TOWNGATE PLC
Get an alert when TOWNGATE PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.4m
-5% vs 2025
Net assets
£52m
+8.3% highest in 3 filed years
Employees
11
0% vs 2025
Profit before tax
£5.2m
-26.1% vs 2025
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £3,290,000 | £3,894,000 | £4,111,000 | +5.6% | |
| Operating profit | £4,013,000 | £7,800,000 | £5,950,000 | -23.7% | |
| Profit before tax | £3,437,000 | £7,080,000 | £5,232,000 | -26.1% | |
| Net profit | £2,614,000 | £5,353,000 | £3,988,000 | -25.5% | |
| Cash | £1,108,000 | £1,448,000 | £1,376,000 | -5% | |
| Total assets less current liabilities | £50,096,000 | £55,919,000 | £58,983,000 | +5.5% | |
| Net assets | £42,783,000 | £48,176,000 | £52,173,000 | +8.3% | |
| Equity | £42,783,000 | £48,176,000 | £52,173,000 | +8.3% | |
| Average employees | 11 | 11 | 11 | 0% | |
| Wages | £1,782,000 | £1,339,000 | £1,435,000 | +7.2% | |
| Directors' remuneration | £1,385,000 | £1,108,000 | £1,272,000 | +14.8% | |
| Directors' pension contributions | £82,000 | £57,000 | £93,000 | +63.2% | |
| Highest paid director | £610,000 | £390,800 | £439,350 | +12.4% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 122.0% | — | 144.7% | |
| Net margin | 79.5% | 137.5% | 97.0% | |
| Return on capital employed | 8.0% | 13.9% | 10.1% | |
| Gearing (liabilities / total assets) | 22.7% | 23.4% | 21.3% | |
| Current ratio | 2.45x | 2.00x | 1.67x | |
| Interest cover | 6.97x | 10.68x | 8.11x |
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.
Name history
Renamed 1 time since incorporation
- TOWNGATE PLC 1989-11-30 → present
- DAVID SMITH (POULTRY EQUIPMENT) LIMITED 1969-06-26 → 1989-11-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared cash flow forecasts which show the company is able to meet its cash requirements for at least the next 12 months.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORREST, Stephen Phillip | Secretary | 2000-04-03 | — | British |
| FORREST, Stephen Phillip | Director | 1998-07-31 | May 1966 | British |
| LAMB, Thomas David | Director | 2025-04-01 | Apr 1978 | British |
| SMITH, Alan David | Director | 1998-04-28 | Jan 1967 | British |
| SMITH, Robert Brigg | Director | 1998-12-22 | Jun 1969 | British |
| SMITH, Valerie Elaine | Director | — | Feb 1942 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILLS, Brian | Secretary | — | 2000-04-03 |
| ALLSOPP, Michael | Director | 1995-03-29 | 2000-04-14 |
| GALLAGHER, Arthur Robin | Director | — | 2013-06-10 |
| GUY, Stephen David | Director | 2008-05-01 | 2020-05-31 |
| NETTLETON, Stephen Alexis | Director | — | 2000-04-14 |
| SIMPSON, Keith Charles Faraday | Director | 1994-01-18 | 1995-03-31 |
| SMITH, David | Director | — | 2023-10-26 |
| WIGNALL, John Rufus | Director | 2000-06-29 | 2020-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Robert Brigg Smith | Individual | Significant influence (as trust) | 2023-11-01 | Active |
| Mr Alan David Smith | Individual | Significant influence (as trust) | 2023-11-01 | Active |
| Mr David Smith | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2023-10-26 |
Filing timeline
Last 20 of 309 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-05 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-01 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | AAMD | accounts | Accounts amended with accounts type full | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-04 | AA | accounts | Accounts with accounts type full | |
| 2021-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-16 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.