MULGRAVE PROPERTY GROUP 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

  -44.3%

  £16,148,594 → £8,998,258

• Cash

  -74.5%

  £950,747 → £242,171

• Net assets

  -36.6%

  £9,898,819 → £6,273,261

• Employees

  +3%

  33 → 34

• Operating profit

  -65%

  -£1,368,050 → -£2,257,850

• Profit before tax

  -93.4%

  -£1,668,932 → -£3,228,377

• Wages

  -26%

  £1,703,794 → £1,261,337

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

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Hunter Gee Holroyd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Ongoing support is provided by a loan from the shareholder and the directors have secured new bank loan facilities which will be provided on a rolling basis.”

Group structure

1. MULGRAVE PROPERTY GROUP LIMITED · parent
   1. Mulgrave Residential Limited 100% · England & Wales
   2. Mulgrave Developments Limited 100% · England & Wales
   3. Mulgrave Homes Limited 100% · England & Wales
   4. Mulgrave Properties Limited 100% · England & Wales

Significant events

• “Development costs have increased due to changes to building regulations arising from the Government's aim to progress to net zero.”
• “The sales market has also continued to be challenging. Since the removal of Help to Buy in 2023 the number of first-time buyers entering the market has declined reducing market liquidity. Increased Government spending and actual and potential tax rises together with global geopolitical volatility has affected consumer confidence and decision making.”
• “The Group's results for the year had been significantly impacted by these challenges with continued delays in acquisitions due to capital being tied up in potential and existing, slow-selling sites.”
• “The challenges outlined in this report have continued into the new financial year. The business has significant capital tied up in potential and existing sites. The holding costs including finance costs and void unit utilities and council tax are an ongoing challenge.”

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

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.