QUIDNET REIT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-08 (in 3mo)
Last made up 2025-07-25
Watchouts
None on the register
Cash
£801K
+24.8% highest in 3 filed years
Net assets
£18M
+2.9% highest in 3 filed years
Employees
3
0% vs 2023
Profit before tax
£1M
+66.3% vs 2023
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £2,370,438 | £2,013,856 | |
| Operating profit | — | £2,170,397 | £1,726,972 | |
| Profit before tax | £1,666,080 | £845,821 | £1,406,660 | |
| Net profit | £1,205,032 | £1,237,249 | £971,328 | |
| Cash | £632,719 | £641,641 | £800,860 | |
| Total assets less current liabilities | — | £33,041,412 | £33,377,982 | |
| Net assets | £17,520,594 | £17,519,898 | £18,034,589 | |
| Equity | £17,520,594 | £17,519,898 | £18,034,589 | |
| Average employees | — | 3 | 3 | |
| 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-15%
£2,370,438 £2,013,856
-
Cash
+24.8%
£641,641 £800,860
highest in 3 filed years
-
Net assets
+2.9%
£17,519,898 £18,034,589
highest in 3 filed years
-
Employees
0%
3 3
-
Operating profit
-20.4%
£2,170,397 £1,726,972
-
Profit before tax
+66.3%
£845,821 £1,406,660
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 91.6% | 85.8% | |
| Net margin | — | 52.2% | 48.2% | |
| Return on capital employed | — | 6.6% | 5.2% | |
| Gearing (liabilities / total assets) | — | 49.4% | 48.8% | |
| Current ratio | — | 1.71x | 1.73x | |
| Interest cover | — | 2.65x | 1.98x |
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 3 times since incorporation
- QUIDNET REIT LIMITED 2019-04-03 → present
- QUIDNET (GHB) LTD 2015-11-12 → 2019-04-03
- GH 2015 NEWCO LIMITED 2015-08-08 → 2015-11-12
- GH 2015 - RICHARD TICE 100% LIMITED 2015-08-05 → 2015-08-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Taylor Associates LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “A payment of a further interim dividend of 5p per share amounting to £359,501 was made in February 2025.”
- “A final dividend of 1 pence per share is declared to be paid on 22nd April 2025.”
- “The Company is looking to complete on the acquisition of a Long leasehold unit within Hawkley Brook, Wigan.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PURCELL, John Patrick | Director | 2019-12-24 | Apr 1963 | British |
| TICE, Richard James Sunley | Director | 2015-08-05 | Sep 1964 | British |
| TRIBE, Nicholas John Grove | Director | 2015-10-09 | Jun 1966 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Richard James Sunley Tice | Individual | ownership-of-shares-25-to-50-percent-as-firm, Significant influence | 2017-12-22 | Active |
| Mr Richard James Sunley Tice | Individual | significant-influence-or-control-as-trust, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2017-12-22 |
| Tisun Investment Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2017-12-22 |
| Apic Trustees Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2017-12-22 |
| Mattioli Woods Plc T/A City Trustees | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-06 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-19 | SH01 | capital | Capital allotment shares | |
| 2024-02-19 | CH01 | officers | Change person director company with change date | |
| 2024-02-19 | CH01 | officers | Change person director company with change date | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-12 | AA | accounts | Accounts with accounts type full | |
| 2022-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.