PORTHAVEN CARE HOMES LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 in the financial statements, which indicates that the company is dependent on the continued financial support of its parent undertaking and that that term loan facility provided by Starwood property Mortgage SUB-15-A, LLC to FRC Star Group Bidco, a fellow subsidiary undertaking, is repayable on 1 March 2026 and whilst the directors are confident that new facility arrangements will be put in place to satisfy the on-going requirements of the Group, as stated in note 2, these events or conditions, along with the other matters as set forth in note 2, indicate that a material uncertainty exists that may cast significant doubt on the entity's ability to continue as a going concern.

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

  +6.7%

  £14,927,573 → £15,929,671

• Cash

  -11%

  £2,374,188 → £2,112,084

• Net assets

  +25.2%

  £9,581,166 → £11,996,175

• Employees

  +8.4%

  250 → 271

• Operating profit

  +96.4%

  £1,007,630 → £1,978,758

• Profit before tax

  +96.5%

  £1,006,965 → £1,978,758

• Wages

  +25%

  £5,731,263 → £7,165,923

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. PORTHAVEN CARE HOMES LIMITED 2011-08-18 → present
2. DE FACTO 1877 LIMITED 2011-07-04 → 2011-08-18

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 in the financial statements, which indicates that the company is dependent on the continued financial support of its parent undertaking and that that term loan facility provided by Starwood property Mortgage SUB-15-A, LLC to FRC Star Group Bidco, a fellow subsidiary undertaking, is repayable on 1 March 2026 and whilst the directors are confident that new facility arrangements will be put in place to satisfy the on-going requirements of the Group, as stated in note 2, these events or conditions, along with the other matters as set forth in note 2, indicate that a material uncertainty exists that may cast significant doubt on the entity's ability to continue as a going concern.”

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

Filings

5

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.