VESTBROWN (NEWCO) LIMITED
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Cash
£8.7m
+2.9% vs 2024
Net assets
£26m
+0.8% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£369k
-66.4% lowest in 3 filed years
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 | £22,349,052 | £19,055,591 | £15,194,529 | -20.3% | |
| Operating profit | £2,001,836 | £942,069 | £249,496 | -73.5% | |
| Profit before tax | £1,995,120 | £1,100,458 | £369,333 | -66.4% | |
| Net profit | £1,527,595 | £736,133 | £239,076 | -67.5% | |
| Cash | £11,138,301 | £8,466,107 | £8,709,645 | +2.9% | |
| Total assets less current liabilities | £26,568,460 | £26,415,881 | £26,603,114 | +0.7% | |
| Net assets | £26,201,773 | £26,054,076 | £26,263,212 | +0.8% | |
| Equity | £26,201,773 | £26,054,076 | £26,263,212 | +0.8% | |
| Average employees | 82 | 79 | — | — | |
| Wages | £3,306,387 | £2,920,820 | £2 | -100% | |
| Directors' remuneration | — | — | £331,308 | — | |
| Directors' pension contributions | — | — | £210,964 | — |
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 | 9.0% | 4.9% | 1.6% | |
| Net margin | 6.8% | 3.9% | 1.6% | |
| Return on capital employed | 7.5% | 3.6% | 0.9% | |
| Gearing (liabilities / total assets) | 20.2% | 17.4% | 23.3% | |
| Current ratio | 4.99x | 5.88x | 4.26x | |
| Interest cover | 6.41x | 6.72x | 1.86x |
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
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the factors set out above the directors believe that the group has adequate financial resources to continue in operational existence for at least twelve months from the date of signing the financial statements and therefore it remains appropriate to prepare the financial statements”
Group structure
- VESTBROWN (NEWCO) LIMITED · parent
- VB Turnbull Limited 78.84%
- Vestbrown Limited 100%
- Hedley Hill Developments Limited 100%
- Dere Street Homes Limited 100%
Significant events
- “On 31 July 2025 the company changed its registered office address to is New House, Bowburn North Industrial Estate, Bowburn, Durham, DH6 5PF.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOGAN, Michael Christopher, Mr | Director | 2024-10-02 | Aug 1973 | British |
| HOGAN, Michael Francis | Director | 2011-10-25 | Oct 1944 | British |
| MCQUAID, Marie Elizabeth | Director | 2019-11-13 | Mar 1976 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOGAN, Mary Rita | Director | 2011-10-25 | 2017-11-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Marie Elizabeth Mcquaid | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2018-08-01 | Active |
| Mr Michael Christopher Hogan | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2018-08-01 | Active |
| Mr Philip Sydney Coates | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2018-08-01 | Active |
| Mrs Mary Rita Hogan | Individual | Shares 25–50% | 2016-10-25 | Ceased 2017-11-20 |
| Mr Michael Francis Hogan | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-10-25 | Active |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-07-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-15 | AA | accounts | Accounts with accounts type group | |
| 2025-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-08 | AA | accounts | Accounts with accounts type group | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-15 | CH01 | officers | Change person director company with change date | |
| 2023-11-14 | CH01 | officers | Change person director company with change date | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2022-12-22 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.