ELITE CASK LIMITED
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Cash
£1.5M
+79.6% highest in 3 filed years
Net assets
-£9.1M
-8% vs 2024
Employees
0
Average over period
Profit before tax
-£674K
+73.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As at 31 December 2025, the Company net current liability was £4.4m and net liability position was £9.1m, and the loss for the year was £674k. The company will require additional funds, through funding from its ultimate parent company, Elite UK REIT to meet its liabilities. There can be no certainty this support will continue.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £9,467,000 | £4,698,000 | £5,982,000 | +27.3% | |
| Operating profit | £2,821,000 | £890,000 | £2,443,000 | +174.5% | |
| Profit before tax | -£8,992,000 | -£2,572,000 | -£674,000 | +73.8% | |
| Net profit | -£8,992,000 | -£2,572,000 | -£674,000 | +73.8% | |
| Cash | £677,000 | £842,000 | £1,512,000 | +79.6% | |
| Total assets less current liabilities | £52,753,000 | £47,941,000 | £46,666,000 | -2.7% | |
| Net assets | -£12,143,000 | -£8,415,000 | -£9,089,000 | -8% | |
| Equity | -£12,143,000 | -£8,415,000 | -£9,089,000 | -8% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £887,000 | £834,000 | £1,933,000 | +131.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 29.8% | 18.9% | 40.8% | |
| Net margin | -95.0% | -54.7% | -11.3% | |
| Return on capital employed | 5.3% | 1.9% | 5.2% | |
| Gearing (liabilities / total assets) | 120.6% | 115.2% | 117.1% | |
| Current ratio | 0.55x | 0.40x | — | |
| Interest cover | 0.67x | 0.25x | 0.76x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As at 31 December 2025, the Company net current liability was £4.4m and net liability position was £9.1m, and the loss for the year was £674k. The company will require additional funds, through funding from its ultimate parent company, Elite UK REIT to meet its liabilities. There can be no certainty this support will continue.”
Significant events
- “On 5 February 2026, the Group entered into new lease agreements with the Secretary of State for Housing, Communities and Local Government providing for additional lease terms. On the same date, the Group entered into an agreement for Capital Incentives. Subsequent to the reporting date, the Company completed the disposal of an investment property on 9th March 2026 for gross proceeds of £3.25m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORNHILL SECRETARIES LIMITED | Corporate Secretary | 2023-05-26 | — | — |
| ASHMORE, Nicholas David | Director | 2023-06-19 | Sep 1961 | 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 | 2019-11-08 | 2023-05-26 |
| CHIEW, Chuanjin | Director | 2019-11-08 | 2021-03-09 |
| WANG, Shaldine | Director | 2021-03-09 | 2023-06-19 |
| DYE & DURHAM DIRECTORS LIMITED | Corporate Director | 2019-11-08 | 2023-05-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elite Kist Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-09 | Active |
| Elite Bushel Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-10 | Ceased 2021-03-09 |
| Elite Partners Holdings Pte Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-08 | Ceased 2019-12-10 |
Filing timeline
Last 20 of 128 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-31 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2026-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-29 | AA | accounts | Accounts with accounts type full | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-06 | SH01 | capital | Capital allotment shares | |
| 2024-09-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.