LONDONIST DMC LTD
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Next accounts due
2026-05-30 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-09-08 (in 4mo)
Last made up 2025-08-25
Watchouts
None on the register
Cash
£397K
+71.2% vs 2023
Net assets
-£8M
-29.8% lowest in 4 filed years
Employees
31
+24% highest in 4 filed years
Profit before tax
-£2M
-296.8% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-08-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £23,528,220 | £37,588,317 | |
| Operating profit | — | — | — | — | £1,056,195 | -£1,765,626 | |
| Profit before tax | — | — | — | — | £947,873 | -£1,865,544 | |
| Net profit | — | — | — | — | £996,507 | -£1,895,540 | |
| Cash | £621,093 | £120,780 | — | — | £231,949 | £397,015 | |
| Total assets less current liabilities | £272,828 | -£1,002,004 | — | — | -£6,354,460 | -£8,001,248 | |
| Net assets | £209,575 | -£1,304,012 | — | — | -£6,354,460 | -£8,250,000 | |
| Equity | £209,575 | -£1,304,012 | -£5,828,601 | -£7,350,967 | -£6,354,460 | -£8,250,000 | |
| Average employees | 20 | 20 | — | — | 25 | 31 | |
| Wages | — | — | — | — | £922,466 | £1,456,293 | |
| Directors' remuneration | — | — | — | — | £188,333 | £436,405 |
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 2024-08-31 vs 2023-08-31
-
Turnover
+59.8%
£23,528,220 £37,588,317
-
Cash
+71.2%
£231,949 £397,015
-
Net assets
-29.8%
-£6,354,460 -£8,250,000
lowest in 4 filed years
-
Employees
+24%
25 31
highest in 4 filed years
-
Operating profit
-267.2%
£1,056,195 -£1,765,626
-
Profit before tax
-296.8%
£947,873 -£1,865,544
-
Wages
+57.9%
£922,466 £1,456,293
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 | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 4.5% | -4.7% | |
| Net margin | — | — | — | — | 4.2% | -5.0% | |
| Return on capital employed | — | — | — | — | -16.6% | 22.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | 134.1% | 138.4% | |
| Current ratio | — | — | — | — | 0.72x | 0.71x | |
| Interest cover | — | — | — | — | 9.75x | -14.63x |
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
- Standalone (parent only)
- Auditor
- SRG (Audit) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the financial review and cash flow forecasts, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.”
Group structure
- LONDONIST DMC LTD · parent
- Uninist Limited 50%
Significant events
- “Turnover increased significantly to £37,588,317 (2023: £23,528,220), reflecting both portfolio expansion and a sustained demand for student accommodation in key London locations.”
- “Pre-tax loss of £1,865,544 (2023: profit £947,873), primarily due to increased strategic investments, higher operating costs linked to portfolio growth, and one-off expenses including VAT reverse charge.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ERTURK, Asim | Director | 2013-02-07 | Feb 1982 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GANDECHA, Umang | Director | 2022-08-10 | 2025-11-28 |
| YILMAZ, Omer Faruk | Director | 2013-02-07 | 2017-03-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Omer Faruk Yilmaz | Individual | Shares 50–75% | 2016-12-31 | Ceased 2017-03-23 |
| Mr Asim Erturk | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-31 | Active |
Filing timeline
Last 20 of 59 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-03-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-03 | CH01 | officers | Change person director company with change date | |
| 2024-12-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-30 | AA | accounts | Accounts with accounts type full | |
| 2023-09-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-08-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-31 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-12 | OC | miscellaneous | Court order | |
| 2022-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-30 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2022-05-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-05-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-05-04 | CH01 | officers | Change person director company with change date | |
| 2022-04-13 | ANNOTATION | miscellaneous | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.