LAND SECURITIES GROUP PLC
Trading as Landsec, this London Stock Exchange-listed real estate investment trust develops, owns, and manages a diverse portfolio of commercial property, including offices, shopping centres, and retail parks across the United Kingdom.
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Cash
£106m
+171.8% highest in 3 filed years
Net assets
£6.5bn
+0.1% vs 2025
Employees
367
-6.9% lowest in 3 filed years
Profit before tax
£344m
-13.1% first positive since 2024
Watch the reel
Our short-form breakdown of LAND SECURITIES GROUP PLC's latest filing
FTSE 100 giant Landsec pulls in a billion pounds a year, but profit took a slight hit in the latest accounts. 🏢📊
Net assets
3-year trend · vs Financials 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 | £824,000,000 | £842,000,000 | £860,000,000 | +2.1% | |
| Operating profit | -£277,000,000 | £58,000,000 | £34,000,000 | -41.4% | |
| Profit before tax | -£341,000,000 | £396,000,000 | £344,000,000 | -13.1% | |
| Net profit | — | £393,000,000 | £342,000,000 | -13% | |
| Cash | £78,000,000 | £39,000,000 | £106,000,000 | +171.8% | |
| Total assets less current liabilities | £9,513,000,000 | £10,413,000,000 | £10,372,000,000 | -0.4% | |
| Net assets | £6,447,000,000 | £6,532,000,000 | £6,538,000,000 | +0.1% | |
| Equity | £6,447,000,000 | £6,532,000,000 | £6,538,000,000 | +0.1% | |
| Average employees | 598 | 394 | 367 | -6.9% | |
| Wages | £65,000,000 | £90,000,000 | £91,000,000 | +1.1% | |
| Directors' remuneration | £4,821,000 | £5,563,000 | £5,759,000 | +3.5% | |
| Directors' pension contributions | £71,000 | £151,000 | £151,000 | 0% | |
| Highest paid director | £2,302,000 | £3,012,000 | £2,683,000 | -10.9% |
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 | -33.6% | 6.9% | 4.0% | |
| Net margin | — | 46.7% | 39.8% | |
| Return on capital employed | -2.9% | 0.6% | 0.3% | |
| Gearing (liabilities / total assets) | 40.7% | 43.8% | 43.3% | |
| Current ratio | 0.56x | 0.60x | 0.57x | |
| Interest cover | -2.20x | 0.53x | 0.27x |
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.
Name history
Renamed 1 time since incorporation
- LAND SECURITIES GROUP PLC 2002-06-25 → present
- HACKPLIMCO (NO.104) PUBLIC LIMITED COMPANY 2002-02-07 → 2002-06-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors believe the Group will continue in operation and meet its liabilities as they fall due over the period to March 2031.”
Group structure
- LAND SECURITIES GROUP PLC · parent
- Bluewater Retail Holdings Limited 75%
- Southside Limited Partnership 50%
- Westgate Oxford Alliance Limited Partnership 50%
- Nova Victoria Limited Partnership 50%
Significant events
- “On 14 April 2026, the Group restructured its £300m syndicated term loan facility on substantially the same terms and extended the final maturity to November 2028.”
- “On 1 May 2026, the Group cancelled its £100m revolving bilateral debt facility that was due to mature in November 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCAVENY, Leigh | Secretary | 2022-05-25 | — | — |
| THOMAS, Marina Louise | Secretary | 2022-10-31 | — | — |
| ALLAN, Mark Christopher | Director | 2020-04-14 | Apr 1972 | British |
| BOWLING, James Nicholas | Director | 2023-09-07 | Nov 1968 | British |
| CAMPBELL, Michael Leroi | Director | 2025-05-01 | Nov 1966 | American |
| CASEY, Louise, Baroness | Director | 2025-01-01 | Mar 1965 | British |
| CHESHIRE, Ian Michael, Sir | Director | 2023-03-23 | Aug 1959 | British |
| EVAIN, Christophe Armel Jean-Paul | Director | 2019-04-01 | Jun 1962 | French |
| MANNINGS, Sheikh Mansurah Talat | Director | 2023-12-11 | Apr 1963 | British |
| RICHARDS, Anne Helen | Director | 2025-09-01 | Aug 1964 | British |
| ROBERTS, Miles William | Director | 2022-09-19 | Feb 1964 | British |
