METROPOLITAN PROPERTIES COMPANY LIMITED
Operating as a subsidiary of Linnet Ltd within the Freshwater Group, the business is a long-established property investment holding company focused on acquiring, managing, and selling real estate assets.
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Cash
£13m
+19.4% vs 2024
Net assets
£485m
+2.4% vs 2024
Employees
33
0% vs 2024
Profit before tax
£16m
+158.9% highest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £33,600,000 | £31,764,000 | £34,262,000 | +7.9% | |
| Operating profit | -£73,960,000 | -£22,847,000 | £16,011,000 | +170.1% | |
| Profit before tax | -£74,794,000 | -£26,564,000 | £15,654,000 | +158.9% | |
| Net profit | -£66,287,000 | -£22,025,000 | £12,257,000 | +155.7% | |
| Cash | £21,900,000 | £10,647,000 | £12,714,000 | +19.4% | |
| Total assets less current liabilities | £680,857,000 | £679,682,000 | £692,050,000 | +1.8% | |
| Net assets | £495,293,000 | £473,583,000 | £484,757,000 | +2.4% | |
| Equity | £491,327,000 | £473,583,000 | £484,757,000 | +2.4% | |
| Average employees | 33 | 33 | 33 | 0% | |
| Wages | £1,563,000 | £1,673,000 | £1,696,000 | +1.4% | |
| Directors' remuneration | £520,000 | £520,000 | £520,000 | 0% | |
| Highest paid director | £520,000 | £520,000 | £520,000 | 0% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | -71.9% | 46.7% | |
| Net margin | -197.3% | -69.3% | 35.8% | |
| Return on capital employed | -10.9% | -3.4% | 2.3% | |
| Gearing (liabilities / total assets) | 33.7% | 33.0% | 33.3% | |
| Current ratio | 3.13x | 5.77x | 4.23x | |
| Interest cover | -10.06x | -2.02x | 1.67x |
Margins divide P&L lines by turnover. 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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cohen Arnold
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that even in the plausible worst-case scenario, for a period of at least one year from the date of signing this annual report and accounts that the group will have sufficient resources to be able to continue to operate and meet its liabilities as they fall due.”
Group structure
- METROPOLITAN PROPERTIES COMPANY LIMITED · parent
- Metropolitan (Finwell Freehold) Limited 100%
- Pointgrain Limited 80%
- Delopolitan Corporation Inc. 80%
- Metrobastion Associates 80%
Significant events
- “We are currently in the early stages of a 300,000 square feet office development in the City of London, near Liverpool Street.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALE, Martin David Eldridge | Secretary | 2020-09-30 | — | — |
| SOUTHGATE, James Stephen | Secretary | 2020-09-30 | — | — |
| FRESHWATER, Alexander Mordecai | Director | 2026-02-24 | Jun 1971 | American |
| FRESHWATER, Benzion Schalom Eliezer | Director | — | Apr 1948 | British |
| FRESHWATER, Joshua | Director | 2026-02-24 | Jul 1977 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JENNER, Mark Roy Mason | Secretary | 2001-08-20 | 2020-09-30 |
| MORSE, Christopher Charles | Secretary | — | 2001-08-20 |
| DAVIS, David | Director | — | 2025-05-01 |
| HYMAN, Leslie Michael | Director | 1994-12-22 | 1995-01-24 |
| MORSE, Christopher Charles | Director | 1994-12-22 | 1995-01-24 |
| SEVERN, Halford Ernest | Director | — | 2001-05-09 |
| WEAVER, Dennis George | Director | — | 1992-10-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Freshwater Family Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 218 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-18 | AA | accounts | Accounts with accounts type group | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-16 | AA | accounts | Accounts with accounts type group | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-07 | AA | accounts | Accounts with accounts type group | |
| 2022-09-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- 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.