FORTIS IBA (SOUTH EAST) 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

  +45.3%

  £11,426,778 → £16,598,418

• Cash

  -18.8%

  £1,334,583 → £1,083,691

• Net assets

  +356.2%

  -£3,172,643 → £8,128,653

• Employees

  -10%

  10 → 9

• Operating profit

  +80.7%

  £2,213,168 → £3,999,584

• Profit before tax

  +261.8%

  £820,151 → £2,967,051

• Wages

  +7.3%

  £543,575 → £583,242

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 directors have not identified any material uncertainties around the going concern assumptions and have reasonable expectation that the group has adequate resources to continue its operational existence for a period of at least twelve months from signing these financial statements. Thus they continue to adopt the going concern basis for accounting in preparing the annual financial statements.”

Significant events

• “On 14 March 2025, the Binder Holdco Limited Group completed a reorganisation which included the establishment of a new holding company for the ownership of Binder Holdco Limited and remaining subsidiaries, and the demerger of three subsidiary companies: Raymond Brown Quarry Products Limited, Raymond Brown A303 Properties Limited and Raymond Brown Rookery Properties Limited.”
• “As part of the group reorganisation on 14 March 2025, a new Revolving Credit Facility with Lloyds Bank PLC was put in place. This facility was undrawn and replaced by a new group facility on 14 November 2025.”
• “On 17 November 2025 Elysian Capital II LP sold the majority of its investment in Raymond Brown New Topco Limited to Elysian Capital CV I LP, a private equity fund managed by Elysian Capital LLP. In aggregate the Elysian Capital Private Equity funds hold a 79% controlling interest in the Raymond Brown New Topco Limited.”
• “As part of the change of ownership on 14 November 2025, the group has agreed a new Senior Debt facility with Lloyds. The new facilities were put in place to support the future growth of the group and change of ownership.”

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.