CARBIDE PROPERTIES LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-06-04 (in 1mo)
Last made up 2025-05-21
Watchouts
Cash
£7M
Latest balance sheet
Net assets
£18M
highest in 5 filed years
Employees
11
Average over period
Profit before tax
£3M
Period ending 2024-08-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-08-31
| Metric | Trend | 2019-02-28 | 2020-02-29 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £50,602,167 | £51,355,139 | |
| Operating profit | — | — | — | — | £3,965,480 | £3,071,494 | |
| Profit before tax | — | — | — | — | £4,039,743 | £3,081,650 | |
| Net profit | — | £944,418 | — | — | £3,250,939 | £2,243,477 | |
| Cash | — | £311,451 | £964,095 | £2,717,744 | £8,013,098 | £7,279,583 | |
| Total assets less current liabilities | — | £7,365,657 | £9,690,456 | £9,784,712 | £18,115,935 | £18,424,106 | |
| Net assets | — | £7,365,657 | £9,650,456 | £9,751,379 | £18,092,602 | £18,386,079 | |
| Equity | — | £7,365,657 | £9,650,456 | £9,751,379 | £18,092,602 | £18,386,079 | |
| Average employees | — | — | — | — | 13 | 11 | |
| Wages | — | — | — | — | £2,078,533 | £1,781,089 | |
| Directors' remuneration | — | — | — | — | £948,872 | £370,986 |
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 2023-02-28
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-02-28 | 2020-02-29 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.8% | 6.0% | |
| Net margin | — | — | — | — | 6.4% | 4.4% | |
| Return on capital employed | — | — | — | — | 21.9% | 16.7% | |
| Current ratio | — | — | — | — | 1.82x | 2.32x | |
| Interest cover | — | — | — | — | 224.14x | 111.88x |
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
- Robert Whowell & Partners LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded the group has adequate resources and the necessary means to continue as a going concern in the normal course of business for the forseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing these financial statements.”
Group structure
- CARBIDE PROPERTIES LIMITED · parent
- Tungsten Properties Limited 1%
- Carbide Fortwell RCF Limited 1%
- Tungsten MW Witney Limited 1%
- Tungsten Witham (1) Limited 1%
- Tungsten Lutterworth (1) Limited 1%
- Tungsten Oakham (1) Limited 1%
- Carbide Witney Fortwell Limited 1%
- Tungsten Birkenhead Limited 1%
- Tungsten Worksop Limited 1%
- Tungsten Cirencester Limited 1%
- Tungsten Colchester Limited 1%
- Tungsten Nuneaton Limited 1%
- Tungsten Bredbury Limited 1%
- Tungsten Dev Co 6 Limited 1%
- Tungsten Dev Co 8 Limited 1%
- Tungsten Asset Management Limited 1%
- Carbide Court Management Limited 1%
- Tungsten Court Management Limited 1%
- Tungsten Dev Co 3 Limited 1%
- Tungsten Dev Co 5 Limited 1%
- Tungsten Holdco 1 Limited 1%
- Tungsten Dev Co 7 Limited 1%
Significant events
- “On 17 December 2024, the parent company and the group were acquired by an Employee Ownership Trust, governed by Carbide Properties Trustee Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SEAR-MAYES, David James | Secretary | 2014-10-01 | — | British |
| PENMAN, Jeffrey David | Director | 2014-10-01 | Apr 1975 | British |
| SEAR-MAYES, David James | Director | 2014-10-01 | Apr 1961 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SEAR-MAYES, Siobhan | Secretary | 2014-08-29 | 2014-10-01 |
| PENMAN, Catherine Elizabeth | Director | 2014-08-29 | 2014-10-01 |
| SEAR-MAYES, Siobhan | Director | 2014-08-29 | 2014-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Carbide Properties Trustee Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-12-17 | Active |
| Mr Jeffrey David Penman | Individual | Significant influence | 2021-05-21 | Ceased 2026-05-06 |
| Mr David James Sear-Mayes | Individual | Significant influence | 2016-08-29 | Ceased 2026-05-06 |
| Mrs Siobhan Sear-Mayes | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-12-17 |
| Mrs Catherine Elizabeth Penman | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-12-17 |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-27 | CH01 | officers | Change person director company with change date | |
| 2025-08-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-23 | AA | accounts | Accounts with accounts type group | |
| 2024-12-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-22 | AA01 | accounts | Change account reference date company current extended | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-18 | AA | accounts | Accounts with accounts type group | |
| 2023-06-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-01 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.