MITSUBISHI ESTATE LONDON LIMITED
Get an alert when MITSUBISHI ESTATE LONDON LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£5.8m
+93.3% highest in 3 filed years
Profit before tax
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 | £34,729,000 | £25,227,000 | £21,481,000 | -14.8% | |
| Operating profit | -£234,330,000 | -£26,209,000 | £50,480,000 | +292.6% | |
| Profit before tax | -£280,866,000 | -£86,501,000 | -£5,780,000 | +93.3% | |
| Net profit | -£283,474,000 | -£84,483,000 | £871,000 | +101% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | — | — | — | |
| Equity | — | — | — | — | |
| Average employees | — | — | — | — | |
| 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | -103.9% | — | |
| Net margin | — | — | 4.1% | |
| Interest cover | -5.00x | -0.43x | 0.89x |
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 2 times since incorporation
- MITSUBISHI ESTATE LONDON LIMITED 2014-04-02 → present
- PATERNOSTER ASSOCIATES LIMITED 2010-12-20 → 2014-04-02
- PATERNOSTER ASSOCIATES 1989-10-24 → 2010-12-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Directors believe financial statements on going concern basis are appropriate due to continued financial support of ultimate parent, MEC. Company's ability to meet future liabilities depends on Group financial performance, position, liquidity. Directors also evaluated potential events beyond period that may cast significant doubt, specifically refinancing or extending existing facilities.”
Group structure
- MITSUBISHI ESTATE LONDON LIMITED · parent
- MEC London Property 2 Unit Trust 99.9%
- MEC London Property 2 Limited Partnership 99.9%
- MEC London Property 3 Unit Trust 99.9%
- MEC London Property 3 Limited Partnership 99.9%
- 46 Boetie Property Sarl 100%
- MEC European Investment 1 S.à.r.l. 100%
- Europa UK BTR Limited Partnership 100%
- Poniente Items S.L.U 100%
- Grace Stockholm Holding AB 100%
- Sable UK BTR Limited Partnership 99.99975%
- Europa R2C Limited Partnership 100%
- MEC London Property 4 (General Partner) Limited 100%
- MEC London Property 4-1 Limited 100%
- MEC London Property 4-2 Limited 100%
- MEC London Property 4 Limited Partnership 100%
- MEC UK Logistics 1 Limited 100%
- MEC UK Logistics 2 Limited 100%
- NEPC Holdco Limited 100%
- Orchard Tower Holdco Limited 100%
- Orchard Tower Limited 100%
- Orchard Tower North Limited 100%
- Orchard Tower South Limited 100%
- Apex Holdco Ltd 100%
- Apex Propco Ltd 100%
- Wickside Holdco Ltd 100%
- Wickside Propco Ltd 100%
- Alperton Holdco Ltd 100%
- Alperton Propco Limited 100%
- MEC London Property 4 (Nominee) Limited 100%
- Europa Granary Holdco Limited 100%
- Europa Granary Propco Limited 100%
- Dandara Living Granary Quay Unit Trust 100%
- Orchard Tower North Opco Limited 100%
Significant events
- “On 6 January 2026 Warwick Court (including Paternoster Lodge) was sold to the newly established joint venture; Apostle 2 (General Partner) Limited and Apostle (Nominee) Limited, for a consideration equal to 66.6% indirect interest in the property.”
- “A cash dividend of £340 thousand was paid to Mitsubishi Estate Europe.”
- “The Company contributed an additional £21,821 thousand investment to one of its UK subsidiaries, Sable UK BTR LP, which is currently involved in the construction of residential properties.”
- “On 22 April 2026 Grace Stockholm AB, a Swedish subsidiary indirectly held by the Company was sold to a third party. The company received £75,482 thousand (SEK975,000 thousand) as a return of capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARAGUCHI, Yoshitaka | Director | 2026-04-01 | Jan 1987 | Japanese |
| HIRANO, Mitsuyasu | Director | 2025-04-01 | Jan 1976 | Japanese |
| KAGITOMI, Shinichi | Director | 2022-04-01 | Nov 1970 | Japanese |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Norman Clifford | Secretary | — | 1995-10-19 |
| HIRANO, Mitsuyasu | Secretary | 2024-04-01 | 2025-03-19 |
| ISHII, Toru | Secretary | 2011-04-01 | 2016-05-01 |
| KAGITOMI, Shinichi | Secretary | 2006-03-31 | 2009-04-01 |
| KOIBUCHI, Yuko | Secretary | 2016-05-01 | 2019-03-29 |
| MASUKO, Takehiro | Secretary | 2019-03-29 | 2024-04-01 |
| SATO, Masayuki | Secretary | 2009-04-01 | 2010-04-01 |
| SUZUKI, Kentaro | Secretary | 2002-04-22 | 2004-03-26 |
| TAJIMA, Yutaka | Secretary | 1995-10-19 | 1998-07-06 |
| TANAKA, Yuji | Secretary | 1998-07-06 | 2002-04-22 |
| YAMAZAKI, Tomoyasu | Secretary | 2004-03-26 | 2006-03-31 |
| AIZAWA, Hiroyuki | Director | 2020-04-01 | 2025-03-31 |
| AMANO, Masami | Director | 2010-10-01 | 2011-04-01 |
| ARAHATA, Kazuhiko | Director | 2010-10-29 | 2014-04-01 |
| ARIMURA, Hiroyuki | Director | 2011-04-01 | 2014-04-01 |
| FUJII, Hiroaki | Director | 2010-10-01 | 2013-05-01 |
| KAGITOMI, Shinichi | Director | 2014-04-01 | 2019-03-29 |
| KATO, Jo | Director | 2014-04-01 | 2018-04-01 |
| KAWASAKI, Masato | Director | 2014-04-01 | 2016-04-01 |
| KOIBUCHI, Yuko | Director | 2019-03-29 | 2020-03-31 |
| NAKAJIMA, Atsushi | Director | 2016-04-01 | 2018-04-01 |
| SASA, Yuichi | Director | 2025-04-01 | 2026-03-31 |
| SHIODA, Yuichiro | Director | 2016-04-01 | 2022-03-31 |
| UMEDA, Naoki | Director | 2013-05-01 | 2016-04-01 |
| YANIGISAWA, Yutaka | Director | 2010-10-01 | 2014-04-01 |
| MEC UK LIMITED | Corporate Director | 1995-10-19 | 2010-10-01 |
| PRECIS (938) LIMITED | Corporate Director | — | 1995-10-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitsubishi Estate Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-27 | Active |
Filing timeline
Last 20 of 250 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-30 | SH01 | capital | Capital allotment shares | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-21 | CH01 | officers | Change person director company with change date | |
| 2024-10-21 | CH01 | officers | Change person director company with change date | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
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.