Financial Reports

FINANCIAL REPORTS (LATEST 2 YEARS)

in 2021 & 2020, Financial Reports

2021 Annual Report and Accounts

Highlights

  • 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

To read this Financial Report, please click on the image.

in 2021 & 2020, Financial Reports

2020 Annual Report and Accounts

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

To read this Financial Report, please click on the image.