CHESTNUT HOMES LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -25.7%

  £39,360,886 → £29,233,433

• Cash

  +771.1%

  £7,013 → £61,093

• Net assets

  +3.5%

  £23,026,320 → £23,837,264

• Employees

  -5.5%

  73 → 69

• Operating profit

  -56.6%

  £4,023,532 → £1,747,645

• Profit before tax

  -66.2%

  £3,614,036 → £1,221,864

• Wages

  -1.8%

  £2,186,584 → £2,148,072

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RNS Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “housing market demand has suffered as a result of the increased interest rates, withdrawal of mortgage products and a reduction in consumer confidence.”
• “the First Homes Scheme was withdrawn which had previously buoyed the new home market.”
• “the company increased the focus on social housing sales where demand remained higher. The margins in this sector are generally thinner and this has had an impact on the gross profit margin falling from 19% to 17%.”
• “construction activity levels had reduced slightly to reflect the reduction in market activity.”
• “Stock and work in progress levels remained high at £30.2m (2023 £29.3m). Careful management of cashflow means that net debt levels have remained consistent at £5.4m.”
• “Included within turnover is £nil (2023 - £4,608,953) in relation to grants received from the Government under the First Homes Scheme.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.