DELANCEY REAL ESTATE ASSET MANAGEMENT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-12 (in 11mo)
Last made up 2026-03-29
Watchouts
Cash
£100K
-98.7% lowest in 3 filed years
Net assets
£6M
-21.3% lowest in 3 filed years
Employees
0
-100% lowest in 3 filed years
Profit before tax
-£25M
-1,483.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £32,111,000 | — | £31,969,000 | £4,209,000 | |
| Operating profit | — | -£1,709,000 | — | £1,815,000 | -£24,652,000 | |
| Profit before tax | — | £571,000 | — | £1,787,000 | -£24,720,000 | |
| Net profit | — | £1,035,000 | — | £429,000 | -£24,525,000 | |
| Cash | — | £8,206,000 | — | £7,937,000 | £100,000 | |
| Total assets less current liabilities | — | £6,721,000 | — | £7,898,000 | £6,482,000 | |
| Net assets | — | £6,721,000 | — | £7,150,000 | £5,625,000 | |
| Equity | £3,586,000 | £6,721,000 | £6,721,000 | £7,150,000 | £5,625,000 | |
| Average employees | — | 62 | — | 71 | 0 | |
| Wages | — | £18,053,000 | — | £13,840,000 | £152,000 | |
| Directors' remuneration | — | £4,375,000 | — | £2,801,000 | £0 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-86.8%
£31,969,000 £4,209,000
lowest in 3 filed years
-
Cash
-98.7%
£7,937,000 £100,000
lowest in 3 filed years
-
Net assets
-21.3%
£7,150,000 £5,625,000
lowest in 3 filed years
-
Employees
-100%
71 0
lowest in 3 filed years
-
Operating profit
-1,458.2%
£1,815,000 -£24,652,000
lowest in 3 filed years
-
Profit before tax
-1,483.3%
£1,787,000 -£24,720,000
lowest in 3 filed years
-
Wages
-98.9%
£13,840,000 £152,000
lowest in 3 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | -5.3% | — | 5.7% | — | |
| Net margin | — | 3.2% | — | 1.3% | — | |
| Return on capital employed | — | -25.4% | — | 23.0% | -380.3% | |
| Current ratio | — | — | — | 1.09x | 1.23x | |
| Interest cover | — | -14.99x | — | 11.63x | -337.70x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- DELANCEY REAL ESTATE ASSET MANAGEMENT LIMITED · parent
- Delancey Asset Management Limited 100%
- Delancey Investment Advisory Services Limited 100%
- Delancey Real Estate Asset Management Group Limited 100%
- Mount Kendal Limited 100%
- NW1 Partners (GP) Limited 45%
- Newincco 1404 Limited 100%
- NW1 Capital Management Limited 45%
- NW1 Partners UK LLP 45%
Significant events
- “The financial statements do not disclose the nature and amount of a settlement agreement entered into between the Company and HM Revenue & Customs during the year which is a required disclosure under FRS 102. The terms of the settlement are confidential and therefore the amount of the settlement has not been disclosed as this would be prejudicial to the Company and the terms under the agreement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWDEN, James Edward Blake | Director | 2025-05-28 | Mar 1978 | British |
| GOSWELL, Paul Jonathan | Director | 2002-08-22 | Jul 1964 | British |
| LANCASTER, Stafford Murray | Director | 2020-01-30 | Apr 1968 | British |
| RITBLAT, James William Jeremy | Director | 2002-08-22 | Feb 1967 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JONES, Gary Stanley | Secretary | 2004-08-24 | 2006-12-22 |
| MOSS, Andrew Graham | Secretary | 2002-09-09 | 2003-09-23 |
| DELANCEY LIMITED | Corporate Secretary | 2006-12-22 | 2025-07-23 |
| GOLDEN SECRETARIES LIMITED | Corporate Secretary | 2002-08-22 | 2002-09-09 |
| PORTMAN ADMINISTRATION 1 LIMITED | Corporate Secretary | 2003-09-23 | 2004-08-24 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2002-08-22 | 2002-08-22 |
| EMMETT, Graham Anthony Johnathan | Director | 2003-06-05 | 2003-07-28 |
| HADEN SCOTT, Timothy | Director | 2003-06-05 | 2020-06-30 |
| WAGMAN, Colin Barry | Director | 2003-06-05 | 2018-03-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2002-08-22 | 2002-08-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cortx Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-14 | Active |
| Mr James William Jeremy Ritblat | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-11-14 |
Filing timeline
Last 20 of 112 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | CH01 | officers | Change person director company with change date | |
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-03 | ANNOTATION | miscellaneous | Legacy | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-13 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | SH01 | capital | Capital allotment shares | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-06-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-06-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-25 | AUD | auditors | Auditors resignation company | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-28 | SH01 | capital | Capital allotment shares | |
| 2023-01-03 | AA | accounts | Accounts with accounts type full | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-14 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- 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.