MREF IV CARE HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-29 (in 2mo)
Last made up 2025-07-15
Watchouts
Cash
£2M
-20.3% vs 2023
Net assets
£1M
+236.8% highest in 3 filed years
Employees
420
+4.2% vs 2023
Profit before tax
£1M
-19.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2 of the financial statements, which indicates that there are uncertainties as to whether the company will be able to renew its bank lending facilities when the current facilities terminate in March 2026. These events or conditions, along with other matters as set out in note 2, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern.
Net assets
5-year trend · vs Health Care median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £19,166,502 | £21,304,510 | |
| Operating profit | — | — | — | £1,746,263 | £2,422,100 | |
| Profit before tax | — | — | — | £1,758,789 | £1,414,560 | |
| Net profit | — | — | £146 | £1,215,503 | £912,148 | |
| Cash | — | — | — | £2,964,834 | £2,362,523 | |
| Total assets less current liabilities | — | — | — | £20,153,565 | £22,407,964 | |
| Net assets | — | — | £10,102 | -£978,768 | £1,339,318 | |
| Equity | £10,001 | £9,956 | £10,102 | -£978,768 | £1,339,318 | |
| Average employees | — | — | — | 403 | 420 | |
| Wages | — | — | — | £9,835,124 | £11,023,026 | |
| Directors' remuneration | — | — | — | £0 | £0 |
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
-
Turnover
+11.2%
£19,166,502 £21,304,510
-
Cash
-20.3%
£2,964,834 £2,362,523
-
Net assets
+236.8%
-£978,768 £1,339,318
highest in 3 filed years
-
Employees
+4.2%
403 420
-
Operating profit
+38.7%
£1,746,263 £2,422,100
-
Profit before tax
-19.6%
£1,758,789 £1,414,560
-
Wages
+12.1%
£9,835,124 £11,023,026
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 9.1% | 11.4% | |
| Net margin | — | — | — | 6.3% | 4.3% | |
| Return on capital employed | — | — | — | 8.7% | 10.8% | |
| Gearing (liabilities / total assets) | — | — | — | 102.0% | 97.4% | |
| Current ratio | — | — | — | 1.17x | 1.04x | |
| Interest cover | — | — | — | 1.11x | 1.43x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2 of the financial statements, which indicates that there are uncertainties as to whether the company will be able to renew its bank lending facilities when the current facilities terminate in March 2026. These events or conditions, along with other matters as set out in note 2, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern.”
Group structure
- MREF IV CARE HOLDINGS LIMITED · parent
- NF Care Holdings Limited 100%
- Cherry Blossom Care Home Limited 100%
- Magdalen House Limited 100%
- Sentinel Health Care Limited 100%
- Dunwood Properties Limited 100%
- Waverley Lodge Romsey Limited 100%
- Cedar Lawn Romsey Limited 100%
- New Forest Fritham Limited 100%
- Dunwood Manor Romsey Limited 100%
Significant events
- “Subsequent to the year end, the group disposed of five of its subsidiary undertakings, New Forest Fritham Limited, Cedar Lawn Romsey Limited, Dunwood Manor Romsey Limited, Dunwood Properties Limited and Waverley Lodge Romsey Limited for total consideration of £9,447,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FERGUSON-DAVIE, Charles John | Director | 2020-07-21 | Oct 1978 | British |
| GILBARD, Marc Edward Charles | Director | 2020-07-21 | May 1962 | British |
| SPENCE, Paul Ramsay | Director | 2020-07-28 | Mar 1961 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mref Iv Gp Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-21 | Active |
Filing timeline
Last 20 of 25 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-29 RESOLUTIONS Resolution
- 2022-11-29 MA Memorandum articles
- 2020-08-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-10-22 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | AA | accounts | Accounts with accounts type group | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-26 | AA | accounts | Accounts with accounts type group | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-29 | MA | incorporation | Memorandum articles | |
| 2022-09-28 | AA | accounts | Accounts with accounts type group | |
| 2022-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-22 | AA | accounts | Accounts with accounts type dormant | |
| 2021-11-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-08-15 | SH08 | capital | Capital name of class of shares | |
| 2020-08-15 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.