LUDGATE NORTHUMBERLAND HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-03 (in 9mo)
Last made up 2026-01-20
Watchouts
None on the register
Cash
£51M
-3.7% vs 2023
Net assets
£30M
-22.3% vs 2023
Employees
133
+10.8% highest in 4 filed years
Profit before tax
£9M
+4% vs 2023
Net assets
7-year trend · vs Real Estate median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £32,032,778 | £32,388,978 | |
| Operating profit | — | — | — | — | — | £10,821,663 | £10,095,618 | |
| Profit before tax | — | — | — | — | — | £8,739,754 | £9,090,443 | |
| Net profit | — | £3,592,512 | — | -£9,389 | — | £6,422,296 | £6,521,436 | |
| Cash | — | £5,396 | — | £5,366 | — | £53,018,307 | £51,053,035 | |
| Total assets less current liabilities | — | £25,724,105 | — | £25,714,716 | — | £95,087,980 | £41,840,885 | |
| Net assets | — | £25,724,105 | — | £25,714,716 | — | £39,075,730 | £30,347,166 | |
| Equity | £53,631,593 | £25,724,105 | £25,724,105 | £25,714,716 | £25,714,716 | £39,075,730 | £30,347,166 | |
| Average employees | — | 0 | — | 0 | — | 120 | 133 | |
| Wages | — | — | — | — | — | £3,993,958 | £4,362,486 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.1%
£32,032,778 £32,388,978
-
Cash
-3.7%
£53,018,307 £51,053,035
-
Net assets
-22.3%
£39,075,730 £30,347,166
-
Employees
+10.8%
120 133
highest in 4 filed years
-
Operating profit
-6.7%
£10,821,663 £10,095,618
-
Profit before tax
+4%
£8,739,754 £9,090,443
-
Wages
+9.2%
£3,993,958 £4,362,486
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 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 33.8% | 31.2% | |
| Net margin | — | — | — | — | — | 20.0% | 20.1% | |
| Return on capital employed | — | — | — | — | — | 11.4% | 24.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 71.3% | 77.3% | |
| Current ratio | — | — | — | — | — | 2.08x | 0.92x | |
| Interest cover | — | — | — | — | — | 3.24x | 2.90x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Wellden Turnbull
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which means that the Group and the Company can be expected to meet its liabilities as they fall due for the foreseeable future, a period of not less than 12 months from the date of signing these financial statements. In assessing the appropriateness of the going concern basis of preparation the Directors have taken into account the key risks of the business as well as the Group's business model and the availability of cash resources.”
Group structure
- LUDGATE NORTHUMBERLAND HOLDINGS LIMITED · parent
- 42 Kingsway Residential Limited 100%
- Kingsway LIF Holdings Limited 100%
- Ludgate Associate Limited 100%
- Northumberland House Limited 100%
Significant events
- “On 12 June 2025, the Company approved a reduction of share premium of £14,167,177, transferring the amount to distributable reserves.”
- “Dividends of £9,000,000 were declared and paid to shareholders.”
- “On the 29 January 2025 the bank loan agreement was amended for the loans termination date to be extended to 6 December 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOROWITZ, Jon, Mr. | Secretary | 2021-02-23 | — | — |
| HOROWITZ, Jonathan D | Director | 2005-01-20 | Jul 1962 | American |
| KACHERSKI, Charles Stanley | Director | 2024-04-02 | Dec 1971 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLBOURNE, Christopher Richard Leslie | Secretary | 2005-01-20 | 2017-12-01 |
| ERTEL, Todd, Mr. | Secretary | 2019-07-15 | 2021-02-19 |
| KRONICK, Mark, Mr. | Secretary | 2018-03-27 | 2019-07-05 |
| COLBOURNE, Christopher Richard Leslie | Director | 2005-01-20 | 2017-12-01 |
| ERTEL, Todd, Mr. | Director | 2019-07-15 | 2021-02-19 |
| KRONICK, Mark, Mr. | Director | 2018-03-27 | 2019-07-05 |
| SCHUSTER, Mathew Thomas, Mr. | Director | 2021-04-29 | 2024-04-05 |
| STEVENS, Allen Lorne | Director | 2005-01-20 | 2021-01-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dorothy Joanne Bahna | Individual | Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 89 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-28 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-19 | SH20 | capital | Legacy | |
| 2025-06-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-06-19 | CAP-SS | insolvency | Legacy | |
| 2025-06-19 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-22 | CH01 | officers | Change person director company with change date | |
| 2024-11-25 | AA | accounts | Accounts with accounts type group | |
| 2024-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-06 | CH01 | officers | Change person director company with change date | |
| 2024-01-12 | AA | accounts | Accounts with accounts type group | |
| 2023-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-01 | AA | accounts | Accounts with accounts type group | |
| 2022-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.