NEWFOUNDLAND PROPCO LIMITED
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Cash
£9.2m
-2.7% vs 2024
Net assets
-£9.6m
+93.9% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£11m
+129.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £17,637,071 | £16,819,675 | £18,748,125 | +11.5% | |
| Operating profit | -£32,285,472 | -£17,337,480 | £32,647,734 | +288.3% | |
| Profit before tax | -£53,588,634 | -£38,287,741 | £11,157,506 | +129.1% | |
| Net profit | -£53,588,634 | -£38,287,741 | £11,285,288 | +129.5% | |
| Cash | £7,549,664 | £9,449,773 | £9,197,498 | -2.7% | |
| Total assets less current liabilities | £183,952,062 | £148,132,357 | £298,820,230 | +101.7% | |
| Net assets | -£123,487,319 | -£158,266,836 | -£9,591,540 | +93.9% | |
| Equity | — | -£158,266,836 | -£9,591,540 | +93.9% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -183.1% | -103.1% | 174.1% | |
| Net margin | — | — | 60.2% | |
| Return on capital employed | -17.6% | -11.7% | 10.9% | |
| Gearing (liabilities / total assets) | 527.3% | 133.0% | 102.0% | |
| Current ratio | — | 0.04x | 0.05x | |
| Interest cover | -1.51x | -0.82x | 1.50x |
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
- NEWFOUNDLAND PROPCO LIMITED 2025-02-18 → present
- VERTUS NFL LIMITED 2015-02-27 → 2025-02-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- NEWFOUNDLAND PROPCO LIMITED · parent
- Newfoundland Place Limited 100%
Significant events
- “Following the entity's exit from the REIT structure in January 2025, management reassessed the recoverable amount of fixtures and fittings.”
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 |
|---|---|---|---|---|
| GEN II CORPORATE SERVICES (JERSEY) LIMITED | Corporate Secretary | 2025-01-24 | — | — |
| AL-ASSMAKH, Zamzam Ibrahim H I | Director | 2025-01-24 | Apr 1995 | Qatari |
| BERKLAYD, Theodor | Director | 2025-01-24 | Dec 1986 | American |
| MELLER, Rose Belle Claire | Director | 2025-01-24 | Feb 1978 | British |
| VILLARREAL FLORES, Daniel | Director | 2025-01-24 | Apr 1988 | Mexican,British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GARWOOD, John Raymond | Secretary | 2015-02-27 | 2020-07-17 |
| HILLSDON, Caroline Elizabeth | Secretary | 2020-07-17 | 2023-10-11 |
| MORGAN, Susan Diane | Secretary | 2024-11-18 | 2025-01-24 |
| TURNER, Jeremy Justin | Secretary | 2021-12-06 | 2025-01-24 |
| ANDERSON II, A Peter | Director | 2015-02-27 | 2019-12-31 |
| BENHAM, Ian John | Director | 2023-06-16 | 2025-01-24 |
| DAFFERN, Andrew Stewart James | Director | 2021-05-06 | 2023-09-08 |
| IACOBESCU, George, Sir | Director | 2015-02-27 | 2021-07-01 |
| KHAN, Shoaib Z | Director | 2019-12-31 | 2025-01-24 |
| KINGSTON, Katy Jo | Director | 2021-05-06 | 2025-01-24 |
| LYONS, Russell James John | Director | 2015-02-27 | 2021-05-21 |
| WORTHINGTON, Rebecca Jane | Director | 2021-05-06 | 2025-01-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Newfoundland Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 62 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-18 CERTNM Certificate change of name company PDF
- 2025-01-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-03-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-18 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-30 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-01-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-23 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.