SHEET ANCHOR PROPERTIES LIMITED
Sheet Anchor Properties Limited is a real estate investment and holding company controlled by the MacDonald-Hall family, focused on the buying, selling, and letting of commercial properties through its various subsidiaries.
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Cash
£101m
+268.8% highest in 3 filed years
Net assets
£504m
+8.5% highest in 3 filed years
Employees
65
+18.2% highest in 3 filed years
Profit before tax
£59m
-56.4% vs 2024
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 | £128,853,000 | £132,385,000 | £163,297,000 | +23.4% | |
| Operating profit | £75,477,000 | £178,358,000 | £115,746,000 | -35.1% | |
| Profit before tax | £34,901,000 | £134,689,000 | £58,769,000 | -56.4% | |
| Net profit | £28,036,000 | £106,584,000 | £32,091,000 | -69.9% | |
| Cash | £20,047,000 | £27,333,000 | £100,802,000 | +268.8% | |
| Total assets less current liabilities | £1,175,232,000 | £1,378,853,000 | £1,132,679,000 | -17.9% | |
| Net assets | £366,685,000 | £464,793,000 | £504,236,000 | +8.5% | |
| Equity | £366,685,000 | £464,793,000 | £504,236,000 | +8.5% | |
| Average employees | 41 | 55 | 65 | +18.2% | |
| Wages | £676,000 | £832,000 | £2,060,000 | +147.6% | |
| Directors' remuneration | £654,000 | £747,000 | £1,507,000 | +101.7% | |
| Directors' pension contributions | £1,000 | £747,000 | — | — | |
| Highest paid director | £253,000 | £304,000 | £446,000 | +46.7% |
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 | 58.6% | 134.7% | 70.9% | |
| Net margin | 21.8% | 80.5% | 19.7% | |
| Return on capital employed | 6.4% | 12.9% | 10.2% | |
| Gearing (liabilities / total assets) | 70.8% | 69.1% | 71.8% | |
| Current ratio | 1.64x | 1.47x | 0.44x | |
| Interest cover | 2.10x | 3.68x | 2.10x |
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. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SHEET ANCHOR PROPERTIES LIMITED · parent
- Grainrent Limited 100%
- Sheet Anchor Evolve Limited 100%
- Sheet Anchor Investments Limited 65%
- Sheet Anchor Investments 2 Limited 65%
Significant events
- “In September 2025, the Group entered into agreements to dispose of a substantial portion of its investment property portfolio, effectively all the industrial assets, in France. The transactions relate to approximately 71% of the Group's properties in France by value and completed May 2026.”
- “Subsequent to the year end, Sheet Anchor Properties Limited received a loan of €96.7m from Ringmerit Limited.”
- “Additionally, a loan was made to Sheet Anchor Property Investments Limited of €75.7m with interest charged at EURIBOR plus 2.40% p.a. which is repayable in full on the 15th September 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KENDALL, Kevin David | Secretary | 2017-06-15 | — | — |
| CHISLETT, Benjamin William | Director | 2023-09-07 | Dec 1981 | British |
| FIFE, James Andrew | Director | 2020-02-20 | Aug 1966 | British |
| KENDALL, Kevin David | Director | 2018-01-01 | Mar 1975 | British |
| MACDONALD-HALL, Caspar | Director | — | Dec 1950 | British |
| MACDONALD-HALL, Sebastian Sam | Director | 2013-10-11 | Apr 1982 | British |
| MCNALLY, Jamie Michael | Director | 2025-02-03 | Apr 1992 | British |
| PERCY, Max Ralph, Lord | Director | 2023-05-15 | May 1990 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRINDLEY, Adrian Charles Grosvenor | Secretary | 2014-11-12 | 2015-12-31 |
| DE MENDONCA, Rudolph Assiz Joaquim | Secretary | 1992-01-02 | 1994-02-16 |
| DEVLIN, Julia Mary | Secretary | 1994-03-22 | 1999-07-26 |
| FOUNTAINE, Joanne Irene | Secretary | 1999-08-12 | 2000-07-31 |
| MACDONALD-HALL, Caspar | Secretary | 2000-07-31 | 2014-11-12 |
| MEENAN, William Michael Gerard | Secretary | — | 1992-01-02 |
| SOMERSET - LEEKE, Michael Fitzroy | Secretary | 1994-02-16 | 1994-03-22 |
| TRANTER, Christopher Winsley | Secretary | 2015-12-31 | 2017-06-15 |
| BURGESS, Nicholas John | Director | 2000-01-28 | 2023-08-24 |
| DIAMOND, Julian Adam | Director | 2020-05-11 | 2022-04-30 |
| FONTAINE, Joanne | Director | 2000-07-31 | 2003-02-28 |
| MASSEY, Stephen John | Director | 2006-04-25 | 2016-01-31 |
| MILEHAM, Edward Hal | Director | 2019-04-04 | 2020-07-24 |
| SOMERSET-LEEKE, Michael Fitzroy | Director | — | 1994-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Daniel Arthur O'Keefe | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-01-08 | Active |
| Mr John Colin Davis | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-01-08 | Active |
| Mr Caspar Macdonald-Hall | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 218 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-21 RESOLUTIONS Resolution
- 2026-08-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | RESOLUTIONS | resolution | Resolution | |
| 2026-08-21 | MA | incorporation | Memorandum articles | |
| 2026-08-09 | AA | accounts | Accounts with accounts type group | |
| 2026-07-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-06 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-06 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-06 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- 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.