NEWFOUNDLAND PROPCO LIMITED

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

  -4.6%

  £17,637,071 → £16,819,675

• Cash

  +25.2%

  £7,549,664 → £9,449,773

• Net assets

  -28.2%

  -£123,487,319 → -£158,266,836

• Employees

  —

  Not reported

• Operating profit

  +46.3%

  -£32,285,472 → -£17,337,480

• Profit before tax

  +28.6%

  -£53,588,634 → -£38,287,741

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. NEWFOUNDLAND PROPCO LIMITED 2025-02-18 → present
2. VERTUS NFL LIMITED 2015-02-27 → 2025-02-18

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having made the requisite enquiries and assessed the resources at the disposal of the Company, the directors have a reasonable expectation that the Company will have adequate resources to continue its operation for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Subsequent to the year end, on 23 January 2025, the company issued 2 new £1 ordinary shares for a total consideration of £127m.”
• “On 24 January 2025, the Company was sold in an arm's length transaction to a vehicle owned by an affiliate. Following the change in ownership, the Company underwent a legal name change. The Company changed its registered name from Vertus NFL Limited to Newfoundland Propco Limited.”

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

Filings

2

last 12 months

Capital events

1

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.