2025 Annual Report and Accounts
- Five-year £17.7 million facility agreed with Coutts & Co, sole bank lender to the group
- Completed disposal of two properties, reducing Group borrowings
- Administrative expenses reduced by 5.8% to £1,282,247 (FY 2024 £1,361,120)
- Revenue decreased 1.4% to £5,505,203 primarily due to Melton Mowbray disposal (FY 2024 £5,585,526)
- Value of investment property down 3.5% to £72,733,522 (FY 2024 £75,339,777) largely due to Dorchester disposal
2024 Annual Report and Accounts
- Revenue stable at £5,585,526 (FY 2023 £5,557,714)
- Value of investment property down 3.5% to £75,339,777 (FY 2023 £78,106,598) as a result of fair value adjustments largely driven by yield movements
- £10 million CLN extended for a further 2 years to May 2025
- £1 million shareholder loan repaid in full reducing debt balance
- Occupancy of 96% across the portfolio
- 97% of Groups income from Government and Major Industrial & Commercial companies
2023 Annual Report and Accounts
- Value of investment property up 2.1% to £78,106,598 (FY 2022 £76,500,343)
- Shareholders funds up 1.3% to £34,426,901 (FY 2022 £33,988,485)
- Cash resources of £6,228,032 following successful open offer and refinancing (FY 2022 £2,245,873)
- Revenue reduced 2.5% to £5,557,714 (FY 2022 £5,697,850) largely due to disposals in the prior year
- 98% of Groups income from Government and Major Industrial & Commercial companies
2022 Annual Report and Accounts
- Profit before tax up 49% to £2,066,232 (FY 2021 £1,386,072)
- Lower rental income more than offset by cost reductions
- Shareholders funds up 5.6% to £33,988,485 (FY 2021 £32,196,180)
- Re-finance creates stability and opportunities for growth
- Dividend of 3.4 p per share approved
2021 Annual Report and Accounts
- Portolio value up 3.0% to £89,936,560 (FY2020 £87,318,017)
- Shareholders’ funds up 3.9% to £32,196,180 (FY £30,986,132)
- Portfolio total passing rent up 5.5% at £6,926,440 (FY2020 £6,556,740)
- Profit after tax improved to £1,210,048
- Most Ace properties in “levelling up” priority areas. 50% in high priority
2020 Annual Report and Accounts
- 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
2019 Directors Report and Group Financial Statements
- Highlights
- Revenue - £5,072,435 up 44.3%
- Property assets £88.3m up 51.7%
- Comprehensive Income £814,562 up 125.5%
- Profit after tax £765,717 up 111.94%
- Dividend payments 2.5p per share double last year
- Three dividends earlier receipt by shareholders
- Earning per share
- Basic 1.97p up 116.5% Diluted EPS 1.15p up 88.5%
2018 Directors Report and Group Financial Statements
- Highlights
- Revenue for 2018 up to £3,515,088 from £2,632,219 in 2017 (33.5% increase)
- Property assets have increased 49.4% to £58,221,856 (2017: £38,979,308)
- Profit before non-recurring income and overheads increased by 25.7% from £839,198 in 2017 to £1,054,510
- Further properties purchased since theyear-end total approximately £35m
- Continued show of support from shareholders who provided funding of £5.3m by way of convertible loan note issued through an open offer
- Banking relationships expanded through further facilities with Coutts & Co
2017 Directors Report and Group Financial Statements
- The results for the year show an increase in revenue from £2,037,308 for the year ended 30 April 2016 to £2,632,219 in the year under review. Profit before taxation has increased from £612,334 to £1,122,317. The directors have continued to value the portfolio conservatively.
- The directors have continued the Company’s policy of increasing the dividend each year with a payment of 4.0% in June 2017. It is the Board’s policy to continue to pay an increasing dividend unless constrained by economic conditions.
2016 Directors Report and Group Financial Statements
- The results for the year show an increase in revenue from £1,201,185 for the year ended 30 April 2015 to £2,037,308 in the year under review. Because of the decision made by the directors to reduce the valuation of the Company’s property portfolio at 30 April 2016, the profit before tax has dropped from £1,055,581 in the previous year to £612,334 in the year under review. Further details of the Group’s performance are contained within the detailed reports.
- The directors value the support of our shareholders and have continued our policy of increasing the dividend each year with a payment of 3.3% in June 2016. It is the Board’s policy to continue to pay an increasing dividend unless constrained by economic conditions.
2015 Directors Report and Group Financial Statements
- The consolidated financial results for Ace Liberty & Stone plc represent excellent news for shareholders.
- Profit before tax has doubled from £518,791 in 2014 to £1,055,581 in 2015, with basic earnings per 1p share improving from 0.12p to 0.18p.
- Equity attributable to the owners of the parent company of the Group has increased from £8,244,105 to £12,410,366- a 50% increase.
