SEEBECK 122 LIMITED

• ⚠

  Material uncertainty over going concern

  Despite the current actions being taken and the comments below, the directors do, however, acknowledge that uncertainty around the timing of re-admissions due to the delayed rating report of The Broomhill Hospital (caused by internal IT technical issues within CQC) and the maturity of the loan liabilities falling due within one year, may be perceived as material uncertainties that may cast some doubt on the ability of the group to continue as a going concern. However, the Directors believe strongly that there is sufficient evidence to support their confidence that these challenges can be met.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -18.5%

  £33,895,535 → £27,632,505

• Cash

  -24%

  £434,924 → £330,460

• Net assets

  -15.2%

  £42,308,780 → £35,868,892

• Employees

  +0.9%

  659 → 665

  highest in 5 filed years

• Operating profit

  -6.8%

  -£4,937,922 → -£5,273,827

• Profit before tax

  +2.1%

  -£6,652,014 → -£6,510,208

• Wages

  +13.8%

  £15,732,390 → £17,910,906

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Hazlewoods LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Despite the current actions being taken and the comments below, the directors do, however, acknowledge that uncertainty around the timing of re-admissions due to the delayed rating report of The Broomhill Hospital (caused by internal IT technical issues within CQC) and the maturity of the loan liabilities falling due within one year, may be perceived as material uncertainties that may cast some doubt on the ability of the group to continue as a going concern. However, the Directors believe strongly that there is sufficient evidence to support their confidence that these challenges can be met.”

Group structure

1. SEEBECK 122 LIMITED · parent
   1. St Matthews Holdings Limited 100% · England and Wales · intermediate holding company
   2. St. Matthews Limited 100% · England and Wales · owning and operating 3 nursing homes
   3. St. Matthews (North) Limited 100% · England and Wales · owning and operating nursing homes and a mental health facility
   4. St Matthews (West) Limited 100% · England and Wales · owning and operating nursing homes

Significant events

• “The directors intend for the Group to continue its strategy of organic growth. During 2025, the directors are keen to consolidate the progress made in 2024 and create a robust foundation for future growth.”

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

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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