FONAB SPV 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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. In conclusion, the Directors have considered the above factors, along with post year end trading of the group. As a result of this process the Directors continue to apply the going concern basis in the preparation of the financial statements.”

Group structure

1. FONAB SPV LIMITED · parent
   1. Fonab Castle Hotel Limited 100% · England · hotelier

Significant events

• “The bank loan facility was repaid in full on 31 March 2025, with the charges in place subsequently released. A new bank loan facility was taken out in the name of Blantree Midco Limited, a company under the control of the parent company, Blantree Holdco Limited to refinance the wider group bank borrowings. The repayment of the existing bank loan facilities was funded by an inter company loan from Blantree Midco Limited.”
• “At a group level the shareholders of Blantree Holdco Limited have pledged their continued support and have demonstrated this through the injection of a further £1.1m in December 2024 and £0.9m in Feb 2025 to provide working capital plus £5m in March 2025 to part-repay the Vendor Loan Note in the name of Blantree Midco Limited.”
• “The company has provided a guarantee in respect of bank borrowings of £40,000,000 in the name of Blantree Midco Limited, a sister company under the common control of Blantree Holdco Limited.”

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.