PORTHAVEN CARE HOMES NO 3 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

  +34.8%

  £19,314,088 → £26,044,170

• Cash

  -32.3%

  £1,874,215 → £1,268,551

• Net assets

  -140.6%

  -£728,456 → -£1,752,392

• Employees

  +42.1%

  328 → 466

• Operating profit

  -43.3%

  £1,871,278 → £1,061,135

• Profit before tax

  -43.3%

  £1,869,952 → £1,061,135

• Wages

  +65.4%

  £7,252,232 → £11,998,771

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

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Company is part of a group which has a detailed business plan to which the shareholders have committed significant funds. The Directors expect to continue to fill the homes until they all reach an expected level of maturity and increased profitability. After making due enquiries the Directors have a reasonable expectation that the Company have sufficient resources to meet known and expected liabilities as they fall due for the foreseeable future. It is the opinion of the Directors that the preparation of the financial statements on a going concern basis is appropriate. The auditors have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate and have not identified any material uncertainties.”

Significant events

• “After the year end, on 26 March 2025, the Group completed a business re-organisation and simultaneous refinance of three of its care home businesses. The business operations of the care homes at Great Shelford (Barley Manor), Harpenden (Lea Grange) and Burford (Cotswold Gate) were moved out of the Company into separate wholly owned subsidiary entities of Porthaven Group Ventures Limited. As part of this reorganisation, Porthaven Properties No 3 Limited, a Group company, repaid a tranche of the HSBC financed term loan totalling £23,620,988. A new senior loan was taken out from Natwest bank, secured against these properties, totalling £37,900,000.”
• “The Directors decided to focus on recruitment in order to reduce the usage of agency staff. The Directors focused on increasing occupancy levels at existing homes and opening three new homes.”

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

Filings

4

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.