BLUEWATER REIT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-05-11 (in 1y)
Last made up 2026-04-27
Watchouts
Cash
£8M
-29.8% vs 2024
Net assets
£214M
+7.7% highest in 6 filed years
Employees
—
Average over period
Profit before tax
£30M
+80.7% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
8-year trend · vs Real Estate median
Accounts
8-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £6,474,000 | £23,030,000 | £22,862,000 | £23,979,000 | |
| Operating profit | — | — | — | — | £29,296,000 | £3,446,000 | £16,389,000 | £29,623,000 | |
| Profit before tax | — | — | — | — | £27,592,000 | £3,450,000 | £16,399,000 | £29,627,000 | |
| Net profit | — | — | — | — | £27,592,000 | £3,449,000 | £16,396,000 | £29,626,000 | |
| Cash | — | — | — | — | £7,267,000 | £6,680,000 | £12,033,000 | £8,448,000 | |
| Total assets less current liabilities | — | — | — | — | — | — | £198,537,000 | £213,738,000 | |
| Net assets | £1,000 | — | £1,000 | — | £203,424,000 | £196,340,000 | £198,537,000 | £213,738,000 | |
| Equity | £1,000 | £1,000 | £1,000 | £1,000 | £203,424,000 | £196,340,000 | £198,537,000 | £213,738,000 | |
| Average employees | 0 | — | 0 | — | 0 | 0 | — | — | |
| 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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+4.9%
£22,862,000 £23,979,000
highest in 4 filed years
-
Cash
-29.8%
£12,033,000 £8,448,000
-
Net assets
+7.7%
£198,537,000 £213,738,000
highest in 6 filed years
-
Employees
—
Not reported
-
Operating profit
+80.7%
£16,389,000 £29,623,000
highest in 4 filed years
-
Profit before tax
+80.7%
£16,399,000 £29,627,000
highest in 4 filed years
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 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 15.0% | 71.7% | 123.5% | |
| Net margin | — | — | — | — | — | 15.0% | 71.7% | 123.5% | |
| Return on capital employed | — | — | — | — | — | — | 8.3% | 13.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | 3.8% | 3.8% | |
| Current ratio | — | — | — | — | — | — | 2.10x | 2.07x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- BLUEWATER REIT LIMITED 2022-04-01 → present
- BLUEWATER GROUND LEASE LIMITED 2013-07-24 → 2022-04-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have determined that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company, Land Securities Group PLC (together with its subsidiaries referred to as the 'Group'). The directors' going concern assessment covers the period to 30 November 2026 and confirmation has been received that Land Securities Group PLC will support the Company until this date, so long as the Company remains a subsidiary of Land Securities Group PLC. If the Company is sold within the period to 30 November 2026, confirmation has been received that Land Securities Group PLC would ensure the Company remains in a position to continue as a going concern at the point of sale.”
Group structure
- BLUEWATER REIT LIMITED · parent
- Bluewater Two Limited 100%
Significant events
- “On 24 November 2024, an interim dividend of £8,000,000 was declared and issued.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LS COMPANY SECRETARIES LIMITED | Corporate Secretary | 2014-06-24 | — | — |
| ARCHER, Oliver Adam | Director | 2025-07-21 | Jul 1991 | British |
| TREADWELL, Charles Timothy | Director | 2025-07-21 | Jul 1980 | British |
| LAND SECURITIES MANAGEMENT SERVICES LIMITED | Corporate Director | 2015-01-16 | — | — |
| LS DIRECTOR LIMITED | Corporate Director | 2015-01-16 | — | — |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JANANDRAN, Thanalakshmi | Secretary | 2013-07-24 | 2013-08-16 |
| CAPITA COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2014-01-23 | 2014-06-24 |
| BOOR, Mark | Director | 2014-03-24 | 2014-06-24 |
| BOSWELL, Raymond Bradley Thomas | Director | 2013-07-24 | 2014-05-16 |
| CHAPMAN, Joanna Lee | Director | 2022-08-05 | 2025-07-21 |
| DE SOUZA, Adrian Michael | Director | 2014-06-24 | 2015-01-16 |
| DON-WAUCHOPE, Despina | Director | 2014-09-30 | 2019-01-25 |
| FUTTER, Rosalind Charlotte | Director | 2019-01-25 | 2022-08-05 |
| GILL, Christopher Marshall | Director | 2014-06-24 | 2015-01-16 |
| KHAN, Mohammed Shahraz | Director | 2014-04-01 | 2014-05-16 |
| MATHESON, Craig Stephen | Director | 2014-03-24 | 2014-06-24 |
| STEELE, Nicola Josephine | Director | 2013-07-24 | 2014-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ls Bluewater Investments Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2026-03-31 | Active |
| Land Securities Portfolio Management Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2022-03-31 | Ceased 2026-03-31 |
| Land Securities Property Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-31 | Ceased 2022-03-31 |
| The Prudential Assurance Company Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-03-31 | Active |
| Land Securities Portfolio Management Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-03-31 |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-04-02 RESOLUTIONS Resolution
- 2022-04-02 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2024-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-27 | AA | accounts | Accounts with accounts type full | |
| 2022-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-02 | RESOLUTIONS | resolution | Resolution | |
| 2022-04-02 | MA | incorporation | Memorandum articles | |
| 2022-04-01 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- 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.