GROUND RENTS INCOME FUND PLC
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Cash
£5.7m
highest in 3 filed years
Net assets
£31m
lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£22m
Period ending 2026-03-31
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £6,108,180 | £3,093,860 | £5,933,422 | £2,707,759 | — | |
| Operating profit | -£28,912,823 | -£5,817,384 | -£3,828,597 | -£21,307,726 | — | |
| Profit before tax | -£29,714,157 | -£6,071,010 | -£4,318,865 | -£21,587,070 | — | |
| Net profit | -£29,714,157 | -£6,071,010 | -£4,318,865 | -£21,587,070 | — | |
| Cash | £5,525,003 | — | £4,280,818 | £5,679,517 | — | |
| Total assets less current liabilities | £75,660,351 | — | £52,168,491 | — | — | |
| Net assets | £56,487,356 | — | £52,168,491 | £30,581,421 | — | |
| Equity | £56,487,356 | — | £52,168,491 | £30,581,421 | — | |
| Average employees | — | — | — | — | — | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | £221,403 | £108,325 | £205,231 | £87,722 | — |
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 —. Year-on-year comparison hidden: this filing covers about 6 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | -188.0% | -64.5% | — | |
| Net margin | — | -196.2% | -72.8% | — | |
| Return on capital employed | -38.2% | — | -7.3% | — | |
| Gearing (liabilities / total assets) | 29.0% | — | 17.4% | 20.3% | |
| Current ratio | 2.07x | — | 0.63x | 2.25x | |
| Interest cover | -30.65x | -16.00x | -5.42x | -61.94x |
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
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The Board, having considered the Group's detailed cash flow forecasts, scenario analysis, and current risk factors - including leasehold reform, building safety, loan covenant compliance, and regulatory uncertainties concludes that the Group and Company have adequate resources to continue in operational existence for at least the period to 30 September 2027. While the Group is exposed to industry-wide regulatory and market uncertainties, the Board is satisfied that robust mitigations are in place, and the Group is forecasted to meet its obligations and covenant requirements for the period under review. Accordingly, the financial statements have been prepared on a going concern basis.”
Significant events
- “On 26 March 2026, the Company announced it had exchanged contracts to sell its freehold interest in 65 Paragon Street for £1.5 million. Completion is expected by end of June 2026.”
- “On 22 April 2026, the Company appointed Mike Holt and Sarah Booth as Independent Non-Executive Directors.”
- “On 29 May 2026, Bill Holland and Katherine Innes Ker both stepped down as Non-Executive Directors of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2025-06-12 | — | — |
| BOOTH, Rachel Sarah | Director | 2026-04-22 | Mar 1966 | British |
| HOLLAND, William Edward John | Director | 2019-09-01 | Jul 1965 | British |
| HOLT, Michael John | Director | 2026-04-22 | Sep 1960 | British |
| INNES KER, Katherine Christina Mary, Dr | Director | 2021-09-27 | May 1960 | British |
| MACKENZIE, Judith Anne | Director | 2025-11-17 | Aug 1972 | British |
Show 14 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 |
| 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
- 1
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.