BERKELEY ESTATE ASSET MANAGEMENT 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

  -18.7%

  £16,710,602 → £13,588,756

• Cash

  +396.6%

  £2,256,172 → £11,203,363

• Net assets

  +71.7%

  £2,571,434 → £4,416,074

• Employees

  +13.3%

  15 → 17

• Operating profit

  -38.3%

  £3,427,260 → £2,114,219

• Profit before tax

  -37.6%

  £3,429,875 → £2,139,365

• Wages

  +20.8%

  £3,895,779 → £4,706,240

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

Standalone (parent only)

Auditor

Arnold Hill & Co LLP

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 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.”

Significant events

• “The principal activities of Berkeley Estate Asset Management Limited ("BEAM") is to asset manage real estate through its whole life cycle (acquisition, development, asset management and sale) in order to achieve sustainable and long-term returns for its client.”
• “BEAM's principal risk is that it manages a portfolio of assets on behalf of a single client. Thus, in the unlikely event that BEAM's client terminates the Asset Management Agreement under which BEAM operates, income would substantially reduce.”
• “Economic Risk: Although inflation has dropped considerably in the last 12 months, there is still much uncertainty and lack of market confidence, with elevated cost of debt reducing investment levels. The weaker economic outlook has created higher levels of macro-economic uncertainty.”
• “Real Estate Market Risk: The viability of development projects has also come under pressure during 2024, as the outward shift in yield has remained, particularly for larger assets, which has been partly offset by stronger rental growth in the core locations. The planning process continues to be challenging.”
• “Finance and Risk Management: Income forecasts are produced and reviewed regularly to ensure there is sufficient cashflow within the business. Risk is mitigated by ensuring a high cash balance is held.”
• “The Asset Management Agreement was entered with Berkeley Estate Asset Management Ltd on 18 January 2023, to replace the agreement that was previously in place with Astrea Asset Management Ltd.”

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

Filings

2

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.