Financial Reports

FINANCIAL REPORTS

in 2018 & 2017, Financial Reports

2020 Annual Report and Accounts

2020 Annual Report

Highlights

  • Revenue for the year up 26.0% to £6,391,897 (FY2019: £5,072,435)
  • Improved debt / equity ratio at 163% (FY2019: 289%)
  • Increased shareholders’ funds of £31,647,257 (FY2019: 21,170,030) (49.5% increase)
  • Increased cash resources of £7,432,958 (FY2019: £1,956,742)
  • Tenancies of local and national government departments stable at 58% (FY2019: 59%), ensuring continuity of income

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in 2018 & 2017, Financial Reports

2018 Directors Report and Group Financial Statements

The Year 2018 report that revenue for the year has increased to £3,515,088 from £2,632,219 in 2017. Although profit before tax has dropped from £1,122,317 in 2017 to £214,141 in the current year, the KPI report shows that the profit earned by the business before non-recurring income and overheads increased from £839,198 in 2017 to a current year value of £1,054,510…

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in 2018 & 2017, Financial Reports

2017 Directors Report and Group Financial Statements

I am pleased to report that Ace Liberty & Stone plc continues to make good progress and is active in the commercial property market. At 30 April 2017 the Group’s portfolio was valued at £38,979,308 compared to £29,488,428 a year earlier. During the year ended 30 April 2017, Ace purchased 1 – 5 Upper Market Square, Hanley for £9,000,000 and Grosvenor Casino, Manchester for £4,000,000. These properties are featured on the inside front cover of this report…

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in Financial Reports

2016 Directors Report and Group Financial Statements

The year has seen several notable achievements. The sale of Hume House has been agreed at £3,550,000 for completion in December 2016, having been purchased for £1,670,000 in March 2014. The Group’s property holdings have grown during the year from £23,964,428 to £29,488,428 and the Group also managed a very successful fundraising from existing shareholders (which was handsomely over-subscribed) of £3,500,000 in February, providing funds for the – post year-end – purchase of 1–5 Upper Market Square, Hanley valued at £9,000,000. This will take our portfolio to almost £40,000,000 by the date of the AGM…

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in Financial Reports

2015 Directors Report and Group Financial Statements

The year has seen several notable achievements. The sale of Hume House has been agreed at £3,550,000 for completion in December 2016, having been purchased for £1,670,000 in March 2014. The Group’s property holdings have grown during the year from £23,964,428 to £29,488,428 and the Group also managed a very successful fundraising from existing shareholders (which was handsomely over-subscribed) of £3,500,000 in February, providing funds for the – post year-end – purchase of 1–5 Upper Market Square, Hanley valued at £9,000,000. This will take our portfolio to almost £40,000,000 by the date of the AGM. To put this in context…

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