ELITE REIT HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-17 (in 3mo)
Last made up 2025-08-03
Watchouts
None on the register
Cash
£35K
Latest balance sheet
Net assets
-£58M
Equity attributable
Employees
0
Average over period
Profit before tax
-£51M
Period ending 2024-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £96,000 | £96,000 | |
| Operating profit | -£126,000 | -£87,000 | |
| Profit before tax | -£44,822,000 | -£50,710,000 | |
| Net profit | -£44,822,000 | -£50,710,000 | |
| Cash | £69,000 | £35,000 | |
| Total assets less current liabilities | £177,599,000 | -£58,296,000 | |
| Net assets | -£23,534,000 | -£58,296,000 | |
| Equity | -£23,534,000 | -£58,296,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £887 | £834 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -131.3% | -90.6% | |
| Return on capital employed | -0.1% | 0.1% | |
| Gearing (liabilities / total assets) | 111.5% | 136.0% | |
| Current ratio | 1.00x | 0.10x | |
| Interest cover | -0.01x | -0.01x |
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.
Name history
Renamed 1 time since incorporation
- ELITE REIT HOLDINGS LIMITED 2024-06-24 → present
- ELITE UK COMMERCIAL HOLDINGS LIMITED 2018-09-10 → 2024-06-24
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic.”
Group structure
- ELITE REIT HOLDINGS LIMITED · parent
- Elite Kist Limited 100%
- Elite UK Commercial Limited 100%
Significant events
- “On 24 June 2024, the Company changed its name from Elite UK Commercial Holdings Limited to Elite REIT Holdings Limited.”
- “In July 2024, the Group through its subsidiaries Elite Gemstones Properties Limited, Elite Amphora Limited, and Elite Cask Limited, secured new credit facilities totaling £215.0m to refinance existing bank borrowings and support working capital requirements. Specifically, on 15 July 2024, Elite Gemstones Properties Limited entered into a facilities agreement with financial institutions for up to £135.0m. On 31 July 2024, £120.0m was drawn to fully repay £114.4m in existing bank borrowings and cover related fees and expenses. Additionally, on 23 July 2024, Elite Amphora Limited and Elite Cask Limited entered into a separate facilities agreement with financial institutions for up to £80.0m. On 30 and 31 July 2024, £80.0m was drawn with £65.0m to refinance existing bank borrowings of £64.0m, and £15.0m to repay revolving credit facilities of the Trust. There are no refinancing obligation until 2027.”
- “As a result of the Group's conversion to a REIT on 27 August 2021, the Group is no longer required to pay UK corporation tax in respect of property rental income and capital gains relating to its property rental business.”
- “Following the reporting period, prepayments totalling £6m were made through the Group's subsidiaries-Elite Gemstones Properties Limited, Elite Amphora Limited, and Elite Cask Limited-towards existing loans with various financial institutions. Specifically, Elite Amphora Limited repaid £1.67m against loans with Public Banks, Elite Cask Limited made a prepayment of £835,000 also towards Public Banks loans, and Elite Gemstones Properties Limited prepaid £3.5m against loans with Malayan, RHB, and United Overseas Banks.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORNHILL SECRETARIES LIMITED | Corporate Secretary | 2023-05-26 | — | — |
| ASHMORE, Nicholas David | Director | 2021-08-01 | Sep 1961 | British |
| EDMUNDS, Jonathan Richard Lawrence | Director | 2021-08-01 | Feb 1976 | British |
| LIAW, Joshua Liang Huat | Director | 2023-06-19 | Jun 1979 | Singaporean |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DYE & DURHAM SECRETARIAL LIMITED | Corporate Secretary | 2019-01-10 | 2023-05-26 |
| HOON, Mow Chow, Mr. | Director | 2018-09-10 | 2019-10-17 |
| WANG, Shaldine | Director | 2019-10-17 | 2023-06-19 |
| DYE & DURHAM DIRECTORS LIMITED | Corporate Director | 2018-09-10 | 2023-05-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Regal Sheen Investment Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-27 | Ceased 2018-09-27 |
Filing timeline
Last 20 of 57 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-24 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-29 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-01-06 | SH01 | capital | Capital allotment shares | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-06-17 | AA | accounts | Accounts with accounts type full | |
| 2023-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-15 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | RP04TM01 | officers | Second filing of director termination with name | |
| 2023-06-28 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-06-28 | RP04AP04 | officers | Second filing of secretary appointment with name | |
| 2023-06-26 | AD02 | address | Change sail address company with old address new address | |
| 2023-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-19 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-14 | CH02 | officers | Change corporate director company with change date | |
| 2023-02-10 | CH04 | officers | Change corporate secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.