CARBIDE PROPERTIES LIMITED
Get an alert when CARBIDE PROPERTIES LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£5M
Latest balance sheet
Net assets
£15M
Equity attributable
Employees
13
Average over period
Profit before tax
£1.3M
Period ending 2025-08-31
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
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2020-02-29 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £51,355,139 | £32,278,913 | — | |
| Operating profit | — | £3,071,494 | £1,349,337 | — | |
| Profit before tax | — | £3,081,650 | £1,325,855 | — | |
| Net profit | £944,418 | £2,243,477 | £971,631 | — | |
| Cash | £311,451 | £7,279,583 | £4,999,941 | — | |
| Total assets less current liabilities | £7,365,657 | £18,424,106 | £14,667,723 | — | |
| Net assets | £7,365,657 | £18,386,079 | £14,652,710 | — | |
| Equity | £7,365,657 | £18,386,079 | £14,652,710 | — | |
| Average employees | — | 11 | 13 | — | |
| Wages | — | £1,781,089 | £1,377,004 | — | |
| Directors' remuneration | — | £370,986 | £142,800 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 18 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-02-29 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | — | 6.0% | 4.2% | |
| Net margin | — | 4.4% | 3.0% | |
| Return on capital employed | — | 16.7% | 9.2% | |
| Current ratio | — | 2.32x | 3.27x | |
| Interest cover | — | — | 14.19x |
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 100%
- Carbide Fortwell RCF Limited 100%
- Tungsten MW Witney Limited 100%
- Tungsten Witham (1) Limited 100%
- Tungsten Lutterworth (1) Limited 100%
- Tungsten Oakham (1) Limited 100%
- Carbide Witney Fortwell Limited 100%
- Tungsten Birkenhead Limited 100%
- Tungsten Worksop Limited 100%
- Tungsten Cirencester Limited 100%
- Tungsten Dev Co 10 Limited 100%
- Tungsten Dev Co 6 Limited 100%
- Tungsten Dev Co 8 Limited 100%
- Tungsten Asset Management Limited 100%
- Tungsten Dev Co 3 Limited 100%
- Tungsten Court Management Limited 100%
- Tungsten Holdco 1 Limited 100%
- Tungsten Property Investment Ltd 100%
- Tungsten Dev Co 9 Limited 100%
- Tungsten Dev Co 12 Limited 100%
- Tungsten Dev Co 5 Limited 100%
- Tungsten Dev Co 7 Limited 100%
Significant events
- “During the financial year, an employee ownership trust acquired the company and group.”
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 59 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-26 | AA | accounts | Accounts with accounts type group | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 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 |
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.