Final results for the period ended 30 Sep 2023

Roadside Real Estate PLC
03 May 2024



Roadside Real Estate Plc


("Roadside", the "Group" or the "Company")


Final results for the period ended 30 September 2023



Roadside, (AIM: ROAD) announces its audited results for the period to 30 September 2023, following a year in which it has refocused its strategy on roadside real estate to institutionalise a new sub-sector of the real estate market, established a joint venture with Meadow Partners LLP, ("Meadow") to implement this strategy and progressed its disposal programme.



Charles Dickson, Executive Chairman of Roadside, said:


"We have made significant progress in realigning our business to focus on creating an exciting £250m portfolio of roadside real estate assets under management in desirable locations that cater to the needs of local communities and businesses.


"Much of our immediate £100m target asset pipeline is under negotiation, and we have an exciting roster of prospective tenants keen to occupy our planned acquisition sites, which will feature a combination of Drive-Thru, Foodvenience, Local Logistics, Trade Counters and Electric Vehicle charging stations.


"We were especially pleased to complete the development of two wholly owned sites in Wellingborough and Maldon, marking the first significant milestones in the implementation of our strategy.


"By the end of the 2024 calendar year we expect to have deployed substantially all of the £100m capital allocation agreed with Meadow, rapidly assembling an institutional quality portfolio, increasing the Company's management and development fee earnings.


'We have taken full control of SleepEngine® IP, successfully sold a minority stake in Cambridge Sleep Sciences ("CSS") for £7.5m in cash post year end, demonstrating the value of CSS and creating significant liquidity for the Group.


"We look forward to sharing updates as we move ahead."



Financial highlights



15 months


12 months


Revenue from continuing operations* (£m)




Operating profit from continuing operations* (£m)




Loss after tax** (£m)




Net -decrease/increase in cash (£m)




Basic earnings per share (pence)




Net assets/-liabilities per share (pence)






Continuing operations is real estate. Roadside has sold Workshop Coffee and wound down Centurian Automotive. The disposal of Barkby Pubs is progressing and the Board continues to assess the best way to maximise the value of the Group's remaining stake in CSS, therefore these businesses have been presented as discontinued operations.


The loss after tax of £10.2m includes a £2.6m decrease in fair value of investment property and £2.3m loss from discontinued operations.



Operational highlights


Real Estate

The Group's focus is to build and scale a high-quality, substantial portfolio of modern, ESG compliant roadside real estate investments

Construction completed at Wellingborough and Maldon and the Company will retain both assets

Wellingborough was valued at £3.9m at the period end and has contracted rent of £237,000 per annum from tenants including Greggs Plc, Formula One Autocentres Ltd., City Plumbing Supplies Holdings Ltd and C. Brewers & Sons Ltd

Maldon was valued at £4.8m at the period end and has contracted rent of £280,000 per annum with contracted tenants being Costa Coffee Ltd., Formula One Autocentres Ltd, Toolstation Ltd and City Electrical Factors Ltd.

After the period end, the Company acquired three sites via its joint venture with Meadow in Stoke, Gosport and Coventry. Roadside contributed 3% of the acquisition cost for each site in line with the joint venture agreement and will earn ongoing asset management fees as well as its share of rental income


Discontinued operations

As previously announced in July 2022, the Board determined to dispose of the Group's non-real estate businesses and investments and has made the following progress in the period under review:

CSS has made significant progress with its Software-as-a-Service license-based business model and agreed several global licensing deals. It continues to expand its pipeline of new licensee opportunities. A strategic review of the business is underway with the aim of evaluating the most appropriate corporate setting and structure for the company in the best interests of Roadside's shareholders. There can be no certainty that any offer or sale will ultimately be made for CSS or the value of any such proposed deal

Workshop Coffee was sold to its management team on 31 July 2023 for receivable consideration of £480,000, which has been satisfied in full

Centurian Automotive wound-down trading activity from January 2023 and the final remaining stock vehicles were sold after the period end

Barkby Pubs reduced its operations during the period, with the disposal of one freehold and lease surrenders agreed with the landlord of two other pubs. Two further leasehold sites have been sold post year end and we anticipate that the final group of four pubs will be sold in due course



The results of Workshop Coffee, Centurian Automotive, Barkby Pubs and Cambridge Sleep Sciences are presented as discontinued operations in the results for the period to 30 September 2023.



