GENESIS (SOUTH) HOLDINGS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -24%

  £10,171,252 → £7,733,423

• Cash

  +2,009.1%

  £25,906 → £546,395

• Net assets

  -22.5%

  £20,137,821 → £15,611,803

• Employees

  -100%

  15 → 0

• Operating profit

  +343.3%

  -£239,162 → £581,980

• Profit before tax

  +293.8%

  -£244,636 → £474,208

• Wages

  -37.2%

  £453,258 → £284,437

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

Consolidated group

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. GENESIS (SOUTH) HOLDINGS LIMITED · parent
   1. Russell Armer Group Limited 100% · United Kingdom
   2. Russel Armer Limited 100% · United Kingdom
   3. Kentgate Development Limited 100% · United Kingdom
   4. Oakfield Park (Kirkby Lonsdale) LLP 50% · United Kingdom

Significant events

• “The trading results for the year and the Group's financial position at the year-end are shown in these financial statements. It should be noted that these trading results are for an 11-month period, with the Directors having made the strategic decision to change the year end date to bring it in line with its banking sector partners.”
• “The company is currently in an exciting execution period of consolidation and transition, in order to achieve our goals. Genesis Homes Group Ltd will consolidate Genesis (South) Holdings Ltd and all owned subsidiaries. During the transition, the Russell Armer brand will no longer be utilised as a trading name (unless tactical reason arises to use the Russell Armer brand by exception), with the much stronger regionally recognised Genesis Homes brand taking over on all newly launched developments.”
• “The Group is now embarking on a regional growth plan which identifies focused growth into the Lancashire area. The intention is to double the output of the Group over the next 4 years to 300 units per year.”

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

Filings

6

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.