PLJ MEZZ HOLDCO UK LTD

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

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

  +8%

  £5,649,888 → £6,100,002

• Cash

  +107%

  £391,649 → £810,658

  highest in 3 filed years

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +184.4%

  -£464,073 → £391,888

• Profit before tax

  -2%

  -£10,245,088 → -£10,454,487

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

Glazers

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PLJ MEZZ HOLDCO UK LTD · parent
   1. PLJ Mezz Borrower UK Ltd 100% · UK
   2. PLJ Holdco UK Ltd 100% · UK
   3. PLJ Chelsea Limited 100% · UK

Significant events

• “The group is susceptible to the volatility of the high-end London property market. The directors are limited in their ability to mitigate this risk, but they monitor the market closely.”
• “In December 2022 the bank debt in current liabilities was refinanced. The new bank facility was for £18.5m attracting interest at 2% plus SONIA. It was repayable on the earlier of 23 November 2023 (it was subsequently extended) or the receipt of a demand from the lender. The covenants attached to the loan dictate that the loan balance must be repaid in line with the sale of the properties in the development, and that the loan to stock value ratio must not exceed 51.80%.”
• “The balance owing for this loan at the year end was £9.4m. It has been fully repaid post year end.”
• “DB UK Bank Limited hold a fixed and floating charge over the group's assets in respect of the bank borrowings presented in current liabilities. The balance of these borrowings at the year end amounted to £9,400,000.”

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.