The Group intends to scale its roadside commercial property business with capital provided by its joint venture with Meadow

The Group has established an extensive immediate £100m pipeline of targets and has expanded its medium term target pipeline by a further £150m to c.£250m

The Group has improved liquidity following the issue of a loan note in April 2024, refinancing and extending its debt facilities alongside the proceeds from the CSS stake sale.



Change of accounting reference date


As previously announced, the Company has changed its accounting reference date to 30 September. Accordingly, the accounting period presented is for the period from 3 July 2022 to 30 September 2023.



Restoration of Trading and Posting of Annual Report


With the announcement of its Final Results for the period ended 30 September 2023, the Company has requested that trading in its ordinary shares on AIM be restored with effect from 7.30 a.m. on 3 May 2024.


In accordance with AIM Rule 20, the 2024 annual report is available to view on the Company's website: and will be posted to shareholders later today.







Roadside Real Estate PLC

Charles Dickson, Executive Chairman

c/o Montfort



Olly Scott

Georgia Colkin



+44 (0)78 1234 5205

+44 (0)75 4284 6844

Cavendish Capital Markets Limited (Nomad and Broker)

Carl Holmes / Simon Hicks / Fergus Sullivan (Corporate Finance)

Tim Redfern (ECM)


+44 (0)20 7220 0500

Stifel Nicolaus Europe Limited (Financial Adviser and Joint Corporate Broker)

Mark Young

Jonathan Wilkes-Green

Catriona Neville


+44 (0)20 7710 7600


About Roadside Real Estate PLC

Roadside Real Estate is focused on building and scaling a high-quality portfolio of modern assets.



Chairman's statement


The Group has made good progress on its strategy to focus on roadside real estate and dispose of non-core investments. To reflect the significant progress towards this strategy, the Group changed its name to Roadside Real Estate plc in January 2024.


Strategic focus

As previously outlined, following admission to trading in AIM in January 2020, Covid impacted heavily on the Group's hospitality and other businesses. It, thus, emerged from these early years with a renewed focus on its real estate business.


During the period to 30 September 2023, the business completed its first roadside real estate development at Wellingborough, which was followed by completion of a second site in Maldon.


We are also pleased to be working with our joint venture partner, Meadow, to develop a roadside real estate portfolio by acquiring high-quality sites where we can meet the requirements and demands of both local communities and businesses by offering a mix of Drive Thru, Foodvenience, Local Logistics and Trade Counter Businesses, alongside EV charging facilities.


With access to the capital required, the joint venture can institutionalise a new asset class within the real estate sector.


The JV's first acquisition was completed in October 2023 at Stoke. This asset has scope for several accretive investment opportunities, not least the installation of much-needed EV charging infrastructure.



Roadside is focused on two further development assets in Swindon and Spalding and looks forward to updating shareholders in due course.


The JV has an prospective roadside real estate investment pipeline in excess of £100m, which we are confident will attract high-quality nationwide tenants, underpinning reliable, long term income streams. We believe this JV has the opportunity to create a portfolio worth c.£250m over time. Roadside will contribute and own at least 3% of the joint venture and will earn both development fees and ongoing asset management fees for the joint venture's assets.


As previously announced, the Board continues to evaluate the best corporate setting to maximise shareholder value from its investment in CSS. There can be no certainty that any de-merger or sale of CSS will ultimately be made or as to the value of any such possible transaction. However, it is encouraging that the Company has realised value from its investment and secured vital IP rights that underpin CSS's future prosperity.


Finally, I would once again like to recognise our most important asset: our people, who have demonstrated solidarity and commitment across the Group. Despite substantial changes within the business and the impact of events outside our control, I have been hugely impressed and proud of the attitudes shown across all of our teams. We now look forward to rolling-out our real estate strategy and unlocking its potential for success.



