PLACES FOR LONDON LIMITED
Formerly known as TTL Properties Limited, the company acts as the property-owning and development arm of Transport for London, managing the transport network's extensive land estate to deliver commercial real estate and new housing across the capital.
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Cash
—
Latest balance sheet
Net assets
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Equity attributable
Employees
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Average over period
Profit before tax
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Period ending 2026-03-31
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £81,800,000 | £91,800,000 | £105,600,000 | +15% | |
| Operating profit | £21,800,000 | £16,600,000 | £29,900,000 | +80.1% | |
| Profit before tax | -£139,500,000 | £55,600,000 | — | — | |
| Net profit | -£127,400,000 | £7,800,000 | — | — | |
| Cash | £61,800,000 | £34,500,000 | — | — | |
| Total assets less current liabilities | £1,684,300,000 | £1,796,200,000 | — | — | |
| Net assets | £1,684,300,000 | £1,796,200,000 | — | — | |
| Equity | £1,684,300,000 | £1,796,200,000 | — | — | |
| Average employees | 221 | 268 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £660,597 | £783,823 | — | — | |
| Directors' pension contributions | £99,404 | £113,090 | — | — | |
| Highest paid director | £370,318 | £285,166 | — | — |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 26.7% | 18.1% | 28.3% | |
| Net margin | -155.7% | 8.5% | — | |
| Return on capital employed | 1.3% | 0.9% | — | |
| Gearing (liabilities / total assets) | 6.1% | 7.1% | — | |
| Interest cover | 5.89x | 4.61x | — |
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
- PLACES FOR LONDON LIMITED 2023-07-03 → present
- TTL PROPERTIES LIMITED 2014-03-26 → 2023-07-03
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that the going concern period is to 31 March 2028... based on the above, the directors believe that the going concern basis of accounting remains appropriate.”
Group structure
- PLACES FOR LONDON LIMITED · parent
- TTL Blackhorse Road Properties Limited 100%
- TTL Build to Rent Limited 100%
- TTL Earls Court Properties Limited 100%
Significant events
- “On 7 September 2026, the Company approved the reduction of the number of shares issued from 1,985,000,001 to 1,745,000,001 through a share reduction. The reduction was effective on 9 September 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARKE, Andrea | Secretary | 2023-09-29 | — | — |
| CRAIG, Graeme Kenneth | Director | 2014-03-26 | Jul 1968 | British |
| GUPTA, Manish | Director | 2026-03-06 | Feb 1970 | British |
| HOOK, Neil Robert | Director | 2026-03-06 | Jan 1981 | British |
| NICKLIN, Digby Stuart | Director | 2024-05-17 | Feb 1969 | British |
| WILLIAMS, Alex | Director | 2022-12-20 | Oct 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARTER, Howard Ernest | Secretary | 2014-03-26 | 2023-09-29 |
| CURRY, Justine Anne | Secretary | 2023-09-29 | 2026-05-15 |
| JONES, Martin Patrick William | Secretary | 2014-03-26 | 2015-08-07 |
| ALLEN, Stephen David | Director | 2014-03-26 | 2015-09-30 |
| CARTER, Howard Ernest | Director | 2014-03-26 | 2022-05-18 |
| DOIG, Patrick | Director | 2022-12-15 | 2026-03-06 |
| GOLDSTONE, David Lionel Alexander | Director | 2014-03-26 | 2014-09-30 |
| HAMPSON, Lester Paul | Director | 2016-09-01 | 2024-12-31 |
| NUNN, Ian Alan | Director | 2015-09-21 | 2017-07-24 |
| POLLINS, Andrew | Director | 2014-03-27 | 2016-09-01 |
| POWELL, Gareth William | Director | 2022-05-18 | 2022-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Transport For London | Legal person | Significant influence | 2016-04-06 | Active |
| Transport Trading Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 99 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-09 RESOLUTIONS Resolution
- 2026-09-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-26 | AA | accounts | Accounts with accounts type group | |
| 2026-09-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-09-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-09-09 | SH20 | capital | Legacy | |
| 2026-09-09 | CAP-SS | insolvency | Legacy | |
| 2026-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2026-09-09 | SH20 | capital | Legacy | |
| 2026-09-09 | CAP-SS | insolvency | Legacy | |
| 2026-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-04 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | RP01SH01 | miscellaneous | Legacy | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-02 | SH01 | capital | Capital allotment shares | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-23 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 5
- Officers appointed
- 2
- Officers resigned
- 2
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.