| SIMMS, Vanessa Kate | Director | 2021-05-04 | Aug 1975 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNAOUTI, Michael | Secretary | 2015-04-20 | 2015-09-07 |
| ASHBY, Timothy John | Secretary | 2015-09-07 | 2020-12-31 |
| DE SOUZA, Adrian Michael | Secretary | 2010-11-01 | 2015-04-20 |
| DUDGEON, Peter Maxwell | Secretary | 2002-07-05 | 2010-11-01 |
| MILES, Elizabeth | Secretary | 2020-12-31 | 2022-05-25 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-02-07 | 2002-07-05 |
| AKERS, Richard John | Director | 2005-05-17 | 2014-03-31 |
| BARTRAM, Christopher John | Director | 2009-08-01 | 2020-03-31 |
| BIRCH, Peter Gibbs | Director | 2002-07-05 | 2007-01-01 |
| BISCHOFF, Winfried Franz Wilhelm, Sir | Director | 2002-07-05 | 2008-04-01 |
| BLAND, Christopher, Sir | Director | 2008-04-01 | 2011-07-21 |
| BONHAM CARTER, Edward Henry | Director | 2014-01-01 | 2024-07-11 |
| CADBURY, Nicholas Theodore | Director | 2017-01-01 | 2023-12-31 |
| CARNWATH, Alison Jane, Dame | Director | 2004-09-01 | 2018-07-12 |
| COLLINS, Aubrey Mark | Director | 2002-11-20 | 2006-10-19 |
| COSGRAVE, Madeleine Elizabeth | Director | 2019-01-01 | 2025-07-10 |
| ELLIS, Ian David | Director | 2002-11-20 | 2009-01-12 |
| FREEMAN, Peter Geoffrey | Director | 2002-07-05 | 2004-07-14 |
| GREENSLADE, Martin Frederick | Director | 2005-09-06 | 2021-05-31 |
| HAYTHORNTHWAITE, Richard Neil | Director | 2008-04-01 | 2009-02-05 |
| HENDERSON, Giles Ian | Director | 2002-07-05 | 2002-11-20 |
| HENDERSON, Ian James | Director | 2002-07-05 | 2004-07-14 |
| HOGG, Cressida Mary | Director | 2014-01-01 | 2023-05-16 |
| HUSSEY, Michael Richard | Director | 2004-09-30 | 2009-06-30 |
| LERENIUS, Bo Ake | Director | 2004-06-01 | 2011-07-21 |
| MACFARLANE, Andrew Elliott | Director | 2002-07-05 | 2005-08-05 |
| MYNERS, Paul | Director | 2006-09-01 | 2008-10-03 |
| NOEL, Robert Montague | Director | 2010-01-01 | 2020-03-31 |
| O'BYRNE, Kevin | Director | 2008-04-01 | 2017-09-27 |
| O'SHEA, Colette | Director | 2018-01-01 | 2022-09-30 |
| PALLEY, Simon Dan | Director | 2010-08-01 | 2019-03-31 |
| PARSONS, Scott Cameron | Director | 2018-01-01 | 2019-02-26 |
| RAUCH, Stacey | Director | 2012-01-01 | 2021-06-24 |
| ROSE, Stuart Alan Ransom | Director | 2003-05-21 | 2014-01-01 |
| ROUGH, David | Director | 2002-07-05 | 2014-07-18 |
| SALWAY, Francis William | Director | 2002-07-05 | 2012-03-31 |
| TAMHANE, Manjiry | Director | 2021-03-01 | 2026-03-31 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 2002-02-07 | 2002-07-05 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Director | 2002-02-07 | 2002-07-05 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 1037 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-11 | SH01 | capital | Capital allotment shares | |
| 2026-08-07 | AA | accounts | Accounts with accounts type group | |
| 2026-08-06 | SH01 | capital | Capital allotment shares | |
| 2026-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-20 | SH01 | capital | Capital allotment shares | |
| 2026-07-14 | SH01 | capital | Capital allotment shares | |
| 2026-06-17 | SH01 | capital | Capital allotment shares | |
| 2026-05-18 | SH01 | capital | Capital allotment shares | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-24 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-03-16 | SH01 | capital | Capital allotment shares | |
| 2026-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2026-02-09 | SH01 | capital | Capital allotment shares | |
| 2026-02-02 | SH01 | capital | Capital allotment shares | |
| 2026-01-27 | SH01 | capital | Capital allotment shares | |
| 2026-01-22 | SH01 | capital | Capital allotment shares | |
| 2025-12-18 | SH01 | capital | Capital allotment shares | |
| 2025-12-08 | SH01 | capital | Capital allotment shares | |
| 2025-12-04 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 15
- 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.