GROUND RENTS INCOME FUND PLC
Get an alert when GROUND RENTS INCOME FUND PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£4.3m
-22.5% vs 2024
Net assets
£52m
-7.6% vs 2024
Employees
3
-25% vs 2024
Profit before tax
-£4.3m
+85.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
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.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £6,108,180 | £5,933,422 | -2.9% | |
| Operating profit | -£28,912,823 | -£3,828,597 | +86.8% | |
| Profit before tax | -£29,714,157 | -£4,318,865 | +85.5% | |
| Net profit | -£29,714,157 | -£4,318,865 | +85.5% | |
| Cash | £5,525,003 | £4,280,818 | -22.5% | |
| Total assets less current liabilities | £75,660,351 | £52,168,491 | -31% | |
| Net assets | £56,487,356 | £52,168,491 | -7.6% | |
| Equity | £56,487,356 | £52,168,491 | -7.6% | |
| Average employees | 4 | 3 | -25% | |
| Wages | £221,403 | £205,231 | -7.3% | |
| Directors' remuneration | £221,403 | £205,231 | -7.3% | |
| Highest paid director | £75,000 | £79,500 | +6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | — | -64.5% | |
| Net margin | — | -72.8% | |
| Return on capital employed | -38.2% | -7.3% | |
| Gearing (liabilities / total assets) | 29.0% | 17.4% | |
| Current ratio | 2.07x | 0.63x | |
| Interest cover | -30.65x | -5.42x |
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.
Name history
Renamed 1 time since incorporation
- GROUND RENTS INCOME FUND PLC 2012-06-25 → present
- AGHOCO 1105 PLC 2012-04-23 → 2012-06-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Affirmed
“The Group is forecast to remain in compliance with covenants under the Base Case for the life of the facility to January 2028.”
Group structure
- GROUND RENTS INCOME FUND PLC · parent
- Admiral Ground Rents Limited 100%
- Azure House Ground Rents Limited 100%
- Banbury Ground Rents Limited 100%
- Midlands Ground Rents Limited 100%
Significant events
- “£10.0 million asset sales completed within the Year and post year-end.”
- “Loan facility refinanced post year-end, extending maturity to January 2028 and reducing the margin from 2.75% to 2.50% over the SONIA rate.”
- “On 3 December 2025, the Group sold its freehold ground rent interest at a property in Bristol for £0.4 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2025-06-12 | — | — |
| BOOTH, Rachel Sarah | Director | 2026-04-22 | Mar 1966 | British |
| HOLT, Michael John | Director | 2026-04-22 | Sep 1960 | British |
| MACKENZIE, Judith Anne | Director | 2025-11-17 | Aug 1972 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HART, Roger | Secretary | 2012-04-23 | 2012-05-21 |
| MURPHY, Jonathan Stewart | Secretary | 2012-05-21 | 2012-12-20 |
| ROBINSON, William Martin | Secretary | 2012-12-20 | 2019-05-13 |
| INHOCO FORMATIONS LIMITED | Corporate Nominee Secretary | 2012-04-23 | 2012-05-21 |
| SCHRODER INVESTMENT MANAGEMENT LIMITED | Corporate Secretary | 2019-12-12 | 2025-06-12 |
| SCHRODER REAL ESTATE INVESTMENT MANAGEMENT LIMITED | Corporate Secretary | 2019-05-13 | 2019-12-12 |
| CRAIG, Paul Anthony | Director | 2012-07-11 | 2021-09-16 |
| GILBERTSON, Barry Gordon, Professor | Director | 2021-02-10 | 2025-12-11 |
| HART, Roger | Director | 2012-04-23 | 2012-05-21 |
| HOLLAND, William Edward John | Director | 2019-09-01 | 2026-05-29 |
| INNES KER, Katherine Christina Mary, Dr | Director | 2021-09-27 | 2026-05-29 |
| MURPHY, Jonathan Stewart | Director | 2012-05-21 | 2012-07-11 |
| NAISH, Robert Malcolm | Director | 2012-07-11 | 2021-03-31 |
| VESSEY, Jane Margaret | Director | 2021-09-27 | 2024-12-31 |
| WOMBWELL, Simon Paul | Director | 2012-05-21 | 2019-09-01 |
| A G SECRETARIAL LIMITED | Corporate Director | 2012-04-23 | 2012-05-21 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 133 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-25 RESOLUTIONS Resolution
- 2025-02-19 RESOLUTIONS Resolution
- 2024-03-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-23 | AA | accounts | Accounts with accounts type interim | |
| 2026-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-31 | AA | accounts | Accounts with accounts type group | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-12 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-04-07 | AA | accounts | Accounts with accounts type group | |
| 2025-02-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-24 | AA | accounts | Accounts with accounts type group | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-04 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.