NEW LUDGATE (NO.1) LIMITED
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Cash
—
Latest balance sheet
Net assets
£126M
+0.5% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£2.2M
-76.8% first positive since 2023
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £9,224,873 | £13,757,749 | £12,936,183 | -6% | |
| Operating profit | -£8,617,624 | £11,212,201 | £3,837,219 | -65.8% | |
| Profit before tax | -£10,235,094 | £9,600,037 | £2,225,046 | -76.8% | |
| Net profit | -£11,962,557 | £7,560,037 | £637,523 | -91.6% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £117,409,385 | £124,969,422 | £125,606,945 | +0.5% | |
| Equity | £117,409,385 | £124,969,422 | £125,606,945 | +0.5% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| 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. 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -93.4% | 81.5% | 29.7% | |
| Net margin | -129.7% | 55.0% | 4.9% | |
| Gearing (liabilities / total assets) | 45.0% | 43.5% | 43.0% | |
| Current ratio | 0.06x | 0.13x | 0.18x | |
| Interest cover | -5.22x | 6.83x | 2.35x |
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
- NEW LUDGATE (NO.1) LIMITED 2020-12-30 → present
- LS LUDGATE (NO.1) LIMITED 2011-06-13 → 2020-12-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors are of the view that it remains appropriate to prepare the financial statements on a going concern basis and that there is no material uncertainty in relation to the going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEN II SERVICES (UK) LIMITED | Corporate Secretary | 2020-12-22 | — | — |
| BAI, Xue Cheryl | Director | 2022-11-09 | Nov 1981 | Chinese |
| CREGEEN, Martin Ryan | Director | 2020-12-22 | Apr 1972 | British |
| OBASI, Bruno Chibuzo | Director | 2023-09-08 | May 1973 | British |
| TOWNSON, Neil David | Director | 2022-08-26 | Aug 1960 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LS COMPANY SECRETARIES LIMITED | Corporate Secretary | 2011-06-13 | 2020-12-22 |
| ARNAOUTI, Michael | Director | 2016-07-01 | 2017-03-31 |
| DREWETT, Simon Derwood Auston | Director | 2022-11-09 | 2023-09-22 |
| DREWETT, Simon Derwood Auston | Director | 2020-12-22 | 2022-11-09 |
| GILL, Christopher Marshall | Director | 2011-06-13 | 2016-07-14 |
| MILES, Elizabeth | Director | 2018-01-01 | 2020-12-17 |
| MILLER, Louise | Director | 2017-03-01 | 2018-01-01 |
| ROTSEY, Carol Ann | Director | 2021-11-17 | 2023-09-08 |
| WINDSOR, Paul Justin | Director | 2020-12-22 | 2021-12-31 |
| LAND SECURITIES MANAGEMENT SERVICES LIMITED | Corporate Director | 2011-11-28 | 2020-12-17 |
| LS DIRECTOR LIMITED | Corporate Director | 2011-11-28 | 2020-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Hsien-Chuan Yang | Individual | Shares 25–50%, Voting 25–50% | 2020-12-22 | Ceased 2020-12-23 |
| Mr Ricky Au | Individual | Shares 25–50%, Voting 25–50% | 2020-12-22 | Active |
| The City Of London Real Property Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-12-22 |
Filing timeline
Last 20 of 91 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-30 | AA | accounts | Accounts with accounts type full | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-31 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- 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.