PURPLEBRICKS PROPERTY LIMITED

• ⚠

  Material uncertainty over going concern

  The forecasts are subject to external market trends, the company's operational execution and the long-term availability of future funding. In light of such risks, there is a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Notwithstanding this material uncertainty, the directors remain confident in the strategy, future direction, and long-term plans of the business. The directors therefore have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing these financial statements.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

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. PURPLEBRICKS PROPERTY LIMITED 2023-06-15 → present
2. STRIKE BIDCO LIMITED 2023-05-09 → 2023-06-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HW Fisher Audit

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The forecasts are subject to external market trends, the company's operational execution and the long-term availability of future funding. In light of such risks, there is a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Notwithstanding this material uncertainty, the directors remain confident in the strategy, future direction, and long-term plans of the business. The directors therefore have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing these financial statements.”

Significant events

• “On 2 June 2023, the company acquired the trade, assets and substantially all of the liabilities of Purplebricks Group Plc for £1 with all existing employees transferring. The process of transferring the existing operations of Strike Limited, the ultimate parent company within the Strike Group of Companies, to the company to create a consolidated service offering to customers under the Purplebricks brand also commenced.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.