ELSICK DEVELOPMENT COMPANY LIMITED
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Cash
£124K
+35.8% vs 2024
Net assets
-£24M
-18.7% lowest in 4 filed years
Employees
2
0% vs 2024
Profit before tax
—
Period ending 2025-08-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade. This assumption is based upon assurances received from the directors that it is their intention to provide such assistance as is required to enable the company to meet its financial commitments.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2022-08-31 | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | -£4,814,024 | -£4,520,538 | -£3,810,613 | +15.7% | |
| Cash | £358,174 | £123,014 | £91,457 | £124,171 | +35.8% | |
| Total assets less current liabilities | £15,151,495 | £12,653,145 | £10,562,637 | £9,408,945 | -10.9% | |
| Net assets | -£11,151,421 | -£15,999,645 | -£20,554,663 | -£24,399,476 | -18.7% | |
| Equity | -£11,151,421 | -£15,999,645 | -£20,554,663 | -£24,399,476 | -18.7% | |
| Average employees | 2 | 2 | 2 | 2 | 0% | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-08-31 | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|---|
| Current ratio | — | 6.51x | 6.16x | 5.24x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade. This assumption is based upon assurances received from the directors that it is their intention to provide such assistance as is required to enable the company to meet its financial commitments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THE DUKE OF FIFE, David Charles Carnegie, His Grace | Secretary | 2016-09-13 | — | — |
| THE DUCHESS OF FIFE, Caroline Anne, Her Grace | Director | 2008-08-20 | Nov 1961 | British |
| THE DUKE OF FIFE, David Charles Carnegie, His Grace | Director | 2008-08-20 | Mar 1961 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Her Grace Caroline Anne The Duchess Of Fife | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-11-01 |
| Southesk Company Limited | Corporate entity | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-12 | AA | accounts | Accounts with accounts type small | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-13 | AA | accounts | Accounts with accounts type small | |
| 2022-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-14 | AA | accounts | Accounts with accounts type small | |
| 2021-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-31 | AA | accounts | Accounts with accounts type small | |
| 2020-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-08 | AA | accounts | Accounts with accounts type small | |
| 2019-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-04 | AA | accounts | Accounts with accounts type small | |
| 2018-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-06-04 | AA | accounts | Accounts with accounts type small | |
| 2017-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-06-10 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.