Business and Financial Review


Roadside Real Estate

Roadside sources and develops commercial property schemes across the United Kingdom, specialising in roadside developments including mixed-use trade and retail parks with retail warehouses, logistics, storage, industrial, leisure and quick food service.


Recent acquisition and development deals have been impacted by macro-economic conditions, including inflation and higher interest rates. This has resulted in a decrease in fair value of £2.6m in the period.  However, this has also created excellent acquisition opportunities and there remains a strong interest in the Group's upcoming schemes from tenants.


The commercial property development pipeline was completed during the year, with two schemes completed at Wellingborough and Maldon.



The asset is located on Dennington Road and has excellent links to local communities in Northampton and Kettering, main arterial A-roads and the M1. The site was purchased in January 2021 for £540,000 subject to planning and was 90% pre-let prior to construction works commencing to reposition the site in line with the Company's investment criteria.


The asset's total rentable space of 14,100 sq.ft. is occupied by Greggs (as a Drive Thru), Formula One Autocentres, City Plumbing Supplies and a branch of Brewers Decorator Centre, producing a total rental income of £237,000 per annum. These tenants meet our demanding occupier criteria by virtue of their strong structural underpinnings, brands and covenants. The asset benefits from a WAULT of over 12 years, with index-linked rental agreements.


Following completion, the asset has an EPC rating of A and its sustainability credentials will shortly be further enhanced by the completion of four Ultra-fast EV charging bays, creating a new income stream for the asset and delivering new customer footfall for tenants. Wellingborough was valued at £3.9m at the period end.



The Maldon development is situated just off the A414 Wycke Hill in a prime location next to Wycke Hill business park and near the town of Maldon, where 1,500 new dwellings are currently under development. It was purchased in October 2021 for £2.2m. The asset's total rentable space of 14,200 sq ft will be occupied by a Costa Coffee (as a Drive Thru), Formula One Autocentres, Toolstation, City Electrical Factors and Be-EV producing a total rental income of £280,000 per annum, 78% of which is index-linked with caps and collars. These tenants meet the Company's demanding occupier criteria by virtue of their strong structural underpinnings, brands and covenants. Following completion, the asset has an EPC rating of 'A' and the site has been further enhanced with the addition and completion of four Ultra-fast EV charging bays. Maldon was valued at £4.8m at the period end.


Due to an increase in yield expectations in line with higher interest rates, we recognised a decrease in the fair value of our investment properties of £2.9m in the period.


Joint venture with Meadow Partners LLP

The Group explored a variety of options to fund its strategy amidst a challenging capital markets environment. The Board concluded that the JV offered the best structure to support the successful implementation of its strategy, maximising the creation of sustainable shareholder value. The formation of the JV creates a well-capitalised vehicle capable of rapidly deploying investment in target assets.


The JV focuses on acquiring sites where it can offer consumers a mix of Drive Thru, Foodvenience, Local Logistics and Trade Counter businesses alongside opportunities to increase EV charging facilities.


The JV intends to create a modern roadside portfolio worth over £250m through acquisition, asset management and development, including opportunities across the portfolio for electric vehicle charging infrastructure.


Meadow is a real estate private equity manager based in New York and London with US$6.2bn gross AUM. It specialises in middle-market real estate transactions across all sub-sectors and risk profiles. Its partners have been responsible for the acquisition and ongoing asset management of over US$30bn of real estate assets located in the United States, Europe and Asia.


Meadow will initially own and fund 97% of the JV while Roadside will own and fund 3%.


Investments / discontinued operations

CSS has made significant progress on its Software-as-a-Service license-based business model and agreed several global licensing deals. A strategic review of the business is underway with the aim of maximising value at exit.


An unconditional sale agreement equivalent to 10% of CSS was agreed after the period end date and the Board continues to assess the best way to maximise the value of the Group's remaining stake.


Three pubs were exited during the period, and two further exits were completed after the period end. The Board intends to exit the remaining four sites in due course.


Workshop Coffee was sold during the period and the operations of Centurian Automotive were wound down.


