TOWER REGENERATION LIMITED

• ⚠

  Material uncertainty over going concern

  During the year ended 31 May 2017 the directors took the decision to cease trading following movement into the restoration phase of the project to restore the land to the condition agreed between the council and the entity, as management do not deem the restoration to be a trading activity. Accordingly, the directors have not prepared the financial statements on a going concern basis.

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

  —

  Not reported

• Cash

  +5.9%

  £17,000 → £18,000

• Net assets

  -10.1%

  -£24,080,000 → -£26,507,000

• Employees

  0%

  9 → 9

• Operating profit

  +63.9%

  -£1,370,000 → -£494,000

• Profit before tax

  -3.8%

  -£2,338,000 → -£2,427,000

• Wages

  +13.2%

  £68,000 → £77,000

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. TOWER REGENERATION LIMITED 2009-09-25 → present
2. TOWER NEWCO LIMITED 2009-08-20 → 2009-09-25

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“During the year ended 31 May 2017 the directors took the decision to cease trading following movement into the restoration phase of the project to restore the land to the condition agreed between the council and the entity, as management do not deem the restoration to be a trading activity. Accordingly, the directors have not prepared the financial statements on a going concern basis.”

Group structure

1. TOWER REGENERATION LIMITED · parent
   1. Tower Regeneration Leasing Limited 100% · Great Britain

Significant events

• “The bulk earthworks phase of restoration of the mine was completed in the autumn of 2020, with a bespoke surface water drainage system being installed during 2021 and 2022. The site then entered into a restoration (nearing completion) and aftercare regime.”
• “The company is developing a mixed use sitewide masterplan in conjunction with local stakeholders to be implemented once restoration is complete. The development of this masterplan will inform the Group's plans for an ultimate orderly wind down of the business.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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