CONSOLIDATED DEVELOPMENTS 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

  -2.6%

  £36,469,498 → £35,537,368

• Cash

  +62.3%

  £1,760,938 → £2,857,155

• Net assets

  -105.4%

  £194,730,343 → -£10,542,969

  lowest in 5 filed years

• Employees

  0%

  2 → 2

• Operating profit

  -147.3%

  £19,374,140 → -£9,156,375

• Profit before tax

  -127%

  -£103,046,890 → -£233,922,776

• Wages

  +537.7%

  £54,906 → £350,129

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. 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.

1. CONSOLIDATED DEVELOPMENTS LIMITED 1997-01-21 → present
2. APPOLD PROPERTIES LIMITED 1994-05-11 → 1997-01-21
3. HOUSEPINE LIMITED 1994-03-02 → 1994-05-11

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Bright Grahame Murray

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director, along with senior management, has assessed the Company's ability to continue as a going concern. This assessment has considered the Company's current financial position, recent developments, and forecasts for the twelve-month period from the date of approval of these financial statements. Based on this assessment, the Director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

• “On 4 April 2025, a settlement agreement between the prior director and ultimate beneficial owner, Mr L Kirschel and its senior lender was signed. This agreement marked a significant milestone in the Company's post-year-end restructuring and resolved a number of outstanding matters.”
• “As part of the restructuring, the majority equity ownership and full control of the Company has been transferred to AB Carval.”
• “On 12 June 2025, a letter was provided by the senior lender confirming that in its role as majority shareholder there is no current intention for repayment of amounts outstanding under the Facility Agreement to be sought, or for support to be withdrawn from the Company for a period of 12 months from the date of approval of these financial statements.”
• “As evidence of this support, working capital facilities are to be provided to the Company, and the maturity of the Facility Agreement has been extended by two years to 1 December 2027.”
• “During the year, there was a breach of the loan-to-property portfolio value ratio and the debt yield covenants. The impact of this breach and the senior lender's response are detailed in note 25 - Events after the reporting date.”

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

Filings

6

last 12 months

Capital events

4

last 24 months

Officers appointed

0

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.