As a result of this, the financial result of CSS, Barkby Pubs, Workshop Coffee and Centurian Automotive has been presented as discontinued operations, which generated a loss of £2.4m during the year.



Liquidity and Going Concern


Following a re-assessment of its strategy and opportunities, the Group is now focused on its real estate business, which it believes will generate the best returns in the long term. This decision significantly reduces the cash investment previously required for the growth of CSS and the cash outflows experienced by Centurian Automotive, Workshop Coffee and Barkby Pubs. Roadside has retained its completed property developments located at Wellingborough and Maldon. The focus is now on building a roadside real estate portfolio held in a JV with Meadow Partners LLP. This ensures available capital for deployment and will provide a reliable and recurring cash flow from future development and management fees.


Despite significant progress being made, the disposal of the discontinued operations has not yet completed, therefore the Board has prepared a profitability and cash flow forecast to May 2025 that includes all Group companies and reflects a severe but plausible downturn scenario.


The Directors consider a going concern basis of preparation to be appropriate for the preparation of these financial statements. The Group expects all discontinued operations to be fully disposed of by the end of the current financial year.  The Group's cash flow forecast for the next 12 month period to May 2025 includes the expected timing and quantum of cashflows arising from the discontinued operations as well as the new Group structure, neither of which are certain. In the event that the Group is unable to achieve its forecasts it may be dependent on borrowing facilities or additional funding.


This condition indicates that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.


The Group currently has the following third-party debt:


Tarncourt: The Tarncourt facility is a related party facility owed to a vehicle controlled by the Dickson Family. The facility was extended after the period end to April 2026, with no payments required until that date.


HSBC: The Group banks with HSBC across the majority of its companies. The bank has been supportive in providing working capital facilities (overdraft and CBIL) to meet the Company's requirements. The HSBC overdraft and CBIL was repaid in full post year end, and the Group does not depend on any further funding from HSBC.


Other facilities: There are several smaller legacy borrowings in place within the Group's subsidiaries. The cash flow forecast assumes these facilities are repaid in accordance with their contractual terms.


Prior to completion of the CGV stake sale the Group had net cash available of approximately £0.2m as at 1st May 2024 and an additional £2.0m available under the Tarncourt facility.


Roadside is in the final stages of its strategic restructuring, which will result in its focus being solely on real estate. The Company aims to retain its commercial property developments, providing a reliable source of recurring income and cash flow, as well as high quality investment property assets with equity value that can be unlocked via sale if needed.



Group statement of profit or loss and other comprehensive income


Period ended 30 September 2023


Period ended

30 Sep 23


Year ended

2 Jul 22





Continuing operations





Cost of sales



Gross profit





Other operating income



Administrative expenses



Movement in fair values





Loss from continuing operations





Finance expense



Finance income





Loss from continuing operations before tax



Income tax credit





Loss for the year from continuing operations



Discontinued operations


Loss for the year from discontinued operations



Loss and total comprehensive income for the period



Loss for the year is attributable to:


