SOUTH AMERICA PROPERTIES LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-18 (in 6mo)
Last made up 2025-11-04
Watchouts
None on the register
Cash
£562K
USD 751,263
lowest in 3 filed years
Net assets
£127M
USD 170,339,032
Equity attributable
Employees
84
Average over period
Profit before tax
-£6M
USD -8,376,957
Period ending 2024-12-31
Net assets
5-year trend · vs Unclassified 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 | — | — | — | £121,049,914 | £92,003,084 | |
| Operating profit | — | — | £28,874 | £17,275,156 | £11,682,409 | |
| Profit before tax | — | — | — | £11,871,297 | -£6,262,209 | |
| Net profit | £1,280,727 | — | — | £11,750,912 | -£6,675,816 | |
| Cash | — | £745,230 | — | £1,252,648 | £561,608 | |
| Total assets less current liabilities | — | — | — | £161,723,786 | £144,819,969 | |
| Net assets | — | £46,307,288 | — | £134,013,060 | £127,337,245 | |
| Equity | — | £46,307,288 | £47,677,932 | £134,013,060 | £127,337,245 | |
| Average employees | 69 | 77 | 81 | 84 | 84 | |
| Wages | — | — | — | £3,057,554 | £3,305,974 | |
| Directors' remuneration | — | — | — | £1,143,776 | £1,424,545 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
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 | — | — | — | 14.3% | 12.7% | |
| Net margin | — | — | — | 9.7% | -7.3% | |
| Return on capital employed | — | — | — | 10.7% | 8.1% | |
| Current ratio | — | — | — | 1.94x | 1.99x | |
| Interest cover | — | — | — | 2.84x | 0.63x |
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
- Kirk Rice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' 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 limited liability partnership'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
- SOUTH AMERICA PROPERTIES LLP · parent
- Maltería Oriental S.A 99.99%
Significant events
- “To date, pending litigation, it is not yet possible to determine with certainty the resolution of the respective courts and therefore the effects that these may have on the results of the LLP.”
- “On May 27th 2009, a non-moving pledge agreement was signed with Bank of Republic Oriental Uruguay for an amount of $2,676,000 putting machinery owned by the company as a guarantee.”
- “On August 12th 2015, Bank of Republic Oriental Uruguay granted credit to Malteria Oriental S.A for an amount of $14,000,00 for which a mortgage was made in favour of the Bank on the land with the building and all the improvements up to the amount of the credit granted.”
- “On December 10th 2017, given the commercial projections and the need to request a line of credit, the Board of Directors approved the granting of a pledge agreement of machinery under guarantee with the Bank of Republic of Oriental Uruguay for an amount of $23,582,000, which was formalised on May 11th 2018 by a non-moving pledge agreement.”
- “On December 11th 2019, given the importance of the investment in the implementation of new technologies applied to the company's activity, and in view of the approval of the acquisition of a new tower for malt processing, it became necessary to grant a contract for the constitution of a non-displaced pledge on the tower to be imported. The loan contract is with the German Bayerische Landesbank for an amount of €9,796,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARADISE HOLDINGS OVERSEAS CORP. | Corporate Llp Designated Member | 2010-11-26 | — | — |
| TERRAFLORA DEVELOPMENT S.A. | Corporate Llp Designated Member | 2010-11-26 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Walter Faria | Individual | significant-influence-or-control-limited-liability-partnership | 2019-05-23 | Active |
| Terraflora Development Sa | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Ceased 2019-05-22 |
Filing timeline
Last 20 of 53 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-05 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2023-11-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-08-25 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2023-08-25 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2023-08-25 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2023-05-25 | AA | accounts | Accounts with accounts type group | |
| 2023-05-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-04-25 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-11-09 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-10-25 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-03-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-03-08 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-12-03 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-30 | AA | accounts | Accounts with accounts type group |
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.