TROY HOMES LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-09-02 (in 4mo)
Last made up 2025-08-19
Watchouts
None on the register
Cash
£647K
lowest in 5 filed years
Net assets
£997K
lowest in 5 filed years
Employees
24
Average over period
Profit before tax
-£4M
lowest in 4 filed years
Net assets
7-year trend · vs Real Estate median
Accounts
7-year trend · latest reflected 2024-09-30
| Metric | Trend | 2018-03-31 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £26,747,628 | £30,426,364 | |
| Operating profit | — | — | — | — | — | £2,348,574 | £1,221,273 | |
| Profit before tax | — | — | £254,968 | -£1,560,734 | — | £36,777 | -£4,209,106 | |
| Net profit | — | — | — | — | -£803,276 | £79,047 | -£2,974,137 | |
| Cash | — | — | £1,243,721 | £2,002,815 | £1,576,063 | £1,917,709 | £647,095 | |
| Total assets less current liabilities | — | — | £21,680,111 | £24,041,142 | — | £37,584,367 | £52,130,920 | |
| Net assets | — | — | £5,061,341 | £5,242,137 | £4,469,161 | £3,945,641 | £997,252 | |
| Equity | £1,042,301 | £3,145,800 | £5,061,341 | £5,242,137 | — | £3,945,641 | £997,252 | |
| Average employees | — | — | 23 | 19 | 21 | 26 | 24 | |
| Wages | — | — | £1,395,349 | £1,218,890 | £1,779,943 | £1,951,560 | £2,897,027 | |
| Directors' remuneration | — | — | £789,722 | £696,491 | — | — | — |
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 2024-09-30 vs 2023-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-03-31 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 8.8% | 4.0% | |
| Net margin | — | — | — | — | — | 0.3% | -9.8% | |
| Return on capital employed | — | — | — | — | — | 6.2% | 2.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 91.0% | 98.3% | |
| Current ratio | — | — | — | — | — | 6.31x | 9.89x | |
| Interest cover | — | — | — | — | — | 1.02x | 0.23x |
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
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group's and parent 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
- TROY HOMES LIMITED · parent
- Troy Homes (Elstree Lawns) Limited 100%
- Troy Homes (Inland) Limited 100%
- Troy Homes (Bicknacre) Limited 100%
- Troy Homes (Thorpe) Limited 100%
- Troy Homes Residential Ltd 100%
Significant events
- “The slowdown in the housing market caused by the enormous hike in interest rates has had a large impact on the business. This has resulted in a fall in customer confidence, less sales at lower prices, a large increase in stock, a reduction in margins and a substantial increase in interest costs. The impact of all of this has resulted in the Company making a significant loss before the cost of shareholder funds.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOK, Adrian | Secretary | 2017-04-11 | — | — |
| BASELEY, Stewart Antony | Director | 2015-11-17 | Nov 1958 | British |
| COOK, Adrian | Director | 2018-10-01 | Jul 1975 | British |
| HUGHES, Anthony | Director | 2024-05-01 | Aug 1968 | British |
| QUIRK, Christopher | Director | 2023-07-01 | Feb 1988 | British |
| ROAKE, Karen Nicola | Director | 2018-10-01 | Mar 1972 | British |
| SMYTH, Glenn | Director | 2021-10-01 | Jan 1968 | British |
| WERTH, Richard Graham | Director | 2015-08-20 | Nov 1960 | British |
| WRIGHT, Phillip | Director | 2023-07-01 | Jun 1985 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOHR, Adrian Stuart | Director | 2015-10-09 | 2018-04-05 |
| HARRIS, Bryan | Director | 2018-11-01 | 2020-06-30 |
| MALDE, Nishith | Director | 2015-12-01 | 2023-03-10 |
| MYRANTS-WILSON, Oliver James | Director | 2020-09-24 | 2022-10-28 |
| REDHEAD, Lee | Director | 2018-10-01 | 2020-03-10 |
| THOMPSON, Robert | Director | 2018-10-01 | 2021-04-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Poole Investments Ltd | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2018-04-05 |
| Mr Eric John Spencer Gadsden | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
| Mr Richard Graham Werth | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 127 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-28 RESOLUTIONS Resolution
- 2023-11-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-20 | AA01 | accounts | Change account reference date company current extended | |
| 2024-01-21 | SH01 | capital | Capital allotment shares | |
| 2023-12-11 | AA | accounts | Accounts with accounts type group | |
| 2023-11-28 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-28 | MA | incorporation | Memorandum articles | |
| 2023-11-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
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.