Non-controlling interest included in discontinued operations



Owners of Roadside Real Estate Plc











Loss per share for profit attributable to the owners of Roadside Real Estate Plc


Basic loss per share from continuing operations



Basic loss per share from discontinued operations







Group consolidated statement of financial position


As at 30 September 2023


As at

30 Sep 23


As at

2 Jul 22







Non-current assets

Property, plant and equipment



Intangible assets



Right-of-use assets



Investment property



Other non-current assets



Total non-current assets



Current assets





Trade and other receivables



Contract assets






Other current assets



Cash and cash equivalents



Total current assets



Assets of disposal groups held for sale



Total current assets



Total assets







Current liabilities


Trade payables






Lease liabilities



Other current liabilities



Total current liabilities



Liabilities of disposal groups held for sale



Total current liabilities



Non-current liabilities





Lease liabilities






Total non-current liabilities



Total liabilities





Net liabilities







Share capital



Share premium



Merger reserve



Issued equity



Retained losses



Fair value reserve



Equity attributable to the owners of Barkby Group Plc



Non-controlling interest



Total equity





Group statement of cash flows


For the period ended 30 September 2023


Period ended

30 Sep 23


Year ended

2 Jul 22





Cash flows from operating activities


Loss before tax from continuing operations



Loss before tax from discontinued operations



Loss before tax



Adjustments to reconcile loss before tax to net cash flows


Depreciation of property, plant and equipment and right-of-use assets



Amortisation of intangible assets



Impairment of goodwill



Loss on disposal of property, plant and equipment



Fair value movement in investment property



Finance income



Finance expense



Working capital changes


Decrease in trade receivables, contract assets and prepayments



Decrease in inventories



(Decrease)/increase in trade and other payables



Total working capital changes



Interest paid



Interest received



Income tax paid





Net cash flow from operating activities





Cash flows from investing activities


Disposal of investments



Purchase of investment property



Purchase of property, plant and equipment



Purchase of intangible assets



Net cash used in investing activities





Cash flows from financing activities


Proceeds from issue of shares



Proceeds from borrowings



Repayment of borrowings



Repayment of lease liabilities



Net cash raised in financing activities





Net increase/(decrease) in cash and cash equivalents



Cash and cash equivalents at the beginning of the financial period



Cash and cash equivalents at the end of the financial period



Cash and cash equivalents of continuing operations at the end of the financial period



Cash and cash equivalents of discontinued operations at the end of the financial period





Statement of changes in equity


For the period ended 30 September 23

Share capital


Merger Reserve

Fair value reserve

Profit and loss reserve

Non-controlling interest


Total equity











Balance at 2 July 2022








Loss after income tax and total comprehensive income for the period








Transfer from fair value reserve








Restricted shares issued








Balance at 30 September 2023










Notes to the financial statements


1. Company information


The consolidated financial statements of Roadside Real Estate plc for the period ended 30 September 2023 were authorised for issue in accordance with a resolution of the directors on 2 May 2024. Roadside Real Estate plc is a public limited company incorporated and domiciled in the UK. The company's number is 07139678 and the registered office is located at 115b Innovation Drive, Milton,

Abingdon, Oxfordshire OX14 4RZ.


The Group's principal continuing activities consist of real estate investment. During the period ended 30 September 2023, the Group decided to dispose of Barkby Pubs (a pub portfolio) and during the prior year ended 2 July 2022 the Group decided to dispose of Workshop Coffee (a speciality coffee roaster), Centurian Automotive (a premium used car dealership) and Cambridge Sleep Sciences, (owner of SleepHub and SleepEngine) which are therefore shown as discontinued activities in these financial statements.



2. Significant accounting policies


The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.


New or amended Accounting Standards and Interpretations adopted

The Group has adopted all of the new or amended UK adopted Accounting Standards and Interpretations issued by the International Accounting Standards Board ('IASB') that are mandatory for the current reporting period.


Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. At present, no new or amended Accounting Standards or Interpretations are expected to have an impact on the reported results in the future.


Basis of preparation

These consolidated financial statements of Roadside Real Estate plc (or "the Group") have been prepared in accordance with UK adopted International Accounting Standards.


Accounting periods

The financial statements have been prepared covering the financial period ended 30 September 2023. The financial period is an extended 15 month period, and in accordance with the Group's policy of drawing up financial statements to the nearest Saturday, consists of a 65 week period ending on 30 September 2023 (2022: 52 weeks and 2 days ending on 2 July 2022). The change to a September year end was to align year ends for all subsidiaries. The Group's consolidated financial statements cover the financial period from 3 July 2022 to 30 September 2023. Therefore, the current and prior periods presented are not comparable.


Historical cost convention

The financial statements have been prepared under the historical cost convention, except for certain assets and liabilities that are held at fair value and are detailed in the Group 's accounting policies. The consolidated financial statements are presented in Pounds Sterling, which is Roadside Real Estate plc's functional and presentation currency and all values are rounded to the nearest thousand (£'000s)

unless otherwise stated.


Critical accounting estimates

The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies.


The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 3.


Principles of consolidation

The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of Roadside Real Estate plc ('company' or 'parent entity') as at 30 September 2023 and the results of all subsidiaries for the period then ended. Roadside Real Estate plc and its subsidiaries together are referred to in these financial statements as the 'Group'.


