PORTCULLIS OLDHAM 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

  +3.1%

  £13,119,187 → £13,527,212

• Cash

  -42.3%

  £1,654,113 → £953,777

• Net assets

  +12.9%

  £19,438,819 → £21,952,424

  highest in 4 filed years

• Employees

  +8.5%

  47 → 51

• Operating profit

  +253.2%

  £1,206,993 → £4,262,782

• Profit before tax

  +327.5%

  £822,378 → £3,515,944

• Wages

  +12.1%

  £2,340,850 → £2,624,621

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.

1. PORTCULLIS OLDHAM LIMITED 2023-10-16 → present
2. GROCO 502 LIMITED 2020-02-27 → 2023-10-16

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the forecasts relating to the future performance of the group and company for a period not less than 12 months from the date of these financial statements in assessing whether the group and company will have sufficient funds to pay its obligations as they fall due. At the time of approving the financial statements, the directors have a reasonable expectation that the group and company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis. There was a breach of the loan covenant for the quarter ended March 2024 due to the EBITDA being below the agreed level. The Directors entered discussions with the bank and agreed new covenants in principle pre year end. As such they do not believe a material uncertainty exists. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. PORTCULLIS OLDHAM LIMITED · parent
   1. Groco 2023 Limited 100% · Dormant
   2. Manchester Cabins Limited 100% · Hire and sale of portable and modular structures
   3. Bunkabin Limited 100% · Provision of cabins for hire
   4. Another Level Car Parks Limited 100% · Provision of car park modules for sale or hire

Significant events

• “The group also had exceptional income of £1.66m (2023: £nil) following the revaluation of the group's investment properties.”
• “A provision was made of £1.47m (2023: £2.74m) during the year in relation to a related party loan to ensure all assets are held at recoverable value in the short to medium term.”
• “There was a breach of the loan covenant for the quarter ended March 2024 due to the EBITDA being below the agreed level. The Directors entered discussions with the bank and agreed new covenants in principle pre year end. As such they do not believe a material uncertainty exists.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

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.