's ability to continue in operational existence for the foreseeable future. This material uncertainty primarily arises from the ongoing reliance on the revolving loan facilities from a single funder, Woking Borough Council, who are currently under a section 114 notice. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, 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. THAMESWEY HOUSING LIMITED · parent
   1. ThamesWey Guest Houses Limited 100% · UK · Provision of bed and breakfast accomodation

Significant events

• “The Group is currently undertaking a strategic review of its operations including potential restructuring with a view to optimising value for its main shareholder, Woking Borough Council.”
• “The Earn Your Deposit Scheme was suspended in April 2023.”
• “The Renters Rights Act (effective 1 May 2026) introduced uncertainty regarding the removal of Section 21 no-fault evictions and potential caps on rent increases, inter alia. The company has reviewed its policies and tenancy agreements to prepare for these potential changes.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.