Subsidiaries are all those entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases.


Intercompany transactions, balances and recognized gains on transactions between entities in the Group are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.


The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest, without the loss of control, is accounted for as an equity transaction, where the difference between the consideration transferred and the book value of the share of the non-controlling

interest acquired is recognized directly in equity attributable to the parent.


Non-controlling interest in the results and equity of subsidiaries are shown separately in the statement of profit or loss and other comprehensive income, statement of financial position and statement of changes in equity of the Group. Losses incurred by the Group are only attributed to the non-controlling interest to the extent to which they can be recovered from those parties.


Discontinued operations

The Group classifies discontinued operations within a disposal group held for sale if their carrying values will be recovered principally through a sale transaction rather than through their continuing use. Disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of a

disposal group, excluding finance costs and income tax expense. The criteria for classifying a disposal group as held for sale is regarding as having been met only when a sale is highly probable and the disposal group is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be reversed. Management must be committed to the plan to sell the asset and the sale is expected to be completed within one year from the date of classification.


A disposal group qualifies as discontinued operations of it is a component of an entity that either has been disposed of, or is classified as held for sale and:


• Represents a separate major line of business

• Is part of a single co-ordinated plan to dispose of a separate major line of business.


Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss and comprehensive income. All other notes to the financial statements include amounts for continuing operations unless otherwise stated.


Following decisions of the Board, the Group issued a Trading and Strategy update announcing that the Board had resolved to sell the Barkby Pubs, Cambridge Sleep Sciences and Centurian Automotive businesses. The Group has therefore committed to a plan to sell Barkby Pubs and Cambridge Sleep Sciences, which are available for immediate sale and programmes to locate buyers for each business have been initiated. The directors expect to sell the businesses within the next financial year ended 30 September 2024.


Centurian Automotive wound down its operations during the year, with some final vehicle stock held at 30 September 2023, which was all sold by the date of signing the accounts. The Group will therefore retain the subsidiary entity and on this basis the assets and liabilities of Centurian Automotive Ltd have been retained within the continuing operations lines of the Statement of Financial Position. The trading result for the period was presented within discontinued operations.


In addition, the comparative information in the statement of profit or loss and total comprehensive income has been re-presented to show these businesses as discontinued for the year ended 2 July 2022.



3. Post Balance Sheet Events


Tarncourt Facility

Following the issue of the loan note described below, £8.6m of the Tarncourt facility was rolled into the loan note issue. The remaining facility was repaid and a new facility was put in place providing funds of up to £7.5m until expiry on 30 April 2026.


Loan Note

The Group issued a loan note on 27 March 2024 for the value of £10m. The loan note carries a rolled up interest rate of 14% and is repayable on 31 March 2026. £8.6m of the existing Tarncourt facility, including accrued interest, was rolled into the loan note.


Other Loans

Post year end related parties controlled by Charles Dickson have provided additional funding.


Sale of stake in Cambridge Sleep Sciences

Roadside previously agreed to sell 952 ordinary shares in CSS on 20 March 2024, representing 10% of CSS's issued share capital. The Group has now agreed to sell 1,000 shares at £7,500.00 per share, reducing Roadside's ownership from 75% to 61.4% and increasing the total cash consideration to £7.5m.  The Group can confirm that the £7.5m consideration has been received and is on account. The transaction will complete on 3 May 2024.


Joint venture with Meadow Partners LLP

Roadside formed a joint venture with Meadow Partners LLP in October 2023. The purpose of the JV is to acquire and develop a portfolio of UK-based roadside real estate assets and enable Roadside to implement a fully funded strategy to institutionalise a new asset class within the real estate sector. Roadside will initially fund and own 3% of the joint venture investments. Further information on the joint venture is provided in the Strategic Report.


Change of Name

The parent company and Group changed its name from Barkby Group Plc to Roadside Real Estate Plc in January 2024. The board considers that no other material post balance sheet events occurred between the end of the period and the date of publication of this report.

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