VESTBROWN (NEWCO) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-08 (in 6mo)
Last made up 2025-10-25
Watchouts
None on the register
Cash
£8M
-24% vs 2023
Net assets
£26M
-0.6% vs 2023
Employees
79
-3.7% vs 2023
Profit before tax
£1M
-44.8% vs 2023
Net assets
9-year trend · vs Real Estate median
Accounts
9-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | £22,349,052 | £19,055,591 | |
| Operating profit | — | — | — | — | — | — | — | £2,001,836 | £942,069 | |
| Profit before tax | — | — | — | — | — | — | — | £1,995,120 | £1,100,458 | |
| Net profit | — | — | — | £610,000 | — | £165,939 | — | £1,527,595 | £736,133 | |
| Cash | — | — | — | £27,230 | — | £27,169 | — | £11,138,301 | £8,466,107 | |
| Total assets less current liabilities | — | — | — | — | — | £629,457 | — | £26,568,460 | £26,415,881 | |
| Net assets | — | — | — | £629,518 | — | £629,457 | — | £26,201,773 | £26,054,076 | |
| Equity | £619,195 | £621,184 | £619,518 | £629,518 | £629,518 | £629,457 | £629,457 | £26,201,773 | £26,054,076 | |
| Average employees | — | — | — | — | — | 0 | — | 82 | 79 | |
| Wages | — | — | — | — | — | — | — | £3,306,387 | £2,920,820 | |
| 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
-14.7%
£22,349,052 £19,055,591
-
Cash
-24%
£11,138,301 £8,466,107
-
Net assets
-0.6%
£26,201,773 £26,054,076
-
Employees
-3.7%
82 79
-
Operating profit
-52.9%
£2,001,836 £942,069
-
Profit before tax
-44.8%
£1,995,120 £1,100,458
-
Wages
-11.7%
£3,306,387 £2,920,820
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | 9.0% | 4.9% | |
| Net margin | — | — | — | — | — | — | — | 6.8% | 3.9% | |
| Return on capital employed | — | — | — | — | — | — | — | 7.5% | 3.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | 20.2% | 17.4% | |
| Current ratio | — | — | — | — | — | — | — | 4.99x | 5.88x | |
| Interest cover | — | — | — | — | — | — | — | 6.41x | 6.72x |
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 on a going concern basis.”
Group structure
- VESTBROWN (NEWCO) LIMITED · parent
- VB Turnbull Limited 78.84%
- Vestbrown Limited 100%
- Hedley Hill Developments Limited 100%
- Dere Street Homes Limited 100%
- Wynyard Building Limited 78.84%
- Wheatley Hill Limited 78.84%
- VBT HW (Aislaby) Limited 75%
- Palladian (Marton) Limited 75%
- Palladian (North East) Limited 75%
- Longhirst Development Limited 72.27%
- Timec 1334 Limited 72.28%
- VB (Philadelphia) Limited 78.84%
- Deerness Investments Limited 75.5%
- Deerness Fencing & Landscaping Limited 75.5%
- North East Building and Developments Limited 60.39%
- M62 Developments Limited 51%
Significant events
- “The residential planning process continues to prove challenging however we have secured permission on 80 plots giving Dere Street Homes continuity after Chilton. The bridleway at Langley Park site completed build early spring 2025. The Chilton site has continued sales at a steady rate throughout 2024.”
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 | 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 | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust | 2018-08-01 | Active |
| Mr Michael Christopher Hogan | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust | 2018-08-01 | Active |
| Mr Philip Sydney Coates | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-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 | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust | 2016-10-25 